00:00J.P. Morgan's chairman, Jamie Dimon,
00:05he said that the speed of the sun is actually a bubble.
00:09He said that it is not real. How are you keeping this deal with this?
00:14Yes, internationally, the price is 44% up and the domestic market is 48% up.
00:21So anything which rises erratically 40-50%
00:26So the asset class means that it is in a bubble.
00:30But if you talk about gold, it is a tangible asset.
00:33It is an intrinsic value itself.
00:35And the rally is supported by strong fundamentals.
00:39Record central bank purchases in this year.
00:43Safe market demand, geopolitical uncertainty.
00:48The rupee depreciation has supported.
00:50Dollar weakness has supported.
00:53So all these factors have supported the prices.
00:56And if you compare it with the other bubbles,
00:59like the tech bubble in 2000,
01:02or the housing bubble in 2008,
01:05this rally is very different.
01:07I don't think it is in a bubble, the market.
01:10And there are a lot of structural drivers
01:12who are taking the rally on the side.
01:15Sovereign debt crisis is running.
01:17There are also fiscal concerns.
01:19And there are a lot of inflation in the US.
01:22This is why it is safe and demand.
01:25And this is justifiable.
01:27These are the factors.
01:28So I don't think it is a bubble.
01:30In fact, it is a healthy bull market that is going on.
01:34So this is a healthy bull market.
01:36This is not a bubble.
01:37Because this is a value of its own.
01:39the value of it.
01:40In this case, the demand is fake, but in this case, the central banks are buying and storing
01:49their reserves, which is increasing.
01:52The dollar is increasing.
01:55The geopolitical situation is not necessary.
01:58The day-to-day is bad.
02:00We are trying to wait for Trump to become a peacemaker.
02:03But we are trying to wait for a little bit.
02:06That's why we are increasing.
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