Jim Cramer picks gold over Bitcoin to balance a young investor’s portfolio

CNBC’s Jim Cramer has made it clear which hard asset he trusts more when building a long-term portfolio. On the recent episode of Mad Money, a caller said he had used much of his savings for a down payment on his first home and asked how to rebuild his investments. “As the younger investor recently became a first-time homebuyer using a significant portion of my investment assets as a down payment. How should I think about rebuilding and rebalancing my portfolio going forward and what principles or strategies? Would you recommend for someone in my situation to make smart long-term investing decisions while balancing new financial responsibilities?” the caller asked.

First reported by TheStreet. This page is a short excerpt; the full text is theirs.