Black Swan Risks drive gold hedging

[pmbug]

Saw this today and found it interesting:

Recently, Palantir Technologies, the secretive software company that collects and analyses huge amounts of data on behalf of clients which include a broad array of US intelligence and spy agencies, announced in a quarterly filing with the US SEC that it had purchased $50 million in gold bars as part of an investment strategy to hedge against 'Black Swan events'.
...

Can Treasurers Afford to Ignore Palantir’s Gold Gambit?

Palantir recently bought $50m in gold bars to hedge against 'black swan events.'

www.bullionstar.com

I posted about Palantir some time ago over here: https://www.pmbug.com/threads/privacy-encryption-vs-surveillance-state.3844/post-35147

 

[rblong2us]

Good to know that I am ahead of em and have been very well hedged for nearly 10 years ........ doh !

 

[pmbug]

The prospects for war with Russia-Ukraine-USA seem to be quite real now. The Fed is talking a serious game about cutting off the financial heroin and markets are correcting. Supply chain issues with Covid ravaged workforces still running strong. Is the risk for a Black Swan higher than ever or is it not really a Black Swan if everyone is anticipating it?

 

[pmbug]

Russia shaking the table, but dominos aren't close to falling (yet?).

 

[pmbug]

Palantir has sold their gold bars:

Palantir sells all of its gold-bar holdings worth $50 million

www.kitco.com

 

[Ttazzman]

deleted....due to inadequate research LOL