Jim Cramer Says "You Should Go Buy" Agnico Eagle (AEM)

We recently published Jim Cramer Discussed These 13 Stocks And Talked About Market “Froth” & Dotcom Bubble. Agnico Eagle Mines Limited (NYSE:AEM) is one of the stocks Jim Cramer recently discussed.

Cramer discussed Agnico Eagle Mines Limited (NYSE:AEM) in the context of rising gold prices. Throughout the show, he maintained that he was a “gold bug,” which made the firm attractive due to the supply and demand dynamics of the gold sector. Here is what the CNBC TV host said about Agnico Eagle Mines Limited (NYSE:AEM):

“I have Agnico Eagle on tonight. You should go buy Agnico Eagle. They will demonstrate that there is a shortage of gold. It’s both sides. There’s not a lot of supply, they’re having trouble finding it. And the demand I think is very much related to a weaker dollar and related to the 37 trillion. I am such a huge gold bug. But I have been a gold bug the whole way. Because I have always felt that you need an alternative that is a great insurance.

“They’re the guys that have the most, they do it [mine gold] in the safest area. We are running out of gold in unsafe areas, it’s just turning out to be something, if you have gold, and you’re mining it, there’s going to be problems with the government. . . there’s a great scarcity value.”

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Disclosure: None. This article is originally published at Insider Monkey.