I did some light reading and found this on one of Tesla's 10-Q filings.
Bottom of Page 52
https://www.sec.gov/Archives/edgar/data/1318605/000095017022012936/tsla-20220630.htm
We hold and may acquire digital assets that may be subject to volatile market prices, impairment and unique risks of loss.
In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity, allowing us to invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future. Thereafter, we invested certain of such cash in bitcoin. As with any investment and consistent with how we manage fiat-based cash and cash equivalent accounts, we may increase or decrease our holdings of digital assets at any time based on the needs of the business and on our view of market and environmental conditions.
Zach Kirkhorn- Former Tesla CFO knew whats up.
Its interesting because Palatir was holding on to Gold but sold in May 2023 after losing patience it seems.
https://www.cnbc.com/2023/05/10/palantir-dumps-50-million-gold-investment-two-years-after-buying-bars.html
The United States holds gold at fort knox.
Iowa is on track to make gold and silver legal tender. May other states hold gold bullion in their state treasury.
https://www.billtrack50.com/billdetail/1692124
Goldman raised the PT on gold to $2700
China is buying up gold at a record pace. My thought is once they reach their reserve target they may make some sort of announcement that may send a earthquake through the markets.
The point is it makes sense to hold a bit of Gold and silver, as a insurance policy. you pay for car insurance, home insurance, health insurance, you need some portfolio insurance. We may see a trend of other companies updating their investment policy if treasuries continue to sell off and our nation debt interest payment get out of control.
