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A comment on Palantir bought $50M in gold bars in August as cash pile grows. Parent comment

Re:Palantir bought $50M in gold bars in August as cash pile ... by missedthecue on Tuesday August 17, 2021 @04:08PM (#28214263)
Because Palantir is worried about the USD (and presumbably other major currencies such as the pound and euro) devaluing. There isn't an escape from that. Mars doesn't print its own currency yet.
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Re:Palantir bought $50M in gold bars in August as cash pile ... by Scoundreller on Tuesday August 17, 2021 @04:13PM (#28214331)
Why wouldn’t a stock (e.g. a gold mine or google) escape a USD devaluation?

The only companies I see screwed are those that make long-term loans at fixed interest rates.

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Re:Palantir bought $50M in gold bars in August as cash pile ... by missedthecue on Tuesday August 17, 2021 @04:25PM (#28214440)
Because the cost of production inputs rise faster than they can pass on the costs to their customers. If no one suffered from inflation, we wouldn't bother measuring it.
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Re:Palantir bought $50M in gold bars in August as cash pile ... by gameswithgo on Tuesday August 17, 2021 @04:10PM (#28214289)
So this is ultimately all about Thiel and Musk having a fued about the mars colony and whether that will work out.
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