Podcast Summary: Rebel News Podcast – "SPONSOR | Tether’s gold grab is a no-brainer for crypto giant"

Date: November 29, 2025
Hosts: Jeremy Wiseman and Jerry Coraya (of Guildhall Wealth)
Main Theme:
The episode delves into the intersection of precious metals and technology, focusing on the recent move by Tether (the world's largest stablecoin) to bolster its reserves with physical gold, the implications of AI-driven silver demand, and macroeconomic trends driving gold and silver markets.

Episode Overview

Jeremy Wiseman and Jerry Coraya analyze significant events in the precious metals and crypto spaces, particularly Tether’s acquisition of large gold reserves. They explore:

• The strategic importance of physical gold/silver in both traditional finance and emerging crypto markets.
• The transformative effects of AI on silver demand.
• How shifting global economic currents—debt, inflation, geopolitics—are shaping the future of precious metals.

Key Discussion Points & Insights

1. Physical Precious Metals vs. Paper Assets

• Guildhall Wealth only handles physical gold and silver, eschewing paper instruments such as ETFs or pool accounts.
• “If you can’t hold it, you don’t own it.” – a central tenet highlighted by Jeremy (00:50).

2. Metals Market Update

• As of November 27th, silver is at $53.37/oz (up ~80% YTD), gold at $41.58/gram (up ~55-60% YTD).
• Recent pullbacks are described as healthy; the hosts see further potential rather than an overheated top (01:45).

3. Tether’s Gold Acquisition – A Crypto Gamechanger

• Tether is holding more gold (14B USD / 116 tons) than some small central banks (e.g., Hungary, Korea) – a major shift for crypto-backed assets (04:05).
• Breakdown of Tether’s reserves:
  • $135B in US Treasuries
  • $14B in gold
  • $8.8B in Bitcoin
  • Market cap increasing to $150B (04:05).
• Stability and Transparency: Discussion around Tether's historic lack of audit, driving the move to acquire “real collateral” like gold (03:00).
• Stability pillars: Tether’s diversification into bonds, crypto, and gold is a pragmatic response to the dollar’s own lack of a gold peg (06:25).

“Their [Tether’s] choice for stability isn’t necessarily bitcoin, it’s actual gold.”—Jeremy (04:44)

• Global Implications:
  • Tether’s gold demand outpaces national buyers like Kazakhstan.
  • Signal that even crypto assets are turning to precious metals for true backing—perhaps the “debate is over” about where real value comes from (07:41).

4. Global Reserve Trends: China, the U.S., and Individual Investors

• China as a gold-hoarding, export-controlling player; US moves to back reserves through corporate assets like Tether (09:17).

“China owns its gold through its people. …The US is now investing in corps and it’s deemed important to the U.S. existing, including Tether.”—Quoting Vince Lancy (09:17)

• Opportunity for Individuals:
  • Canadians (and others) can directly invest in physical gold even as national reserves are small (10:08).
  • Benefits of direct ownership: easy liquidity, portability, and avoidance of intermediated risk.

5. AI and Silver: The Next Industrial Revolution

• Major U.S. executive initiative: The “Genesis mission” (executive order by President Trump) aims at AI tech dominance, reminiscent of the Manhattan Project (11:30).
• Every data center for AI uses “tens of thousands of kilos of silver” in its infrastructure.

“My question is, where are you going to get the silver from to scale out this AI problem?”—Jerry (13:21)

• North America’s weakness: Despite being major producers, Canada and the US minimally refine their own gold/silver, missing out on value-adding jobs (14:58).

6. Supply, Demand, and Silver’s Critical Status

• Annual silver production: ~800 million oz; annual usage: 1.1-1.2 billion oz—a sustained deficit for the past five years (13:24).
• China’s strategic restrictions: Halting exports of silver, increasing hoarding of gold (16:08).
• Silver now designated a “critical mineral,” meaning increased government focus on stockpiling and supporting prices (16:08).

“You cannot sell a critical mineral. It’s a mandate, it’s a law. Now you have to acquire and stockpile as much silver as possible.”—Jerry (16:15)

7. Forecasts and the Path Ahead

• Analyst Michael Oliver predicts a "quantum leap" for silver, calling for $100–$200/oz “within quarters” (16:08).
• Jim Rickards’ supercycle outlook points to silver at ~$490/oz and gold potentially at $25,000/oz to rebalance debt-to-reserves (26:23, 21:37).

“The Federal Reserve—central bank of the United States—mentions gold for the first time ever… [about] how countries use their gold to fix all the fiscal mess…”—Jerry (21:37)

• Importance of adjusting expectations:

“There are a couple things that have to happen. One, you have to get over the double my money bias… Then ask, what has really been resolved—debts, inflation, geopolitics?”—Jeremy (23:53)

• Industrial demand will drive lasting value, and paper market volatility won’t affect those holding physical metal (25:21).

8. Personal Wealth Strategies and Systemic Risks

• Central banks and individuals are shifting to physical assets; gold provides “high quality liquid collateral” for borrowing and fiscal stability (19:34).
• Canadian government policy concerns: erosion of currency value and the potential nationalization of pensions (20:17).

Notable Quotes & Memorable Moments

• On Physical Ownership:
  "If you can't hold it, you don't own it.” – Jeremy (00:50)
• On Tether and Real Value:
  “Their [Tether’s] choice for stability isn’t necessarily bitcoin, it’s actual gold.” – Jeremy (04:44)
• On Silver Demand from AI:
  "My question is, where are you going to get the silver from to scale out this AI problem?” – Jerry (13:21)
• On Global Reserve Strategy:
  “China owns its gold through its people. … The US is now investing in corps and it’s deemed important to the U.S. existing, including Tether.” – (Vince Lancy, quoted by Jerry, 09:17)
• On Macro Risks:
  “Gold and silver are being reintroduced into the monetary system. … The trajectory is very bad right now in Canada, but there is hope.” – Jerry (20:17)
• On Forecasting:
  “Jim Rickards… is saying multiple hundreds [for silver]. … Michael Oliver’s saying $200 within a few quarters.” – Jeremy/Jerry (26:35) “There are a couple things that have to happen. One, you have to get over the double my money bias… Then ask, what has really been resolved—debts, inflation, geopolitics?” – Jeremy (23:53)

Timestamps for Important Segments

• Physical Ownership & Security – 00:09–01:08
• Metals Price Update & Market Psychology – 01:09–01:54
• Tether’s Gold Acquisition Explained – 03:00–04:54
• Crypto, Gold & Real Value Debate – 06:25–08:50
• Global Gold/Silver Race & Canadian Strategy – 09:17–10:08
• AI and Silver Demand (Genesis Mission) – 11:30–13:24
• Resource Refinement Shortfalls – 14:58–15:51
• Silver’s Critical Mineral Designation & Price Forecasts – 16:08–18:24
• Central Bank Balance Sheets & Debt – 19:18–20:17
• Revaluation Scenarios & Analyst Predictions – 21:35–26:35
• Strategy, Individual Action & Final Thoughts – 28:15–end

Summary & Takeaway

This episode frames a rapidly changing financial landscape, where the lines between crypto and hard assets are blurring. Tether’s gold accumulation is posited as a seismic shift, validating precious metals' role in digital-era stability. Meanwhile, global strategic competition and technological revolutions (AI) are fueling massive new demand, particularly for silver.

The hosts urge listeners to consider direct physical ownership as a hedge against systemic risks, highlighting both the structural market deficits and the strategic moves of major global actors. Their outlook is unapologetically bullish, drawing on respected analysts’ forecasts and underscoring the need to re-think legacy financial biases in an uncertain world.