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Aug 19, 2021

Palantir acquired $50.7M in 100-ounce gold bars, in preparation for a "black swan event" amid economic uncertainty.
They will also accept payment from clients in gold. Palantir's gold bars will be kept in a secure location in the northeastern U.S., according to their filing last week for their quarterly financial results. "The company is able to take physical possession of the gold bars stored at the facility at any time with reasonable notice" Palantir wrote. Gold is considered a safe-haven asset that protects against inflation. Palantir previously said it would accept Bitcoin as a form of payment, but say no one has done so yet. Link

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