Any dips in gold’s price these days are “gifts,” Cramer said during Friday’s “Stop Trading.”
The “Mad Money” host was emphatic that gold was now a currency and not a commodity, and therefore investors shouldn’t treat the precious metal as if it were, say, copper. Plus, gold’s popularity among the growing middle classes of China and India, in addition to the lack of new, viable mines coming online, have created a classic supply-and-demand situation, and that is what’s driving up the price. He expects that price to reach $2,000 about five years from now.