+49 30 6521 24928 (GER / ENG) support@bar9.com

Gold Bug Profile: Peter Thiel

JP Buntinx
April 24, 2020

The number of people showing an affinity toward gold or precious metals is rather vast. Peter Thiel, someone most people wouldn’t necessarily associate with gold, is an actual gold bug as well.

Peter Thiel the PayPal Founder

Many people are unaware of who is responsible for bringing PayPal to users worldwide. This online payment service provider was founded in 1998 and founded by Max Levchin and Peter Thiel. Both individuals founded the company out of a desire to create a new world currency.

Albeit PayPal never lived up to those expectations, it has certainly become a global payment method. That is, in part, due to the foundations laid by Thiel and Levchin. Their tenacity to overcome hard times between 1998 and 2002 have allowed PayPal to become a global brand. 

When the company was sold to eBay in 2002 for $1.5 billion, many people were wondering what Peter Thiel would come up with next. After all, several of the company’s former employees have founded interesting businesses, including Elon Musk, Chad Hurley, Russel Simmons, and Reid Hoffman. 

Peter Thiel the Investor

Since his tenure at PayPal, Peter Thiel has made a lot of headlines due to his investments. More specifically, he is an active VC for tech companies in their early stage of development. 

Noteworthy investments to date include Facebook – becoming their first outside investor – as well as Founders Fund and Palantir Technologies. It is evident that there are many ways to turn money into more money, assuming one has sufficient knowledge to make such big investments. 

Peter Thiel and the Gold Standard

None of the investments or affiliations above has much to do with gold or other precious metals. However, one could argue that Founders Fund, which was co-founded by Thiel – has invested in many different companies and businesses, including firms active in the gold industry.

There is also the fact that Thiel openly advocated for the gold standard several years ago. During an interview with Glenn Beck, Thiel praised the gold standard and how it has an uncanny relation to innovation in the technology industry.

When the gold standard was still maintained, it had a way of connecting the real with the virtual. In that regard, it was well ahead of its time in certain aspects. Many people are advocating for reinstating the gold standard, albeit it remains to be seen if and when that will happen exactly. 

Peter Thiel on Bitcoin

Perhaps the biggest correlation between Peter Thiel and gold comes in the form of Bitcoin. More specifically, Thiel holds a significant position in BTC, simply because he expects it to become the equivalent of gold, but in an online manner.

That statement also makes Peter Thiel a Bitcoin bull, alongside with being a gold bug. There are ample correlations to be found between Bitcoin and bullion, as they share a lot of different similarities. As such, it is only normal that experts will highlight the similarities, in an effort to educate the masses on what to invest in.

Easily open your Swiss tax free gold vault in under 6 minutes

It’s Free to open a Swiss vaulting account, you can buy and sell gold directly to it instantly.

0 Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Coronavirus-Infused Market Volatility is Bound to hit Australia and New Zealand

It now seems that Asian markets are recovering a bit. It is still too early to determine if the coronavirus crisis is under control in that part of the world.

Gold and Silver Futures Turn Bearish as International Demand Weakens

Some analysts expect a new all-time high for gold later this year, although there will be some volatility to contend with before that happens.

BofA Analysts Project a Silver Price of $30 as US Dollar Keeps Weakening

Contrary to what most people expected, the US Dollar is not performing all that well. The greenback is losing value against all major currencies.

5 Reasons why Investing in Physical Gold is Always Worthwhile

Regardless of buying digital or physical gold, this precious metal is always worthwhile to investors. It is one of the few markets that offers key advantages one will rarely find in other assets.

Fortuna Silver Mines Notes Steep Silver and Gold Production Decrease in Q1 2020

More specifically, the production of both lead and zinc has increased by 8% and 5% respectively. This is a somewhat unexpected “bonus” for this mining operation.

Gold Bug Profile: Howard S. Katz

Even though Katz is rightfully called an early gold bug, it is evident that he was all too aware of how the markets evolved at any given moment.

Gold Bug Profile: John Paulson

It is also worth noting that the gold sector has treated Paulson rather well in his career. Back in 2010, he set a hedge fund record by making almost $5 billion in just twelve months.

Silver Bug Profile: Peter Leeds

Similar to his opinion on gold, Leeds is very hopeful when it comes to silver. In fact, he considers it to be the top investment for 2020 and possibly beyond,

Where to Store Gold: Switzerland vs America

Savvy investors will already choose physical gold to avoid the counterparty risk of futures accounts, ETFs, and other forms of paper gold. But the jurisdiction of gold storage represents another, often overlooked counterparty risk.  When disaster strikes and the...

Gold Bug Profile: Peter Thiel

Since his tenure at PayPal, Peter Thiel has made a lot of headlines due to his investments. More specifically, he is an active VC for tech companies in their early stage of development.

Gold Bug Profile: Adrian Ash

Ash is convinced that owning both gold and silver – either as part of an active portfolio or just in terms of hard assets generally – makes a lot of sense

What are Silver Mining Stocks and why do They Matter?

Before making any financial commitment, it is pertinent to note which types of stocks there are and what they represent. Investing blindly is never a smart idea, thus doing research is crucial.

Physical Gold Demand and Price Premiums Spike in Singapore

While the physical demand for bullion rises, the modern age warrants looking at digital solutions. Opening a portfolio for digital gold and silver on Bar9 is a great way to be exposed to different markets.

Recent Actions by the Federal Reserve may Spark Demand for Gold and Silver

Such extreme measures often come at a long-term cost, however. While the measures taken allow for stock markets to rebound, it also devalues the US Dollar.

Silver Bug Profile: Ralph Aldis

Ralph Aldis has also been named twice as a US Metals and Mining “TopGun”. This title is “awarded” by Brendan Wood International every single year. He is also the Best Americas Based Fund manager in 2016, awarded by Mining Journal.

Gold, Silver, and Crypto Markets Seem Poised for a Massive Bounce

For companies that are publicly traded – and often work over the weekend – having 24/7 exposure across the markets would be ideal.

Logistical Issues in Argentina and Mexico can Trigger a Much Bigger Silver Shortage

Industries note stronger demand for silver than normal. An interesting turn of events, and combined with a decrease in production, anything can happen.

4 Reasons to Start a Long-term Gold Investment Right now

For investors with a risk for appetite, investing in gold mining stocks can be a viable option. As all of the facets above line up one after another, the gold price is likely to increase.

Silver Bug Profile: Keith Neumeyer

Keith indicated that there would be a new bull market for all precious metals in the next few years. So far, 2020 has proven that sentiment correct, although $130 remains a lofty silver price target.

Silver Bug Profile: Alisdair Macleod

In the modern era, Macleod is best known for educating the masses on how governments handle money and the potential consequences.

Translate Blog Post

Article Categories

Blog Stats

  • 95,384 hits

Follow the CEO on Twitter

%d bloggers like this: