Will's Blog: Jefferies: Tether, which said it held 116 tons of gold in September, is "the largest holder of gold outside central banks", buying 26 tons in Q3 and 24 in Q2 (Bryce Elder/Financial Times)

27 November 2025

Jefferies: Tether, which said it held 116 tons of gold in September, is "the largest holder of gold outside central banks", buying 26 tons in Q3 and 24 in Q2 (Bryce Elder/Financial Times)

Bryce Elder / Financial Times:
Jefferies: Tether, which said it held 116 tons of gold in September, is “the largest holder of gold outside central banks”, buying 26 tons in Q3 and 24 in Q2 — Remember about a month ago, when gold hit an all-time high, lots of commentators got on their hobby horses to huff about currency debasement?

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