Jim Cramer Advises His Viewers On Magellan Midstream Partners And Gold

Jim Cramer said on CNBC's Mad Money that Magellan Midstream Partners, L.P. MMP is going to perform much better. He would hold a long position in the name and he would even buy more.

Cramer thinks it would be a great idea to put 10 percent of a portfolio in physical gold. He added that he would hold gold in a safety deposit box and he warned viewers not to to store it in their houses. Traders who like gold, but don't want to buy physical gold, can take a closer look at SPDR Gold Trust (ETF) GLD.