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Fortune

Nick Lichtenberg

This Hong Kong billionaire invests 25% of his wealth in gold: ‘If you have the physical gold ... nobody owes you anything’

Gold Hong Kong Donald Trump Jeffrey Gundlach JPMorgan

(Credit: Justin Chin—Bloomberg/Getty Images)

Hong Kong billionaire Cheah Cheng Hye has quietly turned a quarter of his fortune into gold, betting that in an era of sanctions, seizures, and geopolitical shocks, nothing beats metal you can touch.

“If you have the physical gold in the warehouse or in your bank safe, nobody owes you anything,” he told Bloomberg News last week.

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