Overstock, an oddball online retailer and redoubt of doomsday conservatism, has stashed away $10m in gold and silver coins as an insurance policy against financial apocalypse.
Jonathan Johnson, Overstock’s anti-establishment leader, told the Financial Times it held the precious metals outside the banking system so the company could pay employees even if lenders slammed shut in a crisis.
Mr Johnson — who is running to be Utah governor — said Overstock also kept extra freeze-dried food so it had enough to feed each employee and one family member for three months.
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