Q: In that case, tell us what to buy in the next six months.

Fred Hickey: Buy value, and protect yourself against the threat of the dollar's collapse and the return of inflation. I've been riding the gold wave for a decade, and the major secular bull market in gold isn't over. I'm twice as adamant now as in January about the need to own gold. I continue to like the mining companies. The GDX, or Market Vectors Gold Miners ETF [exchange-traded fund], is a diversified fund of some 30 mining stocks. I still like Agnico-Eagle Mines , and bullion, which you can own through the GLD, or SPDR Gold Shares ETF. My favorite gold miner is Yamana Gold . It is based in Canada but operates in Brazil, Mexico and Chile. It trades on the New York Stock Exchange. It rallied to 11 a share from 4, but is down from a year-ago peak of 19, even though the price of gold has recovered to almost $1,000 an ounce. The P/E is reasonable. The company has new mines coming on, and it is benefiting from lower costs.

Worried about inflation? If so, you must think the economy is actually too strong. But still, Cramer recommended Agnico-Eagle Mines (AEM), SDPR Gold Shares (GLD) or gold bullion for those in this camp.

inflation

It's how Agnico Eagle (AEM) can rally 12 points in a blink of an eye.

INSURANCE FOR BAD TIMES

"One of my least favorite mining companies. The pecking order is the GLD ETF, then Agnico-Eagle Mines (AEM) and Eldorado Gold (EGO)." ("Mad Money Lightning Round," 5-15-09)

Perfect Gold Portfolio: Natalie Dempster, Head of Investment for the World Gold Council, reveals the best ways to invest in gold as a safe haven asset.
Click here to watch the video.

Best Gold Trade: Dan Dicker, RealMoney.com contributor, reveals the top ways to play gold during times of market volatility.
Click here to watch the video.

Cramer: Buy Gold: Jim Cramer says the weak dollar is good for stocks and he lists multiple buying opportunities. Real Money TV viewers get Cramer's videos first and commercial free!
Click here to watch the video.

AD: Gold reversed and went up. Agnico-Eagle (AEM) is soaring; don't want that. Worrisome

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