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Thursday, January 20, 2011

Jim Cramer : Gold Is Not Down Enough

NEW YORK (TheStreet) -- Jim Cramer reveals how he owns gold and why he believes it is not a bubble. Follow Jim on Twitter @JimCramer.

Jim Cramer :"....Gold is part of diversification. Strategy. I like farms like gold -- resources. And wing it did have -- people who think that -- gold bloggers think nickel goes right 2000 are not listening to me. This is a hedge against that we the Fiat currencies in the world government's printing money. It's a hedge against the notion that paper is going to keep its value world where people are printing money. But it was up huge last year. And it was up -- for the list ten -- so Alex the idea. Dated subject to a bout of profit taking which is what -....."

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