Tether is stockpiling physical gold as it surges to new highs

Gold briefly clearing that $5,500 price threshold. Yet another fresh record for the metal. And one of the most aggressive buyers behind the trade isn't a central bank.It's Tether. The stable coin issuer now says that it holds about 140 tons of physical gold, roughly 24 billion dollar worth. It is a stake reported to be the largest known stash outside of banks and nation states.and it is still growing about a ton a week stored in a high security facility in the Swiss Alps built out of a former nuclear bunker ...