Gold an attractive insurance policy

SeekingAlpha/Frank Holmes

Repost from 8-25-2021

graphic image of black swan on yellow gold medalliion“Risk is precisely the reason why Palantir Technologies decided to make an investment in gold. The data analytics firm, founded in part by billionaire Peter Thiel, announced last week that it had stockpiled as much as $50 million worth of gold bars in preparation for “a future with more black swan events.” What’s more, Palantir—named for the all-seeing crystal balls in Lord of the Rings—is also allowing customers to pay for its software in gold.”

USAGOLD note: We referenced this report in yesterday’s DMR and repost the link here for those who may have missed it. Like Holmes, we have long seen gold as portfolio insurance against a range of economic maladies. Inflation and stagflation are the main concerns at present, but gold also protects against the other three of the big five concerns: deflation, disinflation, and hyperinflation.


Related: Please see Black Swans Yellow Gold – How gold performs during periods of deflation, disinflation, stagflation and hyperinflation

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