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.
Asia has more billionaires than any other continent, a survey by a China-based wealth magazine showed on Thursday, apparently overtaking North America for the first time. There were 1,453 people around the world with a personal wealth of $1 billion or more as of January, said the Hurun Report, a luxury magazine publisher that compiled the list.
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.
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 [...]
Hong Kong (AFP) - Shares in two of Hong Kong's biggest firms, both owned by the city's richest person Li Ka-shing, surged on Monday after announcing a multi-billion-dollar revamp of his vast business empire.