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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 Scoundreller on Tuesday August 17, 2021 @04:22PM (#28214416)
> why would you bother keeping your money invested in them at all.

I wouldn’t. They’re a money losing company that raised money by selling shares and didn’t even have a plan for that money. Then they did the least creative thing possible: bought gold. Something any investor can do with a dozen different funds.

If you want to share in palantir’s gold bet, save their fees and buy a gold etf/closed end fund or coins/bars directly that you can keep in YOUR basement.

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Re:Palantir bought $50M in gold bars in August as cash pile ... by munk-a on Tuesday August 17, 2021 @04:41PM (#28214596)
That's exactly my point - buying gold in bulk like this is a clear way of signalling they're a bad investment since any sane investor will do just that - purchase gold that they control and that won't be subject to any bankruptcy collections exercised on palantir if they are in a really bad place.
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