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Mad Money's Cramer Bashes Buffett on Gold Investing

Complete video at: "Mad Money" host Jim Cramer bashes Warren Buffett's stance that the gold market isn't a sound long-term investment because the precious metal has no utility. While Buffett snubs the value of gold, Cramer emphasizes the limited amount available, as well as the lack of new gold being mined. ----- Experience talks, conversations and readings from the 92nd Street Y's vast archive, featuring Nobel Laureates and world leaders, giants of literature and science, legendary entertainers and artists, and the fascinating people who have graced the Y's stage over the last 75 years. The Economist's Matthew Bishop grills a panel of bullish gold investors on whether there really is a bright future for the precious metal. Panelists include Jim Cramer, co-founder and markets commentator for and popular host of CNBC's Mad Money; John Hathaway, a leader in the gold investment sector as well as manager of a series of private gold-oriented accounts and gold funds for the Tocqueville Funds; and Thomas Kaplan, a prominent natural resources investor and chairman of the Electrum Group of companies.
Length: 02:21


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