Palantir Buys Over $50 Million Of Gold Bars: “Preparing For A Future With More Black Swans”
- Palantir Buys Over $50 Million Of Gold Bars: “Preparing For A Future With More Black Swans”
by Tyler Durden, https://www.zerohedge.com/
Anyone watching Tuesday’s US market cash session sees red across the board. One of the strongest sell programs in months dumped stocks at the start of trading on Tuesday, and equity volatility spiked to the upside. As Nomura warned looking the arcane gamma topology underpinning the market, this could be the beginning of a market storm. And ahead of what could be further market turmoil, Palantir Technologies warned about an upcoming “black swan event,” according to Bloomberg.
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The software company, co-founded by the technology billionaire Peter Thiel and CEO Alex Karp, wrote in a filing last week that it stockpiled $50.7 million in gold bars earlier this month. The filing also said it acquired technology startups, blank-check companies, and even cryptocurrencies.
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Palantir had previously said it would accept Bitcoin as a form of payment for its services, along with payment in precious metals (however Bloomberg quoted a spokeswoman from Palantir who said no clients have paid in Bitcoin or gold yet).
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