Palantir (NYSE: PLTR) just disclosed that it has made a sizeable bet on gold -- $50 million, to be exact. 

But is this a sign that investors should follow suit, or do we need to take a step back and think? 

Just tell me if I should buy gold, dammit!

I can't tell you that. We're all about stocks here at MyWallSt, and precious metals don't fit that bill. We can talk about Palantir though, and can take advice from our icon, Mr. Warren 'Stock Papa' Buffett himself back in 2010:

"I will say this about gold. If you took all the gold in the world, it would roughly make a cube 67 feet on a side...Now for that same cube of gold, it would be worth at today's market prices about $7 trillion - that's probably about a third of the value of all the stocks in the United States...For $7 trillion...you could have all the farmland in the United States, you could have about seven Exxon Mobils (XOM) and you could have a trillion dollars of walking-around money...And if you offered me the choice of looking at some 67-foot cube of gold and looking at it all day, and you know me touching it and fondling it occasionally...Call me crazy, but I'll take the farmland and the Exxon Mobils."

Palantir is a rich company, and it's hedging its bets against inflation through these alternative investments -- much like other companies are doing with Bitcoin. 

However, if you don't understand how commodity investing works, or know all that much about the gold business in general, then it's probably not for you. Investing is all about buying what you know, and blindly following a multibillion-dollar corporation down a gilded route such as this may leave you disappointed. 

If you want to learn more about investing in Palantir though, you can simply check out our article here.

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