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Jamie Dimon hates gold as a hedge/investment as gold smashes through $4200/ounce
Posted on 10/15/25 at 10:38 am
Posted on 10/15/25 at 10:38 am
War Room just played a clip of Dimon (CEO of JP Morgan) speaking with a women's group. The lady who was hosting the event asked Dimon his thoughts about owning gold. Dimon answered, paraphrased, normally I don't like gold as a hedge/investment but it would not be an irrational decision to be buying gold in the present economic and fiscal environment in the US and around the globe. Dimon then added gold could hit $5k-10k/ounce in the not too distant future.
The concern Dimon and other power brokers in banking and finance fear is the USD being dethroned as the prime reserve currency. These people understand if the debasement of the USD continues and US government continues to fuel the current debt spiral with $2 trillion dollar annual deficits their fear of the USD being supplanted by other currencies and assets is a real possibility.
Keep an eye open for a failed treasury auction in the next few years, if that occurs?
The concern Dimon and other power brokers in banking and finance fear is the USD being dethroned as the prime reserve currency. These people understand if the debasement of the USD continues and US government continues to fuel the current debt spiral with $2 trillion dollar annual deficits their fear of the USD being supplanted by other currencies and assets is a real possibility.
Keep an eye open for a failed treasury auction in the next few years, if that occurs?
This post was edited on 10/15/25 at 10:43 am
5
Posted on 10/15/25 at 10:59 am to Bass Tiger
quote:
Keep an eye open for a failed treasury auction in the next few years, if that occurs?
Correlation but not causation. Gold's jump is a canary in the coal mine that investors are starting to get nervous about the value of the Dollar in light of the continuing insane amounts of debt being heaped upon it.
Part of that nervousness is expressed by auctions needing larger tails (yields) in order to sell debt. Of the last 20 auctions, the average tail has been ~+.9 (which is right in the middle of the normal range of 0-2). Of the last 50, it's ~1.7. For the last 200 it's ~1.9.
In other words, we aren't there yet but unless something changes with federal deficit spending soon... we will be.
Posted on 10/15/25 at 11:01 am to Bard
I can’t afford to buy enough gold from Birch or whomever to make it a hedge for me.
Posted on 10/15/25 at 11:04 am to Bass Tiger
Of course a financial market guy is going to hate gold. If people bought gold then that is less money for them to spend on whatever he is selling. However a wise person doesn’t listen to what the market people say on tv and has a diverse portfolio which includes precious metals, land, stocks, etc.
Posted on 10/15/25 at 11:14 am to WeeWee
Jamie Dimon doesn’t say anything that isn’t in the best interest of Jamie Dimon.
Posted on 10/15/25 at 11:16 am to navy
quote:
I can’t afford to buy enough gold from Birch or whomever to make it a hedge for me.
Every little bit helps. I've bought at .1 oz per buy over the years.
This post was edited on 10/15/25 at 11:56 am
Posted on 10/15/25 at 11:20 am to Bard
isn't jamie dimon's bank one of the largest holders of silver in the world? i suspect he is a metals price manipulator.
Posted on 10/15/25 at 11:38 am to WeeWee
quote:
Of course a financial market guy is going to hate gold. If people bought gold then that is less money for them to spend on whatever he is selling. However a wise person doesn’t listen to what the market people say on tv and has a diverse portfolio which includes precious metals, land, stocks, etc.
More and more Americans who have accumulated wealth have been moving to hard assets since the Financial Meltdown of 2008-2009 and the move to hard assets has really ramped up over the past 4-5 years.
Posted on 10/15/25 at 11:45 am to navy
quote:
I can’t afford to buy enough gold from Birch or whomever to make it a hedge for me.
At $4200/ounce gold seems high but if the USD is dethroned in the next few years $4200/ounce may seem like a bargain.
I've been pondering what events could cause a real and lasting pullback in gold and the only thing I can think of that would cause gold to make a serious retreat is low inflation coupled with the US government adhering to a balanced budget amendment and then the subsequent long road of paying down of US government debt.
I doubt this^^^ happens but we can always hope and pray.
Posted on 10/15/25 at 12:07 pm to texas tortilla
quote:
isn't jamie dimon's bank one of the largest holders of silver in the world? i suspect he is a metals price manipulator.
Possibly. There has absolutely been manipulation in the silver market, but that manipulation has had less and less impact as gold's price climb puts it out of reach for an increasing number of investors.
Silver is now up ~45% YTD while gold is up "only" 38%.
Posted on 10/15/25 at 12:13 pm to Bass Tiger
quote:
low inflation coupled with the US government adhering to a balanced budget amendment and then the subsequent long road of paying down of US government debt.
Cutting enough spending to start paying down the debt would create a recession, possibly a depression. That would create a jump in unemployment enough that we would see a jump in bankruptcy filings as consumers carrying large non-mortgage debt loads month to month suddenly found themselves unable to service 20%+ interest rates.
That sort of large-scale, drastic change would create sudden surpluses as GDP's growth has been anywhere from primarily to solely dependent on continued debt growth (both public and private) for at least the last 5 years. Without access to credit (due to bankruptcy), consumer spending falls off a cliff creating deflation.
Posted on 10/15/25 at 12:18 pm to texas tortilla
quote:
i suspect he is a metals price manipulator.
Yep. The good thing is that it gets harder to manipulate it with London and Shanghai markets being sold out. When Dimon and his ilk manipulate silver down, Shanghai buys it. Whatever they can get.
Posted on 10/15/25 at 12:19 pm to Bass Tiger
quote:
Jamie Dimon hates gold as a hedge/investment as gold smashes through $4200/ounce
quote:
normally I don't like gold as a hedge/investment but it would not be an irrational decision to be buying gold in the present economic and fiscal environment in the US and around the globe. Dimon then added gold could hit $5k-10k/ounce in the not too distant future.
One of these things is not like the other.
quote:What fiat would replace it?
the USD being dethroned as the prime reserve currency.
quote:Truth. The transition to fiscal dominance could be painfully fast, and would devastate folks on standard salary or fixed income
Keep an eye open for a failed treasury auction in the next few years
Posted on 10/15/25 at 12:23 pm to Bass Tiger
quote:
Jamie Dimon hates gold as a hedge/investment as gold smashes through $4200/ounce
1. Jamie Dimon is a POS
2. Sure he does. That gives people an alternative to something he isn't in control of.
Posted on 10/15/25 at 12:26 pm to Bass Tiger
Dimon also publicly hated Bitcoin and then we found out they were buying the whole time he was trashing it. After his change of heart, it reached new highs.
Funny how that works.
Funny how that works.
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