TechFlow news, October 15 — According to Jinshi Data, JPMorgan CEO Dimon said he believes there is some logic in holding gold, but declined to comment on whether gold is overvalued after its historic surge. Dimon said: "I'm not a buyer of gold—it costs 4% to hold it. But in an environment like today's, it could easily go to $5,000, $10,000. This is one of the few times in my life when holding some gold in a portfolio feels 'semi-reasonable.'" Dimon added that "asset prices are generally high," noting that "in my mind, this touches almost every asset class." Last week, Citadel founder Griffin said investors are beginning to view gold as safer than the dollar, calling this development "truly concerning."
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