Hong Kong billionaire Cheah Hye puts quarter of his wealth in gold

Hong Kong billionaire Cheah Cheng Hye put nearly a quarter of his personal wealth into gold, reported Bloomberg. Hye said, "I bought precious metals, didn't trade them...considered them part of my lifetime savings." Hye began investing in gold in 2008, said people familiar with the matter. Hye's investment resulted in $251.1 million, or 167% gains over time, they added.