Kirkland Lake Gold (KL)

[NYBob]

$16 Billion Ohio Police & Fire Pension Fund Approves A 5% Allocation For Gold Profile picture for user Tyler Durden
by Tyler Durden
Sun, 08/30/2020 - 10:40


Ohio's $16 billion Police & Fire Pension Fund is following in the steps
of Warren Buffett and making a big statement about owning gold.
It has approved a 5% allocation to gold to help diversify the fund's
portfolio and to "hedge against the risk of inflation" according to
Bloomberg.

https://www.zerohedge.com/markets/16-billion-ohio-police-fire-pension-fund-approves-5-allocation-gold


The change was approved as "the first step" in an ongoing asset review
that was presented to the fund's board on August 26.

The fund was following the advice of its investment consultant,
Wilshire Assocaites, in adding the gold allocation, according to
Pensions & Investments. Additionally, the fund plans on adding
the gold stake by borrowing;
the fund is reportedly increasing its leverage from 20% to 25%
to make the change.

"No new manager has been selected, and there currently is no timeline
for implementing this change," P&I reported.

Kirkland Lake Gold - INVESTOR PRESENTATIONS -


https://s23.q4cdn.com/685814098/files/doc_financials/2020/q2/Q2-2020-CONFERENCE-CALL-AND-WEBCAST-JULY-30-2020FINAL.pdf

https://www.kl.gold/home/default.aspx


Gold & Silver bulls starting to break out > ^ > ^ > ^

In GOD We Trust - Real Money -







https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA