Palantir buys gold as hedge against ‘black swan event’

Bloomberg/Lizette Chapman/8-17-2021

photograph of various gold bars

“The gold purchase was buried in a securities filing last week for its quarterly financial results and reported earlier this week by Barron’s. Palantir shares were up about 5% in intraday trading Wednesday.”

USAGOLD note: Palantir Technologies, the Denver-based company founded by Peter Thiel and Alex Karp (that began life in the Silicon Valley), has a reputation for out-of-the-box thinking. Since it specializes in software used by governments, one wonders if they know something the rest of us don’t – particularly when it goes to the trouble of mentioning their gold stockpile as a hedge against some future black swan event. The $50.7 million in 100-troy ounce gold bars represents about 28,000 troy ounces.

Share
This entry was posted in Gold and Silver Price Predictions from Prominent Players, Today's top gold news and opinion. Bookmark the permalink.