Palantir Buys Gold Bars as Hedge Against ‘Black Swan Event
-
Company spent $50.7 million on 100-ounce gold bars in August
- Customers can now pay for software in gold or Bitcoin
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POSTING INFORMATION
Thanks Sir Kewl2. I saw this in MarketWatch yesterday.
I own some stock of Palantir (PLTR), it is underwater. But holding it for the long haul.
It is mostly a vote of confidence in their visionary founder, Peter Thiel.
Thiel’s buying of 50 million in gold bars is further evidence that rather than shun gold, some diversification of any corporation’s cash, even just as an inflation hedge, is justified. If not now, then when?
The only problem, or rather follow-through, I’d like to see is “when” they have the physical gold in their possession.
GL