Published: Monday, 8 Aug 2011 | 6:57 PM ET
By: Drew Sandholm
Web Producer
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Web Producer
"This is a scary, chaotic environment and in moments of fear and chaos, the one thing you need to own is gold," Cramer said Monday. "which is why the precious metal has been soaring of late, hitting new highs again today and going out above $1,700 an ounce."
When it comes to gold [GCCV1 1726.80 
13.60 (+0.79%) 
], Cramer favors the GLD[GLD 167.119 5.369 (+3.32%) ] exchange-traded fund. He calls it the most convenient, least risky way to own the precious metal.
13.60 (+0.79%) ], Cramer favors the GLD[GLD 167.119 5.369 (+3.32%) ] exchange-traded fund. He calls it the most convenient, least risky way to own the precious metal. Cramer: What Really Caused the Dow to Plummet
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
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