+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.

When And How To Invest In Gold

Dear Bar9 customers, unfortunately, we all live in extremely uncertain times. And the so-called "markets" in particular are also showing signs of nervousness: the price of gold, for example, goes up sharply one day, only to go down again the next. At the same time,...

Gold Bug Profile: Ron Paul

Ron Paul has not always been a politician, however. He also serves as a flight surgeon in the US Air Force and performed duties as an obstetrician-gynecologist.

Gold Bug Profile: Doug Casey

The name Doug Casey will ring a bell with financial buffs due to his 1979 book. Titled “Crisis Investing”, it quickly rose the ranks to become the number one The New York Times Non-Fiction Best Seller in 1980.

Gold or Silver: Which is Best in a Pandemic-Induced Recession?

Countless civilizations—from ancient Egypt to Mesopotamaia—have built their economies on the solid foundations of gold and silver bullion. The exchange rate between the two metals dates back as far as 3000 BC. But while both metals are often lumped together by...

Gold vs Negative Interest Rates

The world is teetering on the brink of a new economic policy. Not one that was written about by capitalism's founding father Adam Smith, or even John Maynard Keynes, but a giant experiment in which we will all be the subject. Negative interest rates threaten to turn...

Best Practices When Using Mobile Payments During the Novel Coronavirus Outbreak

Solutions such as Apple Pay, Google Pay, Samsung Pay, and WeChat Pay are all perfectly usable during these troubling times.

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: 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

Gold Bug Profile: Peter Schiff

Despite paying very close attention to investment options such as gold and silver, Peter Schiff isn’t optimistic about Bitcoin and other cryptocurrencies.

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.

Safe Payment Methods During the #Coronavirus Crisis: Cash vs Payment Cards

In this modern day and age, payment cards are very popular. In a lot of countries, cards still have to be handed from customer to cashier and back again. Handling payments in this way can in theory, result in a further spreading of COVID-19.  Utilizing this payment method is prone to the same “risks” as paying in cash.

Silver Bug Profile: Mike McGlone

The Senior Commodity Strategist for Bloomberg has built up a strong reputation in the financial sector. His main focus lies with broad investable commodity markets.

Gold and Silver Premium Prices Spike in Singapore and Hong Kong

Obtaining physical gold isn’t the only problem. Those businesses requiring a steady supply of silver are in an even bigger pickle right now

The Silent Thief: How to Protect Savings from Inflation

How can you protect your savings from inflation? Horror stories of the prices of bread and milk spinning out of control have fixed the concept of inflation firmly in the public imagination. These hark back to the worst cases, like in the Weimar Republic where shoppers...

Analyst Outlines how Silver is a Seriously Undervalued Asset Right now

Everything comes down to how things will evolve over the coming months. If the demand will pick up again, and the supply remains very limited, things may begin to shift in a few months from now.

Gold Bug Profile: Thomas Kaplan

The first link with precious metals became apparent in 1993. At that time, Kaplan founded Apex Silver Mines, taking up the role of chairman and chief executive officer.

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.

Silver and Gold Prices Move up Strongly as More Mining Operations Shut Down

The McEwen Mining group operates multiple mines all over the world. One of their biggest ventures is located in San Jose, Argentina. The local Black Fox mine is now suspending operations due to the coronavirus crisis.

Different ways to invest in and buy gold online

Gold as jewellery is not only stunning but additionally works as a way of linking financial emergencies. This has actually been away for family members around the globe to have a bank independent savings account. As we understand jewellery is not pure gold and has a...

Indian Officials Confiscate 9.3kg of Gold From Smugglers

What is rather interesting is how all of these bars have forged foreign markings. The objective of the individuals was to sell it in Mangaluru and districts of North Karnataka

Translate Blog Post

Article Categories

Blog Stats

  • 58,922 hits

Follow the CEO on Twitter

%d bloggers like this: