Posted on 08/18/2021 5:12:49 AM PDT by blam
Anyone watching Tuesday’s US market cash session sees red across the board. One of the strongest selling programs in months dumped stocks, and equity volatility exploded to the upside. Quite frankly, this could be the beginning of a market storm.
Ahead of what could be further market turmoil, Palantir Technologies warned about an upcoming “black swan event,” according to Bloomberg.
The software company, co-founded by the technology billionaire Peter Thiel and CEO Alex Karp, wrote in a filing last week that it stockpiled $50.7 million in gold bars earlier this month.
The filing also said it acquired technology startups, blank-check companies, and even cryptocurrencies. Palantir had previously said it would accept Bitcoin as a form of payment for its services, along with payment in precious metals.
Bloomberg quoted a spokeswoman from Palantir who said no clients have paid in Bitcoin or gold yet.
Shyam Sankar, the COO of Palantir, said accepting nontraditional forms of payment “reflects more of a worldview,” adding:
“You have to be prepared for a future with more black swan events.”
The filing was initially discovered by Barron’s. Palantir’s 100-ounce gold bars are expected to be stored in an undisclosed vault in the US Northeast.
“The company can take physical possession of the gold bars stored at the facility at any time with reasonable notice,” Palantir wrote.
None of this comes as a surprise that the loss of faith in those “who control the money” [Federal Reserve] – cryptocurrencies and precious physical metals are becoming a popular hedge for when the system implodes.
Palantir co-founder Joe Lonsdale was quoted not too long ago, saying, “idiots are running the Fed.”
Lonsdale is likely referencing the unconventional monetary policy that has helped balloon the national debt by over $5 trillion since early March 2020, to $28.4 trillion.
What is remarkable is that foreign holders of US Treasury Debt accounted for only a quarter of the spiking US National Debt (red line, right scale), the second-lowest end-of-quarter percentage since 2007 (via Wolf Street):
Palantir’s move into physical gold and cryptocurrencies is continuing the global de-dollarization trend…
Mike Krieger of Liberty Blitzkrieg tweeted about Palantir’s gold buying and warning of another “black swan event” by saying: “When the spooks tell you a false flag is coming, a false flag is coming.”
When the spooks tell you a false flag is coming, a false flag is coming.
— Michael Krieger (@LibertyBlitz) August 17, 2021
Palantir is not alone as SchiffGold notes that Chinese gold demand rebounded sharply in the first half of 2021 after plummeting in 2020, according to data released by the China Gold Association (CGA). China ranks as the world’s number one gold consumer and the Chinese market has a significant impact on global demand.
Demand was up 69.2%, coming in at just over 547 tons through the first 6 months of the year. China’s year-on-year gold consumption surged 93.9% in the first quarter alone. Gold demand wasn’t just up compared to 2020, a year of economic distress due to coronavirus. It was up 4.49% above pre-pandemic levels in 2019.
In other words, they are holding worthless paper gold.
"reasonable notice" will mean they'll be waiting a LONG time for converting paper to physical. Like Never.
Well, that about sums it up....
I believe that a false flag is coming in the guise of a terrorist attack…….
This will allow the Democrats to consolidate power, suspend rights and travel and cancel elections……..
If someone else posted this 12 months ago I would have scoffed and labeled them a conspiracy theorist……
Either I’ve lost my mind or am just becoming aware of the true evil intentions of the Democrats….. red or blue pill….
How do they do that - at the Federal level?
While what you think may be true, the progressives have serious perhaps mortal problems within their city state Metropias.
The cities are rotting away within. The question becomes can they implement tyrannical dominance while the cities have been destroyed from within ?
Fear-mongering for some kind of financial gain. Folks have been saying for YEARS that we are headed for a major correction - doesn’t happen. The crooks keep going.
well, he’s not wrong
“ Palantir Technologies warned about an upcoming “black swan event,” ”
A Black Swan event is, by definition, something unexpected. The above statement is therefore nonsense, on par with Monty Python’s “No one expects the Spanish Inquisition!!!”
“How do they do that - at the Federal level?”
Martial law.
Interesting. That’s not going to happen.
I put nothing past demented joes handlers.
I had a friend once who was always worrying about the collapse of society, and did the same thing; bought a large sum of gold stored in a vault in New York. I had to point out that if things really went south, all he had was a piece of paper.
If everything goes sideways they would be better off with huge pile of 9x19 ammunition. It will be worth more.
Might that vault in New York happen to be in the basement of WTC Building 7?
I wonder where the contents of that vault are now...
Well it’s better than lugging all that heavy gold around. What if he fell off a bridge?
yep, the personal valuations is the value that counts. and, valuations of metals varies between various metals over time. brass and lead can and do occasionally take over the market.
Posting it now might still qualify.
They are saying some things are leading to an inevitable Black Swan Event - it’s will be unexpected because no one knows exactly what that event will be.
Palantir analyizes massive amounts of data from all sources and puts them altogether to determine likelihood of outcomes
Exactly! You hit the nail on the head.
A brick of ammo will someday be worth more than a brick of gold.
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