JPMorgan Chase CEO Jamie Dimon said it’s now “semi-rational” for investors to hold gold, acknowledging that the metal’s appeal has strengthened amid today’s uncertain market backdrop.
Speaking at Fortune’s Most Powerful Women conference in Washington, Dimon said there is “some logic” in owning gold even after its sharp rally, though he stopped short of calling it cheap or expensive. “I’m not a gold buyer — it costs 4% to own it,” he said. “But it could easily go to $5,000 or $10,000 in environments like this. This is one of the few times in my life it’s semi-rational to have some in your portfolio.”
Dimon added that asset prices generally look elevated, warning that valuations “are kind of high across almost everything at this point,” a remark that reflects his broader caution toward risk assets despite resilient markets.
