US software company Palantir buys gold bars worth $51 million as an investment

US-based Palantir Technologies, which makes software used by governments and businesses, spent $50.7 million this month to buy gold bars as part of its investment strategy. The 100-ounce gold bars will be kept at a secure location in the northeastern US. Palantir, co-founded by billionaire Peter Thiel and CEO Alex Karp, recently began accepting gold as payment for its software.