Silver Rises Over 120% YTD 
Asia’s richest families are taking a hands-on approach to gold, running operations more like 19th-century trading houses than passive investors. Multi-family offices and dealers such as Cavendish Investment Corp., J. Rotbart & Co., and Goldstrom are sourcing gold from African mines, refining it in Hong Kong, and selling it to Asian and Chinese buyers for premiums. High geopolitical tensions, inflation fears, and a weaker US dollar are fueling demand, with wealthy investors in Hong Kong and mainland China sharply increasing their gold allocations. Beyond trading, some are leasing gold for steady returns, engaging in cross-market arbitrage, or using it as collateral. However, compliance challenges, supply risks, and soaring prices could slow the frenzy within the next year.
News
How Warsh’s Inflation Measure Could Move the Gold Price
The incoming Fed Chair wants to change how inflation is measured. That single shift — from core PCE to trimmed mean — could reopen the path to rate cuts and compress the real yields that drive gold.
April 30, 2026
