Core Viewpoint - The article highlights the investment strategy of Cheung Hai, known as the "Hong Kong Buffett," who allocates a significant portion of his wealth to gold, far exceeding the average allocation among peers, and adheres to a "buy and hold" strategy [1][4]. Group 1: Investment Strategy - Cheung Hai has allocated approximately 25% of his family office assets, totaling around $1.4 billion, to precious metals, while the average allocation in global family offices is only 2% [1][4]. - His investment in precious metals began with small amounts in 2008, leading to substantial investments in physical gold ETFs, resulting in cumulative gains of $251.1 million and a 167% increase over ten years [2][4]. - He recommends a portfolio composition of 60% stocks, 20% bonds, and 20% precious metals, primarily gold, citing geopolitical tensions as a driving force for gold and silver prices [3][4]. Group 2: Market Insights - Cheung Hai's investments are supported by historical highs in metals like gold, silver, copper, and tin, driven by anticipated monetary easing from the Federal Reserve and geopolitical tensions [3][8]. - He emphasizes the importance of physical gold storage, especially in light of recent geopolitical events, suggesting that it serves as a secure asset against potential sanctions or asset seizures [7][8]. - The article notes that silver has seen a significant price increase, doubling in value over the past year, which has attracted interest from various Asian family offices [8].

Core Viewpoint - The article highlights the investment strategy of Cheung Hai, known as the "Hong Kong Buffett," who allocates a significant portion of his wealth to gold, far exceeding the average allocation among peers, and adheres to a "buy and hold" strategy without trading or using derivatives [1][2]. Group 1: Investment Strategy - Cheung Hai has allocated approximately 25% of his family office assets, totaling around $1.4 billion, to precious metals, particularly gold, while the average allocation among family offices is only 2% [1][2]. - His investment in precious metals began with small amounts in 2008, leading to substantial purchases of physical gold ETFs ten years later, resulting in cumulative gains of $251.1 million and a growth rate of 167% [1][2]. - He recommends an investment portfolio consisting of 60% stocks, 20% bonds, and 20% precious metals, primarily gold, citing geopolitical tensions as a driving force for gold and silver [1][2]. Group 2: Historical Context and Performance - Cheung Hai's significant gold purchases were funded by selling shares of his company, Wei Li Group, before a major market correction in 2015 [4]. - He launched the Value Gold ETF in 2010, storing physical gold in Hong Kong, and remains the largest shareholder of the fund, valued at approximately HKD 1.3 billion ($167 million) [4]. - The prices of gold, silver, copper, and tin reached historical highs in early 2026, driven by anticipated easing policies from the Federal Reserve, political pressures from the Trump administration, and ongoing geopolitical tensions [1][4]. Group 3: Market Trends and Insights - Cheung Hai believes that the world is entering a period of large-scale "vault migration," with wealthy Asian families increasingly moving their assets back to the region to avoid U.S. sanctions or potential asset seizures [4]. - He emphasizes that owning physical gold is a secure way to store wealth, as it does not rely on any third party [4][5]. - The article notes that some Asian family offices are bypassing intermediaries to trade physical gold directly, reflecting a growing trend in precious metal investments [5].

Group 1 - Cheah Cheng Hye, a prominent figure in Asian value investing, is significantly increasing his investment in gold, suggesting that investors should do the same [1] - Cheah's family office, managing $1.4 billion, has allocated about 25% of its assets to precious metals, up from 15% a year ago [1] - Despite gold prices reaching historical highs, Cheah's bullish stance on gold sets him apart from other ultra-high-net-worth investors, as UBS reports an average allocation of only 2% to gold and precious metals among family offices for 2024 [1] Group 2 - Cheah's investment in precious metals began with small amounts in 2008, leading to substantial investments in physical gold ETFs, yielding a total return of $251.1 million, a 167% increase [2] - The rise in metal prices, including gold and silver, has been driven by anticipated Federal Reserve easing policies, political pressures from the Trump administration, and geopolitical tensions [2] - Wealthy Asian families are increasingly reallocating funds back to the region to avoid U.S. sanctions or potential asset confiscation risks, with gold seen as a secure method for wealth storage [2] Group 3 - Cheah emphasizes the advantages of purchasing physical gold over paper gold, stating that physical gold stored in warehouses or bank vaults ensures ownership [5] - He has a significant investment in silver, which has seen a price increase of nearly three times over the past year, outpacing gold's growth [5] - Cheah co-founded Value Partners in 1993, which became the first asset management company listed in Hong Kong, reaching an asset management peak of $17 billion in 2017 [5] Group 4 - Cheah's substantial gold purchases were initiated from funds generated by reducing his stake in Value Partners before a market downturn in 2015 [8] - He launched the Value Gold ETF in 2010, storing physical gold in Hong Kong airport due to dissatisfaction with Western storage methods [8] - Cheah believes that geopolitical factors, such as tensions in Venezuela and the Russia-Ukraine conflict, are driving increasing demand for gold and silver, validating his investment strategy [8]