By Jack Ryan
Bloomberg News
Wednesday, January 28, 2026
Predicting the gold price is difficult, and it's only become more so since Tether Holdings SA, a crypto giant with one of the most profitable business models in the industry's history, kicked off an unexpected buying spree.
Tether has been snapping up gold at a rate of about 1 to 2 tons a week, according to its chief executive officer. That's faster than the vast majority of central banks and enough to have a small impact on global prices.
... Dispatch continues below ...
... ADVERTISEMENT ...
Are you ready to safeguard your assets using precious metals?
Hero Bullion is a precious metals dealer with an extensive inventory of competitively priced gold, silver, and platinum products.
We didn't get into this business just to sell metals. Our goal is to educate investors to help them make sounder financial decisions. For four years we have focused on educational resources, competitive prices, and reliable, secure shipping.
Check out our reviews. Hero Bullion is quickly becoming a favorite of customers all over the country. We're committed to helping you cut through the hype and build your portfolio with high-quality, affordable precious metals.
Visit us here: www.herobullion.com [1]
Hero Bullion: Gold and silver simply delivered
The El Salvador-based company is an eccentric presence in the market. Despite only having about 300 employees, Tether estimated its profits at roughly $15 billion last year, on par with many leading Wall Street banks.
Those earnings come chiefly from its U.S. dollar stablecoin, for which it receives real currency in exchange, to invest in assets such as Treasuries and, notably, gold. ...
... For the remainder of the report:
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
http://www.gata.org/node/16 [5]
Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png [6]
