Palantir invests $51 million in physical gold

American software company Palantir Technologies bought $51 million worth of physical gold this month. The company, founded in 2003 with a market value of $50 billion, bought the gold in the form of 100 troy ounce bars. It stores these gold bars in a professional storage facility in the northeast of the United States. The gold is in physical form, as the company says it is able to take possession of the precious metal in short notice. The software company did not comment on the decision to buy gold.

Read more

How Does Crypto Mining Work?

Mining virtual currencies such as Bitcoin and Ethereum has become very lucrative due to the price increases in recent years. As a result, gigantic mining farms are springing up worldwide, especially in places where electricity is cheap. These computing centers use huge amounts of computing power to mine cryptocurrencies. To illustrate,  the global network of Bitcoin miners now uses as much power as the whole of the Netherlands. But how exactly does crypto mining work?

Read more

Dutch pension fund invests millions in gold

The pension fund of chemical company DSM has bought several hundred million euros worth of gold in recent months. According to PensioenPro, the fund now holds 5% of its assets in physical gold, which is stored with a financial institution in Switzerland. According to the pension fund, the precious metal provides more diversification. It can also contribute to higher returns, because it lowers the risk of the total investment portfolio.

Read more

Sander Boon: ‘Central bankers have to lie to the people’

Central bankers basically have to lie to the people about their role and their actions and why they do it. They are trying to keep a system alive that is not functioning anymore. It is one big moral hazard, according to political scientist Sander Boon. In a new GoldRepublic podcast, he explains how central banks lost control over international monetary system based on the eurodollar market.

Read more

Geopolitics of the European Corona emergency fund

Although the emergency package is only a first step towards a permanent transfer union, there is more than meets the eye. The package may also cause geopolitical relations in the world to shift. It can give substance to European geopolitical ambitions. To clarify this, we have to pay attention to the changing financial and political role of the United States in the world.

Read more

Trias Pecuniae: A summary

The perspective of a trias pecuniae is about applying Montesquieu’s trias politica to all wealth. A tripartite division of wealth powers consists of the fiscal power, the monetary power and the credit power and they are found with governments, central banks and all houses of credit. By removing future income from the equation of eligible collateral, a tripartite division of wealth powers can be balanced in that all arrangements of credit necessarily become self-liquidating.

Read more