Jamie Dimon isn’t a fan of gold as an investment, but with the asset at record prices, he said adding it to your portfolio might actually make sense right now.
Gold, sought after by investors as a hedge against inflation and volatility, hit a record high of $4,201 per troy ounce Wednesday and is up about 59% on the year. Speaking at the Fortune Most Powerful Women Summit this week, the JPMorgan Chase chairman and CEO said the price could go up even more, based on the current state of the market.
