Palantir Buys Gold Bars as Hedge Against ‘Black Swan Event’
finance.yahoo.com
Palantir Buys Gold Bars as Hedge Against ‘Black Swan Event’
1–10 of 12 posts
Re: Palantir Buys Gold Bars as Hedge Against ‘Black Swan Event’
#25 days ago, 74 comments https://news.ycombinator.com/item?id=28213727
Re: Palantir Buys Gold Bars as Hedge Against ‘Black Swan Event’
#3But Palantir's business is spying, so if a Black swan event blocks them from spying, how is gold going to save them?
Re: Palantir Buys Gold Bars as Hedge Against ‘Black Swan Event’
#4Thought for the day: they bought it all on the 12th. Since then, increased viruses, and the collapse of Afghanistan.
Re: Palantir Buys Gold Bars as Hedge Against ‘Black Swan Event’
#5Perhaps given that Palantir's business is spying we should assume a gold hedgeable black swan event is coming.
Re: Palantir Buys Gold Bars as Hedge Against ‘Black Swan Event’
#6Meanwhile Visa buys a CryptoPunk
https://www.forbes.com/sites/ninabambysheva/2021/08/23/visa-...
Re: Palantir Buys Gold Bars as Hedge Against ‘Black Swan Event’
#7So if I were Thiel, I'd totally have the company buy gold, then offer my NZ dungeon for safe storage (for a hefty fee, of course) and then whatever the event the dungeon was built for happens .. I guess there's noone there to collect the gold ...
Re: Palantir Buys Gold Bars as Hedge Against ‘Black Swan Event’
#8But Palantir's business is spying, so if a Black swan event blocks them from spying, how is gold going to save them?
It protects their balance sheet / investors by providing risk mitigation via hedged assets.
Re: Palantir Buys Gold Bars as Hedge Against ‘Black Swan Event’
#9The company is worth $45 billion and it buys $50 million of gold in a time when its business is booming. To me, this seems like nothing special. I guess people find it interesting mainly due to the company being at the crossroads of secret information.