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Gold Is Going To $1,500, Says Jim Cramer

As gold prices wrapped up another great session and hit fresh eight-month highs, Mad Money’s Jim Cramer said that he is a gold “believer.”

Cramer said on Wednesday “We are big gold believers here. Now gold is at $1,300, we think gold is going to $1,400-$1,500. We suggest that everybody have a little bit of gold in their portfolio,”

The big news of the day was the Federal Reserve keeping rates unchanged at a range between 2.25% and 2.50%.

 

Altus Strategies PLC (LON:ALS) is a project generator focused on Africa, including projects in the Ivory Coast. Their aim is to deliver superior shareholder returns by cost-efficiently discovering multiple projects simultaneously, prior to entering joint ventures with third parties who fund the next phases of exploration and development. 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.