00:00 Speaker A
This crypto platform buys gold like a central bank.
00:03 Speaker A
And for the very same reasons. Of course, we are talking about Tether. Tether reportedly purchased more than 27 metric tons of gold during the first half of 2026,
00:10 Speaker A
bringing their total owned gold up to 146 tons. Now, what I found interesting, only China, Poland and Uzbekistan reportedly bought more among actual central banks.
00:19 Speaker A
And Tether’s buying was the same as Kazakhstan. So I got a picture of Kazakhstan Central banker.
00:25 Speaker A
Very nice, great success.
00:27 Speaker A
That should be Paolo Ardoino from Tether. I should have made him the meme.
00:30 Speaker A
Same amount as Kazakhstan. My wife.
00:33 Speaker A
She she nice.
00:35 Speaker A
He’s so good.
00:36 Speaker A
We need Borat back. Don’t you guys think? But listen, like, uh, you know,
00:40 Speaker A
Tether makes most of their money by collecting money from people, minting Tether, then taking the money they collected collected and putting it into short-term treasuries.
00:50 Speaker A
Right? Yields are high, 4 or 5%, they make billions of dollars with like 100 employees or less.
00:54 Speaker A
One of the most successful businesses on the planet. Well, it makes sense for them to diversify their own treasury assets,
01:00 Speaker A
right? Not to back tether, but their own treasury assets. They buy Bitcoin, they make investments, they buy gold and to put their money where their mouth is. But this is the same thing we’re seeing as central banks all around the world.
01:07 Speaker A
They’re not a central bank because they’re obviously not issuing their own currency, they’re just issuing a digital version of the dollar and other currencies.
01:14 Speaker A
But they’re buying this as a hedge against the same insanity that uh comes from central banks all around the world.
01:21 Speaker A
Very nice. Great success.
01:24 Speaker A
Great success.