How to get rich with commodities and gold

Billionaire commodities trader Jamie Dimon said Tuesday that commodities prices have become so expensive that he is selling his entire business to get ahead.

Dimon, the head of JPMorgan Chase & Co., said in an interview with CNBC’s “Squawk Box” that he would be selling off most of his holdings in gold, silver, and platinum, which make up about half of his business.

He said he would give up all his stock options, as well as his options on his gold-mining company.

“Gold and silver are the absolute gold standard.

They’re the only gold that exists.

It’s the only commodity that can make money,” Dimon told CNBC’s Larry Kudlow.

Gold prices have risen more than 1,000 percent over the past year and gold prices are now over $1,200 an ounce.

Dimon’s company, Global Gold Corporation, has produced about $400 billion worth of gold in the past decade, he said.

The average price of a barrel of American gold at the end of June was $1.2536.

Gold futures were up about $1 at $1,,527.52 an ounce in New York, according to FactSet.

Silver prices rose about $2 at $9.20 an ounce, while copper was up about 1.7 percent at $3.10 an ounce as well.

The gold and silver market is currently on a tear, with gold trading at an all-time high of $1.,099 an ounce and silver prices at $2,566 an ounce — the highest price in more than 20 years.