Agnico Eagle Mines Limited (NYSE:AEM) is one of the stocks that Jim Cramer discussed, along with market shortages. Cramer mentioned stocks while talking about precious metals shortages. He commented:
Unfortunately, it’s not just about technology. We have a real shortage of metals. Gold, silver and copper rise incessantly. The world has a lot of copper, so even though it is used in the data center, you would be wise to look for it. But man, silver is up 46% since the beginning of the year and gold is up 15%. Now, a lot of that is because the dollar is weak. It is a reserve… of value, but we have a permanent shortage of gold, not silver, but gold. Each year, between all the geopolitical uncertainty and dollar weakness, we only replace about 1% of the world’s holdings. There is a great demand here. I would buy Agnico Eagle if I wanted to participate because they are the best miners.
Image by Csaba Nagy on Pixabay
Agnico Eagle Mines Limited (NYSE:AEM) is a gold mining company that explores and produces precious metals, including gold, silver, zinc and copper.
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Disclosure: None. This article was originally published in Internal jumpsuit.