It's always useful to hear what Jim Cramer -- or any of the other professional investors on the site -- has to say, and today at Stockpickr we're looking at what Cramer's had to say lately about gold.

We've combed through his RealMoney blog posts, "Mad Money" TV show episodes and activity in the Stockpickr Answers community and compiled the highlights of what he's been saying about how to play gold.

Freeport-McMoRan (FCX): One gold play that Cramer has been talking about lately is Freeport, which he owns for his Action Alerts PLUS charitable trust. On July 22, Cramer recommended Freeport on the "Stop Trading" segment on CNBC. "I've been buying this stock right here, right now for my charitable trust," he said, calling it a "ridiculous buy."

Later that day, he talked about Freeport again during his "Mad Money" Lightning Round. He said he was nibbling at the stock "for its scarcity value alone … even as I know it has become hated." He also praised its CEO, Richard Adkerson, and said he's doing a terrific job.

Earlier in the month, in a July 8 post to his RealMoney blog , he said that selling Freeport is "betting against all of corporate America."

Yamana Gold (AUY): During his June 13 Lightning Round, Cramer said he liked Yamana under $14. Then, in the first week of July, he sold off the Yamana shares he owned for his charitable trust in favor of Freeport, which he still owns.

On July 9, he responded to a "Mad Money" caller who owned both Yamana and Freeport, saying they were two-of-a-kind and advising that the caller sell one in favor of a defense stock.

Agnico-Eagle Mines (AEM): Last month, during his June 13 Lightning Round, Cramer said he preferred Agnico-Eagle to Barrick Gold (ABX) "for its faster growth." A couple of weeks later, on June 27, Cramer said on "Stop Trading!" that he didn't recommend buying Agnico-Eagle, which had moved up that day, and that investors who did own it should take some off the table.

By July 10, Cramer was more bullish. On that evening's Lightning Round, a viewer called in asking about Stillwater Mining (SWC). Cramer called that stock "too aggressive" and said he likes Agnico-Eagle instead. "That's the one I want to buy," he said.

Barrick Gold (ABX): In response to a caller interested in Barrick on his June 13 Lightning Round, Cramer said the stock wasn't his "favorite in the group." At the time, he preferred Agnico-Eagle and Yamana.


(Editor's note: At the time of publication, Cramer owned Freeport-McMoRan for his Action Alerts PLUS charitable trust.)


A note from James Altucher:

Every weekend I send an email to Jim Cramer and several hedge fund managers about the most interesting portfolios posted on Stockpickr that week. Usually those portfolios not only list stocks according to a theme but also offer significant analysis as to why the stocks are cheap.

Here are some examples:

Stocks related to drilling the Marcellus Shale

MLPS with yields above 7%

Microcaps trading for less than tangible book

Stocks that do well after Hurricanes

Here's the challenge: Build a portfolio at Stockpickr.com with great analysis, and send me the link. Each great portfolio (with analysis) will get posted on TheStreet.com with your byline (as a "Stockpickr Guest Columnist") and will be included in my email I send to Jim and the other
hedge fund managers on my list.


Posted July 23, 2008