If American households start to see that it is an essential hedge against inflation and devaluation of the greenback, then the sky is the limit
WALL Street has finally capitulated to gold’s record-breaking run.
JPMorgan Chase chief executive officer Jamie Dimon’s reluctant endorsement was the inflexion point.
“This is one of the few times in my life it’s semi-rational to have some in your portfolio,” said Dimon, adding that he was not a buyer, because “it costs 4 per cent to own it”, referring to what he could have earned in money markets instead.
