Palantir Buys $50.7 Million Worth of Gold Bars

Posted by Neal Freyman, morningbrew.com

Share on Facebook

Tweet on Twitter

Palantir, the data analytics software company cofounded by Peter Thiel, revealed in a filing that it bought $50.7 million worth of 100-ounce gold bars.

Why? “You have to be prepared for a future with more black swan events,” COO Shyam Sankar told Bloomberg. A black swan event is a potentially devastating economic crisis that no one sees coming—like, say, Covid-19.

Where? The gold will be stored in a secure location in the northeastern US, so…nowhere near a New York bar’s coatrack…read more

I know Mike is a very solid investor and respect his opinions very much. So if he says pay attention to this or that - I will.

~ Dale G.
I've started managing my own investments so view Michael's site as a one-stop shop from which to get information and perspectives.

~ Dave E.
Michael offers easy reading, honest, common sense information that anyone can use in a practical manner.

~ der_al.
A sane voice in a scrambled investment world.

~ Ed R.