JP Morgan CEO: Holding gold in a portfolio is a "semi-rational choice," as asset prices are generally high.

Jamie Dimon, CEO of JPMorgan Chase, said that he believes holding gold makes sense, but he is not sure if gold is overvalued after experiencing historic increases. Dimon said on Tuesday, "I am not a fan of buying gold - the cost of holding gold is 4%. In this environment, gold prices could easily rise to $5000, $10000. This is one of the few times in my life where holding some gold in a portfolio is semi-rational." Two years ago, gold prices were still below $2000 per ounce, but since the turn of the century, they have outperformed the stock market. This reflects investors' demand for safe-haven assets amid inflation concerns and geopolitical turmoil. On Tuesday, gold prices continued to rise strongly, up 0.8% to $4142.94 per ounce, with a year-to-date increase of 58%. Dimon said, "Asset prices are indeed elevated. And in my view, this is almost affecting all areas." Last week, Ken Griffin, CEO of Citadel, a asset management company, said that investors are starting to see gold as a safer investment choice than the US dollar, calling the situation "very concerning."