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.

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