Is Gold a Buy? Jim Cramer Says Timing Looks "Perfect"

As volatility reigns supreme across equity markets, many analysts are saying that gold’s fall below US$1,800 per ounce means it’s a good time to buy before the price goes up.

Gold's dip under that threshold began at the beginning of July, and is the first time the yellow metal has slipped below and held at that level since late 2021. The decline comes after gold breached US$2,000 in early March.

Many market participants remain resolute that it’s only a matter of time before gold regains its lost momentum, and that sentiment was echoed on Wednesday (August 3) by well-known TV personality Jim Cramer during the "Off the Charts" segment of his “Mad Money” investing show on CNBC.

Using charts developed by commodities and market historian Larry Williams, Cramer posited that gold is about to rally and investors should get on board. “The charts … suggest that the general public’s giving up on gold en masse and (Williams) thinks that that makes it the perfect entry time to do some buying,” he said.

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Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

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