The Institutional Risk Analyst

The upsurge in the price of gold during 2025 has surpassed the rate of increase for stocks and crypto tokens, begging the question as to whether the world is headed back to the future in term of money. Yet for most investors and nations, gold remains at the apex of value in terms of monetary assets, with fiat currencies next in line and crypto still occupying the periphery in terms of mediums of exchange.

Could the tether market and a small, little-known private bank in the Bahamas be the precursor of the next systemic market event in the US?