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JPM CEO: Holding Gold in Current Portfolio Semi-Rational
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JPMorgan CEO Jamie Dimon said that holding gold currently makes some sense, but he refused to comment on whether he believes gold is overvalued after setting multiple record highs, emphasizing that he is not a gold buyer, according to foreign media. The opportunity cost of holding gold is 4%, Dimon added. In this environment, gold prices could easily soar to US$5,000 or even US$10,000. This is one of the few times in his life where holding some gold in a portfolio is considered semi-rational. AASTOCKS Financial News Website: www.aastocks.com |
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