Cramer Would Invest 10% Of Power Ball Winnings Into Gold
If winning the Power Ball is ever in your fortune, don’t forget to invest at least 10% of that into gold, this according to Mad Money’s Jim Cramer.
“Okay, so you just won Power Ball….I would immediately put ten percent of the winnings in gold. We don’t know what’s going to happen in the world. Buy bullion because gold, unlike paper, has kept its value over time,” wrote Cramer in his latest post on TheStreet.com.
But, Cramer advised to store it in different countries, as government confiscation of bullion is never completely out of the realm of possibilities.
“Don’t store it all in one bank. Don’t even store it all in one nation. Remember, our government confiscated our gold in 1933,” Cramer said.
Read the full article on Kitco.