Re:Palantir bought $50M in gold bars in August as cash pile ...
by Retric on Tuesday August 17, 2021 @10:42PM
(#28217241)
> Do you think Fort Knox is free to operate.
Compared to value stored it was. The base was already there, they built a small building, effectively reused military manpower, and stored almost 13,000 tons of gold. We are talking well under 1/1,000th the amount stored in expenses per year. At that point fluctuations in golds value are significantly more important than storage costs.
Consider in a more modern context how much security you put around an arbitrary amount of gold vs armed ICBM’s. Store them both in the same building and the gold is practically an afterthought.
Compared to value stored it was. The base was already there, they built a small building, effectively reused military manpower, and stored almost 13,000 tons of gold. We are talking well under 1/1,000th the amount stored in expenses per year. At that point fluctuations in golds value are significantly more important than storage costs.
Consider in a more modern context how much security you put around an arbitrary amount of gold vs armed ICBM’s. Store them both in the same building and the gold is practically an afterthought.