west town jewelry & loan, says Gold is hot again gold sell.
TheStreet’s founder and Action Alerts PLUS portfolio manager Jim Cramer said the best gold stock to own is Randgold Resources (GOLD – Get Report) .
Randgold shares are up 33% since the start of the year.
Cramer said gold is the true reserve currency in situations like this where global uncertainty is heating up. Gold closed above $1,300 an ounce on Monday for the first time of the year.
Monday’s North Korea missile firing sparked a bizarre safe-haven pile on in currencies, too.
“People want to own the yen but it’s obvious that we have to worry about what happens if North Korea tests a missile and it doesn’t go over Japan and it stops in Japan — so I question the yen’s reserve currency status here,” Cramer noted. go to www.kitco.com for up to date gold pricing.
west town jewelry & loan will buy or sell your gold!