Transcription
So, there's a former nuclear bunker in Switzerland that's being quietly filled with gold. I'm talking about hundreds of thousands of ounces.
Now, at first, I assumed it was a central bank behind this because who else buys gold at that scale? But it turns out it's a private company, but not just any company. One whose entire business depends on people trusting the US dollar, which is strange enough. But it gets stranger.
This company is also one of the largest US Treasury debt holders on Earth, larger than Germany, Israel or Saudi Arabia, which means they are simultaneously buying the asset that backs the dollar and the asset that people run to when confidence and currencies collapse. Which is when I realized the question isn't why are they buying so much gold, it's what do they know about what's coming next that we don't.
The company is called Tether, and despite being virtually unknown to most Americans, it has quickly become the most important dollar business in the world. With more than 120 million people in over 160 countries using it to save, spend, and in some cases even escape the collapse of their own currencies.
Now, every digital dollar that Tether issues is backed by a reserve. The majority of those reserves being US treasuries, which is how Tether has become the 17th largest holder of US government debt in the world, which is also why what Tether is doing with their profits is worth paying attention to.
So last year, something in Washington changed that connects all of this. The Genius Act was signed into law. Now, most of the news coverage focused on how this impacted crypto, but US Treasury Secretary Scott Besson said something that stood out to me. He described stable coins, which Tether is a type of, as the future for demand of US debt.
See, under the Genius Act, any stable coin that's issued for a digital dollar had to be backed by US treasuries or treasury like assets. Meaning every time Tether issues a dollar stable coin, there is an equal demand for US DEP being created. But this isn't just some small potato story. It's a big deal.
Right now, the stable coin market is worth roughly $300 billion. And forecasts predict that by the end of the decade, it could be worth 2 to 4 trillion. See, for decades, the US has relied on foreign governments and central banks to be the largest buyers of US debt. But then something changed. US treasuries have been selling off and instead these central banks have been moving into physical gold at a time when the US needs buyers more than ever.
See, the US isn't just borrowing money anymore. It's borrowing money to pay the interest on money it's already borrowed. And to keep up with that, that's where you need constant buyers. But as these buyers leave, analysts have been asking who is going to buy the debt, which is where stable coins have become a lifeline for the future of the dollar. And at the center of it all is Tether.
Okay, so here's the math. Tether holds roughly $125 billion, give or take, of US treasuries right now. That's all debt that the US has to pay interest on. Interest that is pure profit in Tether's pocket. Now, at current rates, we could be looking at upwards of 13 billion a year that Tether's getting just from the interest on the debt it holds. But where is all that profit going? Into gold.
We're talking about physical gold bars, not ETFs, not some kind of futures contract, but the real deal bought and paid for and shipped to a nuclear bunker in Switzerland that their very own CEO has described as a quote James Bond kind of place. Which makes sense because they hold over 150 tons of physical gold which puts them in the top 30 gold holders in the entire world more than the central banks of Australia or the UAE.
Now to be fair, Tether does have their own goldbacked digital token, meaning a digital token backed by physical gold. And some would argue that all these gold purchases are being done just to support that arm of the business. But the more I researched this, the harder it became to dismiss as just supporting their token. Because Tether is not just buying physical gold. They're investing in gold infrastructure, gold distribution. And it's not just the amount that they own, but the speed at which they're acquiring it.
In 2025 alone, Tether bought more gold than any other nation on Earth besides Poland. Think about that. A company whose sole existence is reliant on the dollar's success. The dollar's buy and confidence in the dollar and is closely tied to those in positions of power here in the US is buying more gold than the entire sovereign world. Why?
Before I share my thoughts, tell me your theories in the comments below. I want to hear from you. Now, when questioned about this, their CEO answered that their gold strategy exists not to support their gold token, but a direct quote, to remove ambiguity at a time when competence of the monetary system is weakening. The person running the world's largest dollar operation, the supposed lifeline and future of the dollar, just came out and said that the monetary system is weakening. A system where the dollar is the foundation of it.
So, what does Tether know? What do the people specifically closest to the system know about what's coming next that the rest of us don't? Well, the more I started to dig into Tether and who is connected to it, I quickly realized that those who were managing the reserves, writing the rules, and running the US expansion were all deeply tied to our current political and financial system.
Tether's reserves. They aren't managed by some obscure financial organization. They're managed by Caner Fitzgerald, one of the primary brokers that sits close to the US Treasury and one of the few institutions that's authorized to trade directly with the Federal Reserve itself. Now Howard Leutnneck was the head of Caner Fitzgerald, but he left to become the US Secretary of Commerce, which is a role that oversees everything from business and trade to technology to national security, leaving Fitzgerald behind to be run by his two sons.
Then you have Bo Hines, who helped shape the Genius Act, the very act that's supposed to save the dollar from inside the White House, now is running Tether's US operations. The people building the rules, managing the operations, they are increasingly overlapping. And whether you think that's a good thing or a bad thing isn't really the point I'm trying to make. The point is that these people who are making these decisions at Tether, they aren't outsiders. In fact, they are insiders who have a very specific view of the dollar system, the debt crisis, and what the bigger plan could be.
Which brings us back to the question we started with. Why is Tether buying so much gold? Because this ultimately isn't a story about Tether. It's a story about your retirement account, your savings account, your annuity, your pension, everything that lives inside of the dollar denominated system. If every dollar denominated asset ultimately sits on top of the US Treasury market and the company at the center who's responsible for saving the US Treasury market is taking every dollar they earn and investing it into physical gold. What does that tell you about what they could be planning next?
Last year, I reported on a US devaluation scheme where Russia blew the whistle on the US following the passing of the Genius Act. Vladimir Putin's senior adviser, Anton Kobikov, came out and said that the US was planning to push stable coin adoption onto the rest of the world and once they had global buyin would turn around and devalue it.
>> America is trying to change the rules in the gold and cryptocurrency markets. Remember how much debt they have? $35 trillion driving everyone where into the cryptocurrency cloud. Right now they have a $35 trillion currency debt. They move it into crypto into the cloud, devalue it, and start from scratch. >>
Once enough of the US debt was pushed out into stable coins, that's when the US could do a global rugpull. See, stable coins, which includes Tether, gets their name by being a stable asset. Essentially, one stable coin is pegged to a real asset that gives it its stable value. In the case of Tether dollars, we're talking about one US dollar is back to $1 worth of US Treasury asset. But in the future, let's say that Tether, what the US government behind them decides to devalue. Suddenly, this over here is only worth 50 cents to every $1 of US Treasury asset. That would mean everyone holding stable coins would have their wealth devalued by 50% overnight.
But here's the kicker. Even if you don't touch stable coins, you would still pay the price. The entire dollar system would be impacted. Everyone holding any kind of dollar denominated asset would have their wealth devalued. We're talking about your savings, your retirement, the value of your paycheck.
Which is why when Kobia gave this global warning last year, he even said, "Fool me once, shame on you, right? Fool me twice." Because he was referring to 1933 when President Roosevelt pulled a fast one on American citizens. Confiscating gold bullion. Rare and unusual coins were exempt, but effectively, right, revaluing gold, the dollar, it devalued anyone who held the fiat currency while those who held gold, right, were protected. The same thing in 1971. He of course is referring to President Nixon closing the gold window, right? Ending dollar convertability, delenging the dollar from gold. That was a default in its own right. The United States defaulted on its promise to other nations that they could convert their dollar reserves into gold, ultimately reinforcing the same lesson that's happened time and time and time again throughout history.
If you hold the real physical underlying tangible asset, you hold real wealth, real power. If you hold the item that is pegged to it, right? If you have something pegged to it, whether it's a physical dollar, a dollar in your wallet, a dollar in your bank account, or a stable coin digital dollar, ultimately the rules can and will be changed on you every time to save the system.
Now, the sad part is often people don't learn their lesson, even though history has shown us time and time again how this plays out, right? Financial ruin for those who are unprepared and prosperity and opportunity for those who understand what's coming next and take action before it's too late.
Now, if you're one of those people out there watching who is seeing the signals and understands what's happening, but wants to know what you personally can do to protect your wealth, how you can protect your wealth with physical gold and silver, that's what we do here at ITM Trading. We help people just like you create a custom strategy for what is coming next. I know you've worked too hard for what you have to leave it to chance, which is why we are here, real people with real answers to your questions. So, call us at the number below. Call us or down in the description there's a link where you can set up a time to talk to someone from our team, one of our expert analysts who are happy to help with any questions you might have. And as always, if this was helpful, please share it with a loved one, a friend, anyone out there who might be starting to see the signals, but still isn't sure what's coming next. Things are happening quickly. And as always, thank you so much for being here. I'm Taylor Kenny with ITM Trading, your trusted source for all things gold, silver, and lifelong wealth protection. Until next time.