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Kirkland Lake Gold Ltd. T.KGI


Primary Symbol: T.KL

Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's mines and material mineral projects are located in Canada and Australia.


TSX:KL - Post by User

Bullboard Posts
Comment by anubis44on Oct 04, 2019 3:09pm
122 Views
Post# 30197879

RE:RE:RE:In case you missed it,

RE:RE:RE:In case you missed it,Well, the United States supposedly (by the last known account, which, of course, could always be wrong) had 8,133.46 metric tonnes of gold, the largest stockpile of any country. Germany has the second largest stockpile, at 3,366.77 metric tonnes, Italy is third at 2,451.84 metric tonnes, France is fourth at 2,436.07 metric tonnes, and Russia is fifth, at 2,219.18 metric tonnes. As Jim Rickards likes to point out, if that seems like a paltry amount of gold for each country, A) you're right, they really need to get with the program and buy a whole bunch more, and B) It's not a paltry amount if gold is $10,000-$50,000/ounce. In other words, it's not a matter of there not being enough gold in the world, it's a matter of gold needing to be several orders of magnitude more expensive in order for gold to back currencies once again.
Bullboard Posts