Cramer talking to CAT CEO RE: Iraq and moves into Dinar ETF.
CAT CEO Jim Owens has talked about the potential in Iraq, something a lot of investors see as well. A lot of Mad Money investors are looking for ways to trade the country’s currency, the dinar.
The problem? Cramer doesn’t know of any vehicle through which to do so. In fact, there are few opportunities to invest there: the Babylon Fund, broker Auerbach Grayson and Northern Gulf Partners plans to open a related mutual fund – none of which Cramer recommended, just to be clear. He called on the companies that run exchange-traded funds to create an ETF for Iraq.
“The one that sets it up first,” Cramer said, “is going to get a lot of dollars in it.”
Life is short, Break the rules, Forgive quickly, Kiss slowly, Love truly, Laugh uncontrollably,
And never regret anything that made you smile.