AI Dynamics

Global AI News Aggregator

About

Palantir’s Gold Investment Misstep: $25M Opportunity Cost

in 3Q21 Palantir bet on gold, buying $50.9 million worth of 100-ounce bars. it sold them in 2023 for $51.1 million, netting a $200K profit. Palantir has missed out on the gold price running up ~33% in 2024. if it hadn't sold, Palantir would be up 50% on its original investment

→ View original post on X — @jordannovet