""It could easily go to $5,000 or $10,000 in environments like this," he said."
""I'm not a gold buyer,""
""it costs 4% to own it,""
""This is one of the few times in my life, it's semi-rational to have some in your portfolio," he said."
Gold reached a record high of $4,201 per troy ounce and is up about 59% year-to-date. Jamie Dimon said the price could rise further, potentially to $5,000 or $10,000 in certain environments. Dimon noted he is not a regular gold buyer and that it costs about 4% to own, but he said current market conditions make holding some gold reasonable. Typical investor guidance has been around 5% allocated to gold, though some figures such as Ray Dalio's 15% recommendation have been higher. Some market leaders have expressed concern about gold's rapid ascent as a sign of economic anxiety.
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