Palantir also disclosed that it purchased $50.7 million in 100-ounce gold bars. “Such purchase will initially be kept in a secure third-party facility located in the northeastern United States and the company is able to take physical possession of the gold bars stored at the facility at any time with reasonable notice,” Palantir said in the filing.

The chairman of the Federal Reserve, in turn, would not be talking about driving the inflation rate over 2% to kick-start the economy, but 10% instead – once again

However, according to my analysis, fiat money is strongly overvalued. As, fiat is the air for the present financial bubbles—fiat facilitates the excessive leverage in the economy. When the bubbles eventually burst, fiat’s value will be corrected (inflation goes up), and the gold price denominated in fiat rises.

And now for something that will blow your mind. Moving beyond the manipulated twilight zone of inflation data churned out by the US Bureau of Labor Statistics, let’s look at gold and silver prices adjusted by the ShadowStats Alternate CPI (1980 Base).

Gold’s value is relative. It doesn’t really matter how many digits it takes to express the price. Its true value lies in what those digits represent in terms of purchasing power.

Three elements cause physical delivery on the COMEX to have reached record highs this year: strong demand for futures in New York, a persisting spread between the price of futures in New York versus spot gold in London, and arbitrage.

You should not buy gold because you need to make money, but to protect the money you already have. Don’t look at the price at any given point in time as a barrier but as an incentive – especially if it is needed to fill a vacancy in your portfolio. Don’t buy the paper pretenders, but the real thing in the form of coins and bullion.

Introducing a new Thought-Leadership series to bring you thought-provoking insights from industry-leading experts.

Gold, the universal currency and store of value, is being de-globalised. Mocatta, long the largest gold bullion dealer, is being unwound and shut down by Scotiabank. JPMorgan, the leading US bullion bank, is ever more reluctant and slow to take on new counterparties.

What it cannot do is cure the virus. What it could do, however, according to a good many analysts, is act as an effective hedge against its economic consequences. Since the beginning of the year through April, the metal was up 11.73% during probably the worst period in economic history since the 1930s Great Depression.