Palantir bought $50M in gold bars in August as cash pile grows

Re:Palantir bought $50M in gold bars in August as cash pile ... by blakesterz on Tuesday August 17, 2021 @03:51PM (#28214059)

Is it common for companies to buy gold like this?

Where does someone (or in this case some company) store a big pile of gold bars?

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Re:Palantir bought $50M in gold bars in August as cash pile ... by sigio on Tuesday August 17, 2021 @03:52PM (#28214075)

Same location as where they bought it from.... stored in bankvaults, just earmarked to new owners. The actual gold hardly ever moves physically.

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Re:Palantir bought $50M in gold bars in August as cash pile ... by mywittyname on Tuesday August 17, 2021 @03:52PM (#28214085)

In this case, maybe Peter Thiel's underground bunker in NZ?

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Re:Palantir bought $50M in gold bars in August as cash pile ... by Miner49er on Tuesday August 17, 2021 @04:15PM (#28214358)

It says it's in the northeastern US.

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