Agnico Eagle Mines's (AEM) Chairman Is The Gold "Spokesperson," Says Jim Cramer

We recently published Jim Cramer Discussed These 11 Stocks & The Market’s 3rd Bull Run Anniversary. Agnico Eagle Mines Limited (NYSE:AEM) is one of the stocks Jim Cramer recently discussed.

As gold prices cross record highs, Cramer has started to frequently discuss gold Agnico Eagle Mines Limited (NYSE:AEM). He believes that the firm is one of the top players in its space, and previously, Cramer has wondered whether surging US debt of $37 trillion is pushing gold prices up. Amidst the surge, he has repeatedly expressed optimism for Agnico Eagle Mines Limited (NYSE:AEM). The CNBC TV host believes that the firm has positioned itself well with regard to its mining sites. This time, he recalled a discussion with the firm’s chairman and shared additional insights into what is driving gold prices:

“Sean Boyd I think is the leading spokesperson for gold. He’s the chairman of Agnico Eagle. And he just said, look Jim, I was giving him a thesis of. . . but I was thinking that it was people who were rushing away from our 37 trillion dollars. And he said, no, it’s the Chinese central bank and Chinese individuals who desperately want gold as a storage of value.”

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