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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 416.72+1.2%Dec 26 4:00 PM EST

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To: TobagoJack who wrote (5324)4/5/2006 9:26:16 PM
From: Slagle  Read Replies (2) of 218775
 
TobagoJack,
Cramer (yep, that one) made a claim ABOUT GOLD on his show tonight that I have never heard before. He says that the demand for gold in India and China is not for jewelry but for investment. Why? Because he claims that the gold being bought there is 24 carat gold, too soft for jewelry. Is this true?

He says that the reason that the people in China and India are buying the gold is that they don't trust their governments and the local currency. <grin> I guess they trust the USD, though.

And because of this he says you should buy KRY, a company with some operations in Venezuela.
Slagle
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