Black Swan Risks drive gold hedging

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pmbug

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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'.
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I posted about Palantir some time ago over here: https://www.pmbug.com/threads/privacy-encryption-vs-surveillance-state.3844/post-35147
 
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?
 
Russia shaking the table, but dominos aren't close to falling (yet?).
 
deleted....due to inadequate research LOL
 
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