precious metal

Investors worried about the future of the dollar or simply looking for a hedge against turbulence have piled into the precious metal, sending prices to numerous records this year.

The ratings company noted that corporate bonds, precious metals, Bitcoin, secured loans, and other riskier investments comprised 24% of Tether’s reserves as of Sept. 30, up from 17% a year ago.

Twenty-four percent of Tether’s reserves consisted of corporate bonds, precious metals, Bitcoin, and other riskier investments as of September 30.

Twenty-four percent of Tether’s reserves consisted of corporate bonds, precious metals, Bitcoin, and other riskier investments as of September 30.

In the words of one central-bank manager, he quoted, the precious metal is the “ultimate protection against black swan tail risk events”.