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[bob3]

Cramer said he likes gold stocks as a hedge against inflation.
The two gold stocks he would buy here are Yamana Gold (AUY - Cramer's Take - Stockpickr - Rating) for growth and Barrick Gold (ABX - Cramer's Take - Stockpickr - Rating) as the more conservative play, he said.

If people have 10 stocks in their portfolios, they should consider owning one of these, Cramer told viewers. Moreover, these are stocks people should hold on to, even if they don't produce immediate upside surprises, he stressed. If people start seeing inflation, they will be thanking their lucky stars they own an insurance.

Barrick, Cramer said, is digging, buying and processing gold at a time when most other gold companies have stagnated. It's great insurance because Barrick hasn't locked its gold prices in advance, he said.

Then there's Yamana Gold. He said the company has a big mine in Chile, which should help it raise output.