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re: Palantir buys $51 million of gold to protect against a 'black swan event'

Posted on 8/18/21 at 8:03 am to
Posted by Damone
FoCo
Member since Aug 2016
32966 posts
Posted on 8/18/21 at 8:03 am to
$51 million isn’t much of an investment for Palantir
Posted by Nosevens
Member since Apr 2019
17276 posts
Posted on 8/18/21 at 8:20 am to
You are correct there
Posted by Tomatocantender
Boot
Member since Jun 2021
5578 posts
Posted on 8/18/21 at 8:24 am to
quote:

WorkinDawg
quote:

The only thing holding this country together is the fact that normal folks have to much to lose. Take that away and the shite gets real serious real fast. In the end maybe this is what we need.


A self-aware man, spot the fcvk on!
Posted by goatmilker
Castle Anthrax
Member since Feb 2009
74379 posts
Posted on 8/18/21 at 8:27 am to


Could make one nervous.
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
23882 posts
Posted on 8/18/21 at 8:53 am to
You really think a company with 2.3 Billion in cash and cash equivalents on their balance sheet as of 6/30 investing $51MM in gold is signaling anything?

A little over 2% of their cash and cash equivalents into anything doesn't seem like much of a hedge to me.

Thank for posting though because I would have never looked at their balance sheet which is incredible. $3 billion in assets and $2.6 in current assets offset by only $1B in liabilities. Headed over to my trading account to drop some coinage on them, that's strong.
Posted by Spawn
Berlin
Member since Oct 2006
8004 posts
Posted on 8/18/21 at 9:18 am to
Alex Karp is a very interesting person and close associate of Peter Thiel. He actually moved PLTR out of Silicon Valley because he hated to toxic culture.

I'd say he is a person who access to some of the highest levels intelligence, such as it is.

PLTR was founded in the aftermath of 9-11 and went public last year in order to commercialize their data systems.

Alex Karp Interview



Posted by UnluckyTiger
Member since Sep 2003
41789 posts
Posted on 8/18/21 at 9:20 am to
quote:

Thank for posting though because I would have never looked at their balance sheet which is incredible. $3 billion in assets and $2.6 in current assets offset by only $1B in liabilities. Headed over to my trading account to drop some coinage on them, that's strong.


2.3 of that is in cash They’ve got options…
Posted by UnluckyTiger
Member since Sep 2003
41789 posts
Posted on 8/18/21 at 9:21 am to
Very cool company. I’ve been in their Georgetown office a few times.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
93748 posts
Posted on 8/18/21 at 9:22 am to
The Money board said gold is worthless
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