The social unrest in Egypt, as people take to the streets to protest current president Hosni Mubarak, has put a floor in declining gold prices, Cramer said Friday.

He had predicted the precious metal would pull back throughout January before resuming its climb higher, but Egypt has served to stop that fall a few days early, as investors seek out the precious metal in such times of volatility.

“I really think that Egypt is another reason why we remember why gold is an important currency,” Cramer said, “and a commodity.”

Cramer has been endorsing investments in gold [GCC1 1340.7 22.2999 (+1.69%) ], telling investors to wait for the declines to end before getting back in. He believes the trend among the world’s central banks of printing more and more cash will devalue currencies, which makes gold more attractive. He also thinks that demand for the commodity itself from China and India’s growing middle classes, coupled with a scarcity of new mines, will push up gold prices. Now, with the riots in Cairo, Alexandria and Suez, and the fear that they could spread to the rest of the Middle East, investors have another reason to consider owning gold.

Cramer has predicted that those prices will eventually reach $2,000 an ounce over the next five years.

Later