Why Palantir and Tesla are adding gold and Bitcoin to reserves – Danielle DiMartino Booth

Kitco News, Released on 8/19/21

Palantir, the data analytics software manufacturer, has recently added $50 million of gold bars to their treasury, as disclosed in the company’s latest earnings statement. Danielle DiMartino Booth, CEO of Quill Intelligence, said that this purchase could be mirrored by other large companies. “These moves…are strong testaments to how far down the rabbit hole central banking, this grand experiment, has gone. They speak to the fact that there is a huge concern about the soundness of money, about the sanctity of fiat currency,” DiMartino Booth told Michelle Makori, editor-in-chief of Kitco News.

0:00 – FOMC minutes
4:47 – Taper tantrum
6:15 – Infrastructure bill
8:28 – Re-nomination of Jerome Powell
10:35 – Jackson Hole
15:44 – Palantir buying $50 million in gold

Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLCa research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Lufkin & Jenrette and Credit Suisse, where she worked fixed income and the public and private equity markets. Danielle earned her BBA as a College of Business Scholar at the University of Texas at San Antonio. She holds an MBA in Finance and International Business from the University of Texas at Austin and an MS in Journalism from Columbia University.

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