Why is ‘Asia’s Warren Buffett’ Loading Up on Gold?

Tony Sagami

If Warren Buffett accidentally revealed plans to move some of his billions into gold … would you follow his lead?

As far as I know, Mr. Buffett isn’t loading up on bullion … but Li Ka-shing, the "Warren Buffett of Asia," is buying all the gold he can get.

Li Ka-shing is a Hong Kong billionaire. As one of the most-successful business executives in Chinese history, he’s also called "Chiu Yan." That means "Superman."

This Chinese Superman is the wealthiest person in Asia. In fact, he is the wealthiest person of Chinese descent anywhere. With an estimated net worth of $27 billion, Forbes magazine ranks him as the 11th-richest person in the world.

Ka-shing’s fortune includes two massive global conglomerates: Cheung Kong and Hutchison Whampoa. He also has a $10 billion stake in Canadian oil giant Husky Energy and owns a controlling interest in the Panama Canal.

He probably can’t fly, but Li Ka-shing is a financial Superman — yet most Americans have never heard of him.

A True Rags-to-Riches Story

This humble schoolteacher’s son was born in 1928 in Chaozhou, a coastal city near Hong Kong. His father died when Li was only 15 years old. The young man dropped out of school and began working to support his family.

His first job was at a Hong Kong plastics company. Li worked hard 16 hours a day and learned quickly. He started his own plastics company, Cheung Kong Industries, in 1950.

Li’s business grew steadily. By 1979, Li had enough money to buy a controlling interest in Hutchison Whampoa. His business empire now includes banking, construction, real estate, plastics, cellular phones, satellite television, cement production, pharmacies, supermarkets, hotels, transportation, airports, electric power, steel production, ports, shipping, and even the ports at both ends of the Panama Canal.

Li Ka-shing, like Warren Buffett, knows value.

Scores of investors got richer simply through buying the stocks Warren Buffett picked for Berkshire Hathaway. The same "monkey-see-monkey-do" strategy can work just as well — if not better — with the Asian Warren Buffett.

What is Li Ka-shing buying now? He just partnered with Canadian Imperial Bank of Commerce to form CEF Holdings. Their new joint venture will acquire gold mining companies and other gold-related assets.

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    to achieve buying bullion or even gold stocks!

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Mr. Li’s timing could be excellent …

Gold is down about 16% so far this year and 27% below its record-setting September 2011 high of $1,921. The bullion price is on track to post its first annual decline since 2000.

Interestingly, famous hedge fund investors like John Paulson and George Soros have been selling gold shares. On the opposite end of the gold spectrum, Li Ka-shing and his partners see an opportunity.

"I was a little uncomfortable making investment in gold at US$1,700 and US$1,800 an ounce … The correction we’ve had this year from my perspective is great because we can hopefully fulfill that objective of making some gold investments," said Warren Gilman, the CEO of the joint venture.

Long known as an inflation hedge, gold is now a way to hedge the falling U.S. dollar, too.

All the old rules about gold could change as central bankers all over the world race to see who can print the most money.

Gold is now a hedge against catastrophe — valuable insurance if the world goes militarily, politically or economically haywire. The Syria crisis shows the quagmire our world could soon find itself in.

What can you do? You may not have the same golden touch as Warren Buffett and Li Ka-shing, but you don’t need it. You just need to be smart enough to watch and learn from them.

If Li Ka-shing is right, adding gold to your portfolio now could make you a bundle!

Best wishes,

Tony

P.S. After many months of going nowhere, gold is finally showing some signs of life. But don’t buy bullion, gold stocks or even ETFs until you first watch this urgent gold presentation.

Your thoughts on “Why is ‘Asia’s Warren Buffett’ Loading Up on Gold?”

  1. Found your comments on Asia, especially Thailand, very interesting. Have some Thai in my family. As for restaurants, try the Bai Tong near entrance to SEATAC on International Blvd. Popular with the Thai air crews. In LA/Hollywood, the Palms, one block West of the 101 fwy and Hollywood Bl., can’t be beat. It also has a Thai singer in evenings, who has won several Elvis impression awards. He also sings country/western and Thai. But its the menu! wow,

    Keep up the reporting, I read it all

    Dav

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