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Will gold have its day as a crisis hedge?

Palantir’s investment in bullion bars raises questions for retail savers

©The Financial Times Limited 2020 Aug 26, 2021 / 11:49 AM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
Will gold have its day as a crisis hedge?

Stefan Wagstyl What is it that Palantir Technologies knows that the rest of us don’t? Quite a lot, if we are to judge by the number of governments that are prepared to pay for the US high-tech company’s data-crunching service. So what should we make of Palantir’s purchase this month of $50.7m worth of gold? The company bought bullion with the precious metals market very far from shining. Rather ominously, it has not put its money into a gold fund or any...

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