Why not buy a productive asset instead? Maybe even your own shares if they’re actually good?
Why would you sell your stock if you have no need for the cash? If I wanted to invest in gold, then let me do that myself. I have many better options than Panantir.
If you’re a shell company with Zimbabwean dinar cash assets and external USD debt, you’re screwed but you’re also not a going concern.
The only companies I see screwed are those that make long-term loans at fixed interest rates.
Alternative reading - Palantir (being in the business of spooky levels of information) is predicting a global currency collapse... or a return to the gold standard - which is sort of just a slightly different flavour of a global currency collapse.
I wouldn’t. They’re a money losing company that raised money by selling shares and didn’t even have a plan for that money. Then they did the least creative thing possible: bought gold. Something any investor can do with a dozen different funds.
If you want to share in palantir’s gold bet, save their fees and buy a gold etf/closed end fund or coins/bars directly that you can keep in YOUR basement.
The interesting thing about that context, is you're likely screwed either direction.
You're existing under a very dangerous dictatorship 15 years ago, totalitarian. Gold isn't going to save you either, they'll just confiscate it. Gold in particular they'd want.
It's the very rare situation where things are so dire that a giant pile of gold is particularly useful, and somehow you're not going to get it taken from you by the people with all the guns.
Even in the US, at its most dire, and minus a dictatorship, gold was taken from everybody, confiscated; revoking the ability of companies and people to shield themselves from the substantial debasement of the currency.
One of the first things the dictator of Zimbabwe would plausibly do during hyper inflation is go after large piles of private gold.
But 50 million isn't that much for a company like Palantir I would imagine.
That's obviously no longer the case, but the fact remains that gold is a tangible asset universally recognized as valuable. There are other such assets, but most of them are either commodities with a shelf life (like crops and refined oil), or bulky capital assets (like industrial equipment). And that's discounting the fact that inflation often causes economic decline, lowering the relative value of said marketable assets, even if they are performing relatively better than the currency they are valued in.
Would like to read your thoughts about btc as store of value with minimal storage costs and does not corrode.
A separate issue is whether a company like Palantir should ever invest cash in public capital markets. Maybe when the company plans to invest in an internal project at some point in the future but doing a capital raise could be harder at that point.