After updating my MacOS I got this message:
rails -v
/System/Library/Frameworks/Ruby.framework/Versions/1.8/usr/lib/ruby/1.8/rubygems.rb:334:in `bin_path': can't find executable rails for rails-3.2.1 (Gem::Exception)
from /usr/bin/rails:19
$ sudo gem update rails
Updating installed gems
Updating coffee-rails
Successfully installed coffee-rails-3.2.2
Successfully installed activesupport-3.2.8
Successfully installed activemodel-3.2.8
Successfully installed rack-cache-1.2
Successfully installed journey-1.0.4
Successfully installed sprockets-2.1.3
Successfully installed actionpack-3.2.8
Updating jquery-rails
Successfully installed jquery-rails-2.1.1
Updating rails
Successfully installed activerecord-3.2.8
Successfully installed activeresource-3.2.8
Successfully installed mail-2.4.4
Successfully installed actionmailer-3.2.8
Successfully installed railties-3.2.8
Successfully installed rails-3.2.8
Updating sass-rails
Successfully installed sass-rails-3.2.5
Gems updated: coffee-rails, activesupport, activemodel, rack-cache, journey, sprockets, actionpack, jquery-rails, activerecord, activeresource, mail, actionmailer, railties, rails, sass-rails
Installing ri documentation for coffee-rails-3.2.2...
Installing ri documentation for activesupport-3.2.8...
Installing ri documentation for activemodel-3.2.8...
Installing ri documentation for rack-cache-1.2...
Installing ri documentation for journey-1.0.4...
Installing ri documentation for sprockets-2.1.3...
Installing ri documentation for actionpack-3.2.8...
Installing ri documentation for jquery-rails-2.1.1...
Installing ri documentation for activerecord-3.2.8...
Installing ri documentation for activeresource-3.2.8...
Installing ri documentation for mail-2.4.4...
Installing ri documentation for actionmailer-3.2.8...
Installing ri documentation for railties-3.2.8...
Installing ri documentation for rails-3.2.8...
Installing ri documentation for sass-rails-3.2.5...
Installing RDoc documentation for coffee-rails-3.2.2...
Installing RDoc documentation for activesupport-3.2.8...
Installing RDoc documentation for activemodel-3.2.8...
Installing RDoc documentation for rack-cache-1.2...
Installing RDoc documentation for journey-1.0.4...
Installing RDoc documentation for sprockets-2.1.3...
Installing RDoc documentation for actionpack-3.2.8...
Installing RDoc documentation for jquery-rails-2.1.1...
Installing RDoc documentation for activerecord-3.2.8...
Installing RDoc documentation for activeresource-3.2.8...
Installing RDoc documentation for mail-2.4.4...
Installing RDoc documentation for actionmailer-3.2.8...
Installing RDoc documentation for railties-3.2.8...
Installing RDoc documentation for rails-3.2.8...
Installing RDoc documentation for sass-rails-3.2.5...
$rails -v
Rails 3.2.8
So it all runs fine again.