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Jim Cramer: You Can Own Gold and Crypto as Hedges But You Need to Be Realistic

·3 min read
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The gold bugs are contemptuous of the crypto backers because gold's been around forever and has always been a store hold of value from about 700 B.C. Talk about an enviable track record. Mark Bristow, the CEO of Barrick , arguably the greatest gold company of our era, is using $1700 this year for gold but is basing his five year forecast for much lower levels. In the meantime, Cathie Wood (ARK Innovation ), never one to be modest in her price targeting, thinks that the $48,000 Bitcoin could be at $500,000 in five years' time.