Billionaire Families Flocking to Gold As Currency Debasement Hits ‘Out of Control’ Levels: Report

Billionaire families in Asia are reportedly pouring their wealth into gold as concerns over local currency debasement rise.

According to a new Bloomberg report, investment allocations in gold are soaring in the region among the ultra wealthy as some family offices in Asia are now financing, shipping and buying and selling bullion.

Says Quentin Mai, CEO of mining exploration company West Point Gold,

“The hedge against the Hong Kong dollar is actually getting physical metal gold because Hong Kong is basically out of control of its own currency.”

According to a 2025 HSBC survey, wealthy investors in Hong Kong have more than doubled their allocation to the precious metal in just one year. On the mainland, 15% of portfolios are allocated to gold, up from 7% a year ago, says the survey of 10,000 wealthy investors in 12 markets.

The appetite for gold is growing due to several factors, including wars, inflation, central bank actions and uncertainty over President Donald Trump’s tariff policies, according to Bloomberg.

Says Patrick Tuohy, executive director at precious metals trader Goldstrom,

“Anywhere you go in Asia, everyone buys gold in much larger proportions than they do in the West. People hold gold because they know they can always liquidate it on a rainy day.”

Amid high investor interest, banks are predicting gold’s rally will continue for a while.

Deutsche Bank predicts gold will reach an average of $3,700 an ounce in 2026, while Goldman Sachs expects gold to hit $4,000.

Source: Bloomberg

Gold is trading for about $3,362 per ounce at time of writing.

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