At Macau hotel, gold bricks became too valuable for mere ostentation
Submitted by admin on Fri, 2026-02-06 13:11 Section: Daily DispatchesMacau’s Grand Emperor Hotel Rips Up Lobby Floor to Sell Off Gold Bricks
By Alastair McCready
The Guardian, London
Thursday, February 5, 2026
The Grand Emperor hotel in Macau has ripped up and sold the gold bricks lining its lobby floor, earning nearly $13 million (L9.6 million) amid a rise in the metal's value due to turbulent geopolitical conditions.
The hotel, which opened in 2006, is known for its opulent decor including a "golden pathway" featuring dozens of gold bars in its entranceway.
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Alasdair Macleod: Stackers smiling, traders trounced
Submitted by admin on Fri, 2026-02-06 11:48 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, February 6, 2026
The disconnection between physical reality and derivative volatility became obvious in gold and silver pricing this week. No silver? No matter. Futures carry on regardless.
This week has seen price instability in gold and particularly silver. This morning in European trade gold was $4875, up $210 from last Friday’s close and silver at $73.80 is down $11.60 having been as high as $92 on Wednesday.
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Last week's metals smash was an official intervention in futures, Maguire tells LFTV
Submitted by admin on Fri, 2026-02-06 11:40 Section: Daily Dispatches11:40a ET Friday, February 6, 2026
Dear Friend of GATA and Gold:
Last week's smash in Western silver futures prices was an official intervention that did not reduce demand for actual metal, whose price in China remains far higher than the price in the West, London metals trader Andrew Maguire tells this week's edition of Kinesis Money's "Live from the Vault" program.
Silver shortages are worsening and futures raids like this one encourage physical demand, Maguire says, adding, "Fundamentally, nothing has changed."
'Asian Guy' AI bot on YouTube manipulates and spooks investors with false claims
Submitted by admin on Thu, 2026-02-05 12:32 Section: Daily DispatchesBy Joshua D. Glawson
Money Metals News Service, Eagle, Idaho
Thursday, February 5, 2026
There is a new viral trend on YouTube and social media of an "Asian Guy" generated by artificial intelligence tools, spreading mostly false or misleading information across the precious metals industry.
At this point you might ask yourself: If it is obviously AI, why are so many people falling for it?
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Gold's center of gravity is moving from West to East
Submitted by admin on Thu, 2026-02-05 09:59 Section: Daily DispatchesBy Jan Krikke
Asia Times, Richmond, British Columbia, Canada
Thursday, February 5, 2026
For decades London reigned supreme in the global gold market. Its vast over-the-counter system, built on unallocated accounts, netted trades, and trust in paper claims set benchmarks and kept most bullion circulating as a financial instrument rather than plain physical metal.
Chinese trader who made $3 billion on gold bets big against silver
Submitted by admin on Thu, 2026-02-05 09:52 Section: Daily DispatchesBy Alfred Cang and Jin Wu
Bloomberg News
via National Post / Financial Post, Toronto
Thursday, February 5, 2026
A billionaire Chinese trader who made his name riding gold's record-breaking rally has turned his sights to silver's breakneck surge, with a bet on the metal’s collapse now worth almost US$300 million.
Bian Ximing, who avoids the limelight and spends much of his time in Gibraltar, has made nearly US$3 billion from bullish bets on Shanghai Futures Exchange gold contracts since early 2022.
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