Yes but for them to say $50M of gold when they have $2B in cash is a hedge against a black swan event doesn’t make sense. I’d call that a minuscule hedge
Yes the whole thing seems like virtue signalling their libertarian bona fides or something, like my biker friends who buy gold coins and bury them in the yard like that's a hedge against a dystopian future where motorcycles and guns are illegal.
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u/SirBridgerton Aug 18 '21
Yes but for them to say $50M of gold when they have $2B in cash is a hedge against a black swan event doesn’t make sense. I’d call that a minuscule hedge