Jim Cramer, host of the popular CNBC mainstream markets show, Mad Money, described changing mindsets across generations as they relate to wealth storage.
“I think that my kids, when they get my inheritance, won’t feel comfortable with gold, and will feel comfortable with crypto,” Cramer told Morgan Creek Digital co-founder Anthony Pompliano on a podcast episode. “I have to start recognizing that maybe I am using a typewriter,” he said of his possibly outdated gold storage practices.
Cramer’s comment came in the middle of a lengthy interview, which saw the mainstream markets expert asking Pompliano a number of questions about crypto. A notable point around the conversation — the current economic situation in the U.S., given its debt and other precarious circumstances, and what assets might hold as safe wealth storage options.
“When I go to my inflation handbook, what it says is buy gold, buy masterpieces and buy mansions,” Cramer said referring to hedges for folks of his