“Stop fearing high gold prices,” Jim Cramer said on a recent “Mad Money” TV show. He told viewers that the rally in gold doesn’t portend doom, it’s now actually a good thing, Cramer highlighted three reasons why the gold rally is a “huge positive.” First, high gold prices equal a weak dollar, and that’s good for American business. The falling dollar helps to keep American exports cheap, which in turn makes our companies more competitive abroad. Cramer said the weak dollar benefits construction equipment firms, aerospace firms and drug makers. Second, high gold prices usually mean that deflation isn’t a pressing issue. Cramer explained that  deflation is what derailed the economy in the Great Depression, but that’s just not an issue right now with soaring gold prices. Finally, high gold prices means reflation. Many on Wall Street fear inflation, but reflation means companies are growing their earnings and prices are recovering. Cramer recommended the SPDR Gold Trust (ETF)(NYSE:GLD) for a play on higher gold prices. He said the GLD, which tracks the price of gold, is a better and safer bet than individual gold-miner stocks. He also gave the thumbs up to the Market Vectors Junio (GDXJ), a new gold ETF that focuses on the small to medium gold miners. The GDXJ just launched on Wednesday, and it allows shareholders to own 38 different medium and small gold and silver miners. Cramer said the fund could have more room to run than the Market Vectors Gold Miners (ETF)(NYSE:GDX), which tracks the larger gold miners. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!