by greyface- on 8/23/2021, 12:40:09 PM
by jnsaff2 on 8/23/2021, 1:02:51 PM
So 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 ...
by etothepii on 8/23/2021, 12:50:03 PM
Perhaps given that Palantir's business is spying we should assume a gold hedgeable black swan event is coming.
by mach1ne on 8/23/2021, 1:32:10 PM
The 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.
by jacknews on 8/23/2021, 1:46:30 PM
Gold tends to go up with inflation, but down with everything else in minor and financial panics - just look at the beginning of covid, or Sept 2008. And you don't need the gold bars in your vault when markets are relatively functional. This seems to be more a case of some preparedness against real extremes, like war with China, USD collapse, etc.
by cheaprentalyeti on 8/23/2021, 12:49:51 PM
Thought for the day: they bought it all on the 12th. Since then, increased viruses, and the collapse of Afghanistan.
by cblconfederate on 8/23/2021, 12:43:34 PM
But Palantir's business is spying, so if a Black swan event blocks them from spying, how is gold going to save them?
by twox2 on 8/23/2021, 12:50:20 PM
Meanwhile Visa buys a CryptoPunk
https://www.forbes.com/sites/ninabambysheva/2021/08/23/visa-...
5 days ago, 74 comments https://news.ycombinator.com/item?id=28213727