Is Tesla signaling a move into gold? Could this be a new trend for companies sitting on a pile of cash?
Monday, not only did Tesla announce that it was investing in bitcoin and accepting bitcoin as payment for its vehicles, but the company also said that it could potentially invest in gold and gold-backed exchange-traded products.
“We may 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,” the company said in a filing with the Securities Exchange Commission.
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