Editor’s Note
This article discusses the recent surge in gold and silver prices, highlighting the investment strategy of Hong Kong billionaire Cheah Cheng Hye. It is for informational purposes only and should not be considered financial advice.
Gold and silver have delivered spectacular returns so far. Gold is moving towards 1.5 lakh (Indian Rupees), while silver has crossed the 3 lakh mark.
A billionaire’s obsession with gold is currently a topic of discussion. This billionaire has invested a quarter of his wealth in gold. He is confident that gold will continue to rise with similar strength. Hong Kong billionaire Cheah Cheng Hye is known for value investing in Asia. His company, Value Partners, is among Asia’s largest fund and asset management companies. Cheah has been investing in gold for many years, and this investment has given him spectacular returns.
Billionaire Cheah Cheng Hye has invested about a quarter of his wealth in gold. This demonstrates his obsession with gold and his faith in this yellow metal. Cheah also advises others to invest in gold. According to Forbes, Cheah Cheng Hye’s net worth is $1.4 billion. He has invested about a quarter of this in gold. In an interview with Bloomberg News, the 71-year-old Cheah said:
Hong Kong billionaire Cheah Cheng Hye has been bullish on gold. However, his investment in gold in 2024 was significantly lower compared to the present. According to the UBS Global Family Office Report 2025, his average allocation to gold and precious metals in 2024 was a mere 2%. In Cheah’s view, an ideal portfolio should consist of 60% equity, 20% bonds, and 20% precious metals like gold. Those close to the billionaire reveal that his investment in precious metals began with a small bet in 2008. Gradually, he kept increasing his investment in gold. Currently, he has significant investments in gold bars, gold mining stocks, gold coins, as well as gold ETFs.
Cheah Cheng Hye has also changed his strategy regarding gold. He believes more in buying than selling because he feels that gold’s shine will always remain. In the interview, Cheah said:
Billionaire Cheah does not use derivatives or structured products and never borrows money for investment.
In the context of the Russia-Ukraine conflict and the Iran-US dispute, he said that the world is entering a large-scale ‘vault flight’ era. Wealthy Asian families are rapidly bringing money back into the commodity sector to protect themselves from US sanctions or potential asset seizures. Gold is a good way to store wealth. He said that if you have physical gold, no one can harm you. Billionaire Cheah Cheng Hye is also bullish on silver, whose price has skyrocketed at a record-breaking pace over the past year. On January 19, silver crossed the 3 lakh rupees per kilogram mark.
Cheah Cheng Hye is a former financial journalist from Malaysia. In 1993, he became the co-founder of Value Partners. This was the first asset management firm listed in Hong Kong, which reached $17 billion in assets under management by 2017. Cheah is also part of the board of Hong Kong Exchanges and Clearing Limited. Cheah Cheng Hye is very happy with his bet on gold. He says that the global situation has completely vindicated his bet. Geopolitical tensions are providing strength to gold and silver. It is worth noting that the price of gold on MCX is currently trading at 1,44,640 rupees per 10 grams. While silver has reached above 3 lakh.
