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[CNBC Host: Choose Gold for Hedging, Only Recognizes Bitcoin and Ethereum in Crypto] According to a report by Golden Finance on October 21, citing BeInCrypto, CNBC host Jim Cramer stated on the show *Mad Money* while responding to a caller named Jacob that he prefers gold over Bitcoin for providing insurance to an investment portfolio. He suggested allocating new funds evenly between index funds and five stocks favored by the caller, and using Bitcoin or gold as insurance for the portfolio. If physical gold bars are difficult to obtain, he recommended opting for the gold ETF SPDR Gold Shares (GLD). The report noted that Cramer did not claim Bitcoin is not a good hedging tool but simply expressed his preference. He also emphasized the quality of assets, warning that investors tempted by low prices face risks of losses from penny stocks to inferior tokens. Instead, he suggested directly choosing Ethereum or Bitcoin.