Why you think PLTR bought Gold bars ? via /r/wallstreetbets #stocks #wallstreetbets #investing

Why you think PLTR bought Gold bars ?

First I don’t know why the downvotes its just a question you fool. My PLTR position is for minimum 5 years so FU this is no meme.

Tech/intelligence firm Palantir (PLTR) bought $50 million worth of physical gold to hold on its balance sheet.

On Aug. 17, it was reported that the company bought $50.7 million in gold bars as part of its internal investment strategy. In an interview, COO Shyam Sankar stated that the purchase “reflects more of a worldview … You have to be prepared for a future with more black swan events.

Palantir bought $50 million in gold bars in August, the company disclosed in its latest earnings statement. The move reflects a growing company stashing cash in an unconventional asset in response to economic uncertainty spurred by the coronavirus pandemic and governments’ response to it

So why do you think they bought it ?

Submitted February 01, 2022 at 02:09AM by alphaomega_2021
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