Palantir Buys Over $50 Million Of Gold Bars: "Preparing For A Future With More Black Swans"

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Palantir Buys Over $50 Million Of Gold Bars: "Preparing For A Future With More Black Swans"

zerohedge2021-08-18

(Update: August 18, 2021 at 10:59 a.m. ET) Palantir jumped over 5% in morning trading. Anyone watching Tuesday's US market cash session sees red across the board. One of the strongest sell ...

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One of the strongest sell ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/palantir-buys-gold-bars-preparing-future-more-black-swans\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir Buys Over $50 Million Of Gold Bars: \"Preparing For A Future With More Black Swans\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Buys Over $50 Million Of Gold Bars: \"Preparing For A Future With More Black Swans\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-18 22:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/palantir-buys-gold-bars-preparing-future-more-black-swans><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Update: August 18, 2021 at 10:59 a.m. ET)\n\n Palantir jumped over 5% in morning trading.\n\n\nAnyone watching Tuesday's US market cash session sees red across the board. One of the strongest sell ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/palantir-buys-gold-bars-preparing-future-more-black-swans\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLTR","symbol_name":"Palantir Technologies Inc.","start_time":0,"source_url":"https://www.zerohedge.com/markets/palantir-buys-gold-bars-preparing-future-more-black-swans","article_id":"1171001359","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1171001359","pubTimestamp":1629296316,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"(Update: August 18, 2021 at 10:59 a.m. ET)\n\n Palantir jumped over 5% in morning trading.\n\n\nAnyone wa","collect":0,"end_time":0,"defaultTopTitle":"zerohedge.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"translate_title":"Palantir购买超过5000万美元的金条：“为更多黑天鹅的未来做准备”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLTR":0.9},"content_text":"(Update: August 18, 2021 at 10:59 a.m. ET)\n\n Palantir jumped over 5% in morning trading.\n\n\nAnyone 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 toBloomberg.\nThe software company, co-founded by the technology billionaire Peter Thiel and CEO Alex Karp, wrote in a filing last week thatit stockpiled $50.7 million in gold bars earlier this month.The filing also said itacquired technology startups, blank-check companies, and even cryptocurrencies.\nPalantir 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).\nShyam Sankar, the COO of Palantir, said accepting nontraditional forms of payment \"reflects more of a worldview,\" adding:\"you have to be prepared for a future with more black swan events.\"\nPalantir's 100-ounce gold bars are expected to be stored in an undisclosed vault in the US Northeast.\n\n\"The company can take physical possession of the gold bars stored at the facility at any time with reasonable notice,\"Palantir wrote.\n\nNone of this comes as a surprise that the loss of faith in those \"who control the money\" [Federal Reserve] - cryptocurrencies and precious physical metals are becoming a popular hedge for when the system implodes.\nPalantir co-founder Joe Lonsdale was quoted not too long ago, saying, \"idiots are running the Fed.\"Lonsdale was referencing the unconventional monetary policy that has helped balloon the national debt by over $5 trillion since early March 2020, to $28.4 trillion and set the US dollar on collision course with loss of reserve status.\nWhat is remarkable is thatforeign holders of US Treasury Debt accounted for only a quarter of the spiking US National Debt(red line, right scale), the second-lowest end-of-quarter percentage since 2007 (viaWolf Street):\nPalantir's move into physical gold and cryptocurrencies is continuing the global de-dollarization trend...\nMike Krieger of Liberty Blitzkrieg tweeted about Palantir's gold buying and warning of another \"black swan event\" by saying:\"When the spooks tell you a false flag is coming, a false flag is coming.\"\nPalantir is not alone asSchiffGoldnotes thatChinese gold demand rebounded sharply in the first half of 2021after plummeting in 2020, according to data released by the China Gold Association (CGA). China ranks as the world’s number one gold consumer and the Chinese market has a significant impact on global demand.\nDemand was up 69.2%, coming in at just over 547 tons through the first 6 months of the year. China’s year-on-year gold consumption surged 93.9% in the first quarter alone.Gold demand wasn’t just up compared to 2020, a year of economic distress due to coronavirus. It was up 4.49% above pre-pandemic levels in 2019.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":true,"newsSizeData":{}}