Even More Gold News and Nuggets

19 Aug

Even More Gold News and Nuggets

Hi-Tech Billionaire’s Company Buys $50 million in Gold Bars!

Concerned about a coming unexpected, high-impact event, “a black swan,” Palantir Technologies, a  software company co-founded by billionaire Peter Thiel, purchased $50.7 million in 100 ounce gold bars.

Thiel is a forward-looking entrepreneur.  He was an early investor in Facebook and a co-founder of PayPal. 

Palantir co-founder Joe Lonsdale created a stir recently when he said that “idiots are running the Fed.”  Chief Operating Officer Shyam Sankar said the move to gold “reflects more of a worldview…. You have to be prepared for a future with more black swan events.”

The company also announced that it intended to accept payment in gold and cryptocurrencies. 

Palantir’s gold bars are stored at an undisclosed vault.

Soaring Food Prices – A Global Phenomenon

Families far and wide are being forced to scrimp at the dinner table thanks to rapidly rising food prices.

Trillions of US Dollars. Does not include People’s Bank of China.

Global food prices in July were up 31 percent from the same month a year earlier according to UN reports.  A Bloomberg News story says, “Whether at supermarkets, corner stores, or open-air markets, prices for food have been surging in much of the world, forcing families to make tough decisions about their diets. Meat is often the first to go, ceding space to less expensive proteins such as dairy, eggs, or beans. In some households, a glass of milk has become a luxury reserved only for children; fresh fruit, once deemed a necessity, is now a treat.”

Just the four largest central banks, the US Fed, the European Central Bank, and the central banks of Japan and China, have inflated their balance sheets from $4.9 trillion to $29.3 trillion since 2007. 

How difficult is it to understand that when the major central banks of the world have digitally printed $24 trillion dollars worth of money backed by nothing, that prices would go up?

No wonder government likes to report on so-called “core inflation” which excludes the rising prices in food and energy.  After all, who would rely on food or energy to sustain life?

Republic Monetary Exchange Pop Quiz

See if you can guess who said the following: 

“There was nothing that I or anyone else saw that indicated a collapse in 11 days”

Was it:

(A) Chairman of the Joint Chiefs of Staff General Miley, speaking in August 2021 about the collapse of Afghanistan?


(B) Federal Reserve Chairman Jerome Powell speaking in November 2021 about the collapse of the stock market?