I’m not going to pretend I know exactly what the company Palantir Technologies does for business, but I do know it’s a spook company with Peter Theil as the largest shareholder. It caught my attention that Palantir just bought $50 million in physical gold bars while the rest of Silicon Valley is exchanging fiat for cryptocurrency. Why would a tech company invest in physical gold?
The stock market is at an all-time high and the housing market is starting to cool. Michael Burry is betting against Cathy Wood’s ETF of “innovative” garbage tech companies such as Twitter. I can’t think of a better indicator of the air being let out of the inflated market than a tech company buying physical gold as a hedge against a Black Swan event.
Continue reading “PALANTIR BUYS $50 MILLION IN GOLD BARS”