Submitted by Simon Black of Sovereign Man blog, Here’s a guy you want to bet on– Li Ka-Shing. Li is reportedly the richest person in Asia with a net worth well in excess of $30 billion, much of which he made being a shrewd property investor. Li Ka-Shing was investing in mainland China back in the early 90s, way back before it became the trendy thing to do. Now, Li wants out of China. All of it.
Today’s AM fix was USD 1,403.75, EUR 1,065.63 and GBP 899.67 per ounce.Yesterday’s AM fix was USD 1,391.25, EUR 1,056.06 and GBP 893.09 per ounce. Gold climbed $17.50 or 1.26% yesterday, closing at $1,411.80/oz. Silver surged $0.83 or 3.54%, closing at $24.26. Platinum rose $18.60 or 1.2% to $1,532.80/oz, while palladium inched up $2.97 or 0.4% to $715.47/oz just before the close. A short and concise history of the gold price. Click here to download your free copy.
Mainland China, which boasts the largest economy in Asia, can now also call itself home to the region’s richest man. Wang Jianlin, chairman of the Dalian Wanda Group, has become Asia’s wealthiest individual with a fortune of $36.2 billion, compared with outgoing No.1 Li Ka-shing’s $34.1 billion, according to new estimates [...]