Thiel’s Palantir Goes for Gold

Thiel's Palantir Goes for Gold

Peter Thiel’s Palantir Technologies, Inc. has purchased $50.7 million in 100-ounce gold bars as a hedge against a “black swan event.” The purchase was for physical gold, not a gold index fund or “contract” gold and Palantir executives can access the bars on reasonable notice at their Northeastern United States location.