National News
Tether CEO:Tether will become ‘gold central bank’ in post-dollar world
CEO Paolo Ardoino, CEO- Tether said that he expects the company to become one of the largest gold central banks in the world.The company plans to start trading its gold reserves for additional profit.Tether owns around 140 tons of gold, worth around $23 billion, stored in a nuclear bunker in Switzerland.To contextualize this: that’s more than the official gold reserves of several developed nations, including Singapore, South Korea, and New Zealand. While still dwarfed by traditional central bank heavyweights like the United States (8,133 tons) or Germany (3,352 tons), Tether’s stockpile positions it alongside mid-tier sovereign holders.
Ardoino said that he expects the company’s role in the gold market to expand as geopolitical rivals to the U.S. will likely launch a gold-backed alternative to the dollar. The CEO previously said that gold is “logically a safer asset than any national currency.”
Perhaps the most significant aspect of Ardoino’s announcement is Tether’s intention to actively trade its gold reserves for profit—a departure from the passive holding strategies typically employed by central banks and a move that fundamentally blurs the line between treasury management and speculation.
With the recent surge in gold and other metal prices, Tether’s gold holdings are worth over $23.3 billion. As of today, gold’s price stands at approximately $5,234 per troy ounce, continuing its strong rally.
National News
Celebrate The Man Who Means The World With Kumari Fine Jewellery’s Father’s Day Picks
From Diamond-Studded Buttons To Bold Gold Bracelets, Kumari Fine Jewellery Presents Timeless Gifts That Celebrate A Father’s Strength, Style and Enduring Presence.
Fathers are often the quiet constants in our lives steadfast, dependable, and always present through life’s milestones. This Father’s Day, move beyond predictable gifts and choose something with permanence. Precious jewellery, crafted to stand the test of time, becomes more than an accessory, it becomes a memory worn every day, a symbol of appreciation that lasts forever.
With its thoughtfully curated collection of contemporary men’s jewellery, Kumari Fine Jewellery offers meaningful pieces that blend craftsmanship, style, and sentiment. Here are five jewellery gifts that he’ll cherish for years to come.
Hexagon Beaut Button
Rs. 61,693
For the father who values understated sophistication, the Hexagon Beaut Button makes for a timeless wardrobe essential. Crafted in gold and adorned with diamonds, its sleek hexagonal silhouette lends a refined edge to festive dressing and formal occasions alike. Elegant yet versatile, this classic men’s button is the perfect finishing touch for a father whose style speaks softly but leaves a lasting impression.
Side Arrow Ring
Rs. 63,512
Bold, contemporary, and effortlessly stylish, the Side Arrow Ring is for the dad who leads with confidence. Crafted in 14kt gold and detailed with diamonds, this sleek band balances masculinity with modern elegance. A wearable everyday luxury, it symbolises direction, strength, and individuality, making it a meaningful Father’s Day gift for the man who has always shown the way.
Celestial Path Statement Pendant
Rs. 42,842
For the dreamer, mentor, and guiding light in your life, the Celestial Path Statement Pendant carries deeper meaning. Set in white gold with diamonds illuminating a rich blue backdrop, the pendant evokes the beauty of a starlit sky and the journeys we take through life. Sophisticated yet symbolic, it’s a reminder of the father whose wisdom continues to guide, no matter where life leads.
Iron Fist Chain Bracelet
Rs. 1,21,528
Strong in presence and subtle in style, the Iron Fist Chain Bracelet is designed for the father who appreciates quiet confidence. Crafted in 18kt yellow gold, its clean links and minimal aesthetic make it an effortlessly wearable piece for everyday elegance. Timeless, powerful, and understated, this bracelet says everything without saying too much
Hexa Spark Men’s Diamond Stud Earrings
Rs. 18,896
For the father who isn’t afraid to redefine style, the Hexa Spark Men’s Diamond Stud Earrings offer a contemporary edge. Featuring a sharp hexagonal silhouette paired with an off-centre diamond cluster, the design is modern, confident, and refreshingly unexpected. Clean yet expressive, it’s a stylish choice for dads who believe personal style should evolve with time.
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Celebrate The Man Who Means The World With Kumari Fine Jewellery’s Father’s Day Picks
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National News26 minutes agoCelebrate The Man Who Means The World With Kumari Fine Jewellery’s Father’s Day Picks
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