Every investor should own some gold, Cramer said Tuesday. After all, the precious metal is a hedge against global economic chaos. It's also in high demand from emerging markets and central banks. Perhaps most importantly, though, it's very scarce.

Considering just how scare gold is, Cramer favors NovaGold Resources . The Vancouver, British Columbia-based company finds high-quality gold reserves. It doesn't have any production yet, but Cramer said it's literally sitting on two gold mines. NovaGold owns a 50 percent stake in both the Donlin Creek and Galore Creek mines in Alaska and Canada respectively, which are among the world's largest gold deposits. The Donlin mine could reportedly produce 1.25 million ounces of gold a year while the Galore Creek mine could produce 223,000 ounces of gold a year.