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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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From: bull_dozer	8/18/2021 9:08:37 PM
	of 97767

Palantir Buys Gold Bars as Hedge Against ‘Black Swan Event’ Palantir Technologies Inc. said it’s preparing for another “black swan event” by stockpiling gold bars. The company spent $50.7 million this month on gold, part of an unusual investment strategy that also includes startups, blank-check companies and possibly Bitcoin. Palantir had previously said it would accept Bitcoin as a form of payment. A spokeswoman for Palantir said no one has yet done so. Embracing nontraditional currencies “reflects more of a worldview,” Shyam Sankar, the chief operating officer, said in an interview. “You have to be prepared for a future with more black swan events.” 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 Wednesay. bloomberg.com

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