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If you, as a large share holder, were so bearish on Palantir's outlook - why would you bother keeping your money invested in them at all. Keeping your money in
by munk-a 5y ago
If you, as a large share holder, were so bearish on Palantir's outlook - why would you bother keeping your money invested in them at all. Keeping your money in the company is a choice you've made above the option of divesting and just buying gold yourself. And for the company, it seems incredibly silly - companies don't exist as things if they lose their employees (which would happen if anything catastrophic enough to justify gold happened) and their shareholders.
Alternative reading - Palantir (being in the business of spooky levels of information) is predicting a global currency collapse... or a return to the gold standard - which is sort of just a slightly different flavour of a global currency collapse.
- Scoundreller 5y ago> 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.
- munk-a 5y agoThat'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.