Palantir Buys $50 Million of Gold in Case of “Black Swan Event” 

Tech CEO, Peter Thiel of Palantir Technologies ($PLTR) purchased $50 million in gold bars—in the case of a “Black Swan Event”. Palantir had previously announced that they would accept cryptocurrency as well as payment in various precious metals.

COO Shyam Sankar said that such payments reflects more of a worldview” and then adding: “you have to be prepared for a future with more black swan events, according to Bloomberg.

14k solid gold cross pendant
14K Solid Gold Cross Pendant, from Apples of Gold Jewelry.

This contributes to the financial theory that cryptocurrency and precious metals, like gold, are a hedge against financial uncertainty.

Gold was at a spot price of $1,783.45 per troy ounce (2nd London Fixed), at the time of writing.

Apples of Gold Jewelry, fine jewelry, gold, platinum, silver, precious metals, gems and diamonds.

Gold closed down

Category: News, Gold Jewelry, Gold News, Gold, Stocks, Crypto

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