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A Gold Play That Controls the Chaos

By Jim Cramer

 About this article:
 Gold's not wrong. It is not a bubble. I wish people would stop calling it that. I want to reiterate that I like the SPDR Gold Shares, and I don't see why it can't go higher with the talk of nationalization in the air, and, more important, you have the euro totally falling apart. You do not get Wells Fargo at $10, Bank of America at $3 and Citigroup at $2 and not believe that you need some sort of safe haven. This is pure chaos out there. I want to emphasize, again, that nationalization of the banks is just the most dangerous thing that could happen right now. We simply do not have enough solvent banks to have a way out. We need to have a couple of banks that can be saved so that we can split up the ailing banks and divide them. If...

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