Did You Overlook This Gold Play?

The bullish action in gold is no bubble, Cramer said Wednesday. Higher interest rates won’t slow this growth, not with real demand coming from huge emerging markets like China and India. Plus, as countries around the world print more and more paper money, gold becomes the best hedge against it.

If you’ve watched “Mad Money” at all, then you know how Cramer thinks this trend should be played: the SPDR Gold Shares ETF, which tracks the commodity’s price; then his favorite miners, Agnico-Eagle Mines , Eldorado and NovaGold .

But don’t overlook Barrick Gold , either. This company, the largest gold producer in the world, operates 26 mines around the world and 138.5 million ounces of proven and provable reserves, and plans to grow production to 9 million ounces a year over the next five years, up from 7.5 million. And for every $10 change in gold prices, ABX’s earnings increase by about 1.5 percent. Barrick deals with relatively low cash costs, too, of $454 an ounce, and has some great properties in development in Puerto Rico, Chile and Argentina, as well as a joint project with NovaGold in Alaska’s Donlin Creek.

So is it a buy? Watch Cramer’s interview with CEO Aaron Regent and decide for yourself.

When this story published, Cramer's charitable trust owned NovaGold.

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    Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

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