""If you have the physical gold in the warehouse or in your bank safe, nobody owes you anything," he told Bloomberg News last week."
""While he didn't confirm his family office's performance and holdings, a source told Bloomberg that precious metals make up about 25% of the $1.4 billion portfolio.""
""Nevertheless, the billionaire urged investors to rethink their mix altogether, advocating a portfolio split of 60% equities, 20% bonds, and 20% precious metals, led by gold.""
""As Fortune's Jim Edwards noted shortly before this new milestone, the Trump \"TACO trade\" has been driving up the price of gold as central banks hoard bullion to hedge against the dollar.""
Cheah Cheng Hye shifted about 25% of his assets into physical gold as a hedge against sanctions, asset seizures, and geopolitical shocks. A source indicated precious metals represent roughly 25% of his $1.4 billion family office portfolio. He recommends a portfolio allocation of 60% equities, 20% bonds, and 20% precious metals, with gold emphasized. The move followed a 2025 gold boom and preceded a new record above $5,000 per ounce on Jan. 24. Central banks hoarding bullion and America-focused 'TACO trade' dynamics have driven prices higher, while JPMorgan warned further gains if foreign investors reduce Treasury holdings.
Read at Fortune
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