Gold In The USA, Alaskan Elephant Country: Kirill Klip GEM Royalty TNR Gold Presentation

1. Gold
Gold in the USA: Solid Values in Uncertain Times
Kirill Klip GEM Royalty TNR Gold
January 2024
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2. Legal Disclaimer
All information about TNR Gold, NOVAGOLD and Barrick
Gold is presented using publicly available data.
Kirill Klip GEM Royalty TNR Gold
January 2024
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3. Legal Disclaimer for the U.S.
Please read legal disclaimers. There is no investment advice in this
presentation. Always consult your qualified financial adviser before
investment decisions.
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4. Gold - A New All-Time High
Gold Made a New All-Time High at $2,080.
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5. Gold - A New Monthly ATH
Gold Made The Highest Monthly Close In History at
$2,063.
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January 2024
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6. Gold - A New Quarterly ATH
Gold Made The Highest Quarterly Close In History at
$2,063.
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7. Gold - A New Yearly ATH
Gold Made The Highest Yearly Close In History at
$2,063.
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8. Gold Surges Past Pandemic’s Record
Bloomberg: “Gold Surges Past Record Set in Pandemic”.
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January 2024
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9. Gold Monthly Candles
Crescat Capital: “Gold Monthly Candles”.
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10. Gold Record Levels
Crescat Capital: “Gold Record Levels”.
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11. Gold – The Ultimate Hedge
Crescat Capital: “US Financial Conditions”.
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12. Gold – Golden Cross
Crescat Capital: “Gold – Golden Cross”.
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13. The Green Energy Metals
Royalty & Gold Company.
TNR Gold Corp.
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14. TNR Gold Corp.
Northstar: TNR Gold Corp.
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15. TNR Gold Corp. Shotgun Gold
Dr Tim Baker: “Location Of Major Intrusion Related Gold
Deposits”.
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16. TNR Gold Corp. Shotgun Gold
Dr Tim Baker: “Location Of Major Intrusion Related Gold
Deposits”.
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17. The History of Gold Cycles
Crescat Capital: “The History of Gold Cycles”.
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18. Record Global Debt
Global debt surpassed record $305T and is much higher
than before The Great Recession of 2008.
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19. Record Global Debt
Bloomberg: “Debt Resumes Upward March”.
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20. China Total Debt
China Total Debt to GDP. (Chart by Holger Zschaepitz)
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21. Central Banks Balance Sheet
Holger Zschaepitz: “Central Bank’s Balance Sheet
Indexed”.
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22. Record National Debt
U.S. Gross National Debt $33.9T & is much higher than
before The Great Recession of 2008.
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23. U.S. Dollar
Purchasing power of the consumer U.S. Dollar.
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24. U.S. Dollar
Purchasing power of the consumer U.S. Dollar.
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25. US Dollar Inflation Adjusted
Patrick Karim: “US Dollar Inflation Adjusted”.
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26. Gold & FED Rate Hikes
Incrementum: “Gold Bottomed Soon After Greenspan’s
1st Hike in 1999”.
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27. Gold and Interest Rates
U.S. Global Investors: “Gold Price on an Upward
Trajectory”.
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28. Gold-to-US Treasuries Ratio
Crescat Capital: “Gold-to-US Treasuries Ratio”.
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29. China: US Treasury Holdings
Crescat Capital: “China - US Treasury Holdings”.
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30. China Reports Jump in Reserves
U.S. Global Investors: “China reports jump in reserves”.
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31. China Gold Reserves
China Gold Reserves.
(Chart by Holger Zschaepitz)
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32. China Reports Jump in Reserves
@JanGold: “Estimated PBoC Gold Holdings”.
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33. China Reports Jump in Reserves
Gold Charts R Us: “Chinese Gold Reserves”.
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34. Largest Gold Reserves
WGC: “10 Countries with the largest gold reserves in the
world”.
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35. Central Bank Gold Demand Soared
Visual Capitalist: “30 Years of Central Bank Gold
Demand”.
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36. World Official Gold Holdings
U.S. Global Investors: “Estimated World Official Gold
Holdings”.
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37. Global Central Banks Gold Holdings
Crescat Capital: “Global Central Banks”.
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38. Central Bank Gold Demand Soared
FT: “Central banks have another colossal year of buying
Gold”.
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39. Central Bank Gold Demand Soared
FT: “Central banks have another colossal year of buying
Gold”.
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40. Central Bank Gold Demand Soared
Bloomberg: “Central banks continue to buy lots of
Gold”.
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41. US Dollar & Gold
Bloomberg: “The World’s Problem”.
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42. US Dollar 20-Year Top?
Barron’s: “The Powerful Greenback”.
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43. US Dollar 20-Year Top?
Bloomberg: “Cooling US Inflation Sends Dollar Falling”.
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44. US Dollar 20-Year Top?
US Dollar Index Fell Below 100.
(Chart by Naomi Blohm)
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45. US Dollar 20-Year Top?
US Dollar Index Fell Below 100.
(Chart by Bloomberg)
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46. US Dollar 20-Year Top?
Bloomberg: “The US Dollar’s Decent”.
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47. Gold & S&P 500
Crescat Capital: “Gold-to-S&P 500”.
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48. Gold – Big Picture View
Northstar: “Gold - Big Picture View”.
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49. Golden Revival
Patrick Karim: “Ratio defined Gold targets”.
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50. Gold Quarterly Log Chart
Patrick Karim: “Gold Quarterly Log Chart”.
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51. Gold Monthly Log Chart
Patrick Karim: “Gold Quarterly Log Chart”.
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52. Modeled Gold Price
Chris Rutherglen: “Possible Path to $7,000 to $8,000”.
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53. Gold Price & FED Funds Rate
Chris Rutherglen: “Gold Price & FED Funds Rate”.
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54. How High Can Gold Go?
US Funds: “Could we see $25,000 Gold by 2049?”
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55. Share of Gold in Portfolios
Investors increasing allocations to Gold will be driving
demand side for this Bull Market.
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56. Precious Metals in ETF
Bloomberg: ”Precious Metals As Percentage of Total ETF
Assets”.
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57. Exposure to Gold
Crescat: ”71% of Advisors Have 0-1% Exposure to Gold”.
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58. The Great Crypto Bubble
Crypto Bubble, like every other bubble, needs the great
people in order to become The Great Crypto Bubble.
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January 2024
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59. “Fighting the FED” with Tether
CryptoWhale: “Tether Printing Unbacked USDT to
Artificially Pump Bitcoin”.
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60. Gold - The Ultimate Hedge
“Luna” Coin – Round Trip “To The Moon” And Back.
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61. Gold - The Ultimate Hedge
Gold becomes the ultimate hedge for all portfolios with
equities, bonds and crypto.
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January 2024
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62. Gold & Crypto
The old beautiful law of leverage can produce
“miracles” or destroy the whole civilization.
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TNR Gold December 2022

63. Gold - The Ultimate Hedge
Gold becomes the ultimate hedge for all portfolios with
equities, bonds and crypto.
Kirill Klip GEM Royalty TNR Gold
January 2024
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64. Gold & Crypto
The old beautiful law of leverage can produce
“miracles” or destroy the whole civilization.
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January 2024
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65. “Fighting the FED” with Tether
WhaleWire: “Tether Printing Unbacked USDT to Artificially
Pump Bitcoin”.
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66. Gold - The Ultimate Hedge
Gold becomes the ultimate hedge for all portfolios with
equities, bonds and crypto.
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67. Gold - The Ultimate Hedge
Gold becomes the ultimate hedge for all portfolios with
equities, bonds and crypto. (Chart by Holger Zschaepitz)
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68. Gold - The Ultimate Hedge
Gold becomes the ultimate hedge for all portfolios with
equities, bonds and crypto. (Chart by Holger Zschaepitz)
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69. S&P GSCI Commodity Index
U.S. Global Investors: “Commodity Prices Relative to
Equities”.
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70. Commodities
Crescat Capital: “Commodities”.
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71. The Great Rebalancing
Crescat Capital: “Metals & Mining Industries in the S&P 500
Index”.
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72. Miners-to-Gold Ratio
Crescat Capital: “Miners-to-Gold Ratio”.
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73. Gold vs. Miners
Crescat Capital: “Gold vs. Miners”.
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74. Junior Gold Miners
Crescat Capital: “Junior Gold Miners”.
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75. Explorers Extremely Undervalued
Crescat Capital: “Explorers Extremely Undervalued to
Gold”.
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76. Peak Gold
Frank Holmes: “Output from the world’s Gold mines
topped out in 2020 before declining”.
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77. Gold Discoveries
Only several new discoveries over recent years.
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78. Where Do You Look for Elephants?
TNR Gold Shotgun Gold project is located in the
Alaskan “Elephant Country”.
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79. TNR Gold Corp. Shotgun Gold
Dr Tim Baker: “Location Of Major Granite Related Gold
Deposits”.
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80. TNR Gold Corp. Shotgun Gold
Dr Tim Baker: “Tintina Gold Belt Examples”.
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81. TNR Gold Corp. Shotgun Gold
Dr Tim Baker: “Tintina Gold Belt”.
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82. TNR Gold Corp. Shotgun Gold
Dr Tim Baker: “Geology and Vein Deposits of SW
Alaska”.
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83. TNR Gold Corp. Shotgun Gold
Dr Tim Baker: “Depth-fluids model for IRGS”.
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84. TNR Gold Corp. Shotgun Gold
Dr Tim Baker: “Geological Exploration Model”.
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85. TNR Gold Corp.
Shotgun Gold Project, Alaska.
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86. The Shotgun Gold Project
Shotgun Gold is located in Donlin Gold Mining District,
South-West Alaska.
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87. The Shotgun Gold Project
Shotgun Gold is located in Donlin Gold Mining District,
South-West Alaska.
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88. The Shotgun Gold Project
TNR Gold strategy with Shotgun Gold.
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89. Major Gold Discoveries
NOVAGOLD: “Major Gold Discoveries”.
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90. New Gold Development Projects
NOVAGOLD: “Comparing New Gold-focused
Development Projects”.
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91. New Gold Development Projects
NOVAGOLD: “Jurisdictional Importance of Mining
Projects”.
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92. The Best Mining Jurisdictions
NOVAGOLD: “The Best Mining Jurisdictions for
Investment”.
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93. Donlin Gold Infrastructure
Barrick Gold and NOVAGOLD are developing
Donlin Gold and opening new Mining District in the U.S.
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94. Gold in the USA
Donlin Gold: ”A Tier-One Asset in a World-Leading
Jurisdiction”.
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95. Alaska’s Donlin Gold
Donlin Gold: “Advancing the Donlin Gold Project”.
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96. Alaska’s Donlin Gold
Donlin Gold: “Alaska – World-Leading Mining
Jurisdiction”.
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97. Donlin Gold Activities
Donlin Gold: “Alaska Native Corporation partnerships
elevate the project”.
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98. Donlin Gold Activities
Donlin Gold: “ESG Performance”.
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99. New Gold Camp in the USA
Donlin Gold: “Positioned to Become a Million-Ounce
Gold Producer”.
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100. Gold Elephant in Alaska
Donlin Gold: “Double the Global Average Gold Grade”.
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101. Gold Elephant in Alaska
Donlin Gold: “The Next Big Discovery”.
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102. Donlin Gold Activities
Donlin Gold: “Third Quarter Activities”.
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103. Donlin Gold Permitting
Donlin Gold: “Permitting Update”.
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104. Donlin Gold Activities
Donlin Gold: “Third Quarter Activities”.
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105. Gold Elephant in Alaska
Donlin Gold: “Extraordinary Leverage to Gold”.
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106. The Shotgun Gold Project
Exploration history of Shotgun Gold project in Alaska.
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107. Regional Geologic Environment
Region is truly unique “Elephant Country” for large scale
gold deposits.
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108. Shotgun Gold Geology
Predominantly underlain by Cretaceous sediments of
the Kuskokwin Group.
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109. Shotgun Gold Mineralization
Shotgun Gold: the same age rocks and geological
signature appear to resemble Donlin Gold mineralization.
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110. Shotgun Ridge
Shotgun Ridge - mineralized intervals.
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111. Shotgun Ridge Drilling
Shotgun Ridge - drill holes plan view.
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112. Shotgun Ridge
Shotgun Ridge - resource model cross-section A-A’
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113. The Shotgun Project
The Shotgun Project - mineral resource.
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114. Understanding Potential Targets
Shotgun Ridge alone shows potential to host multiple
closely spaced gold deposits.
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115. Typical Porphyry System
Magnetic image shows “ring structure” typical of
porphyry systems.
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116. Area of Defined Resource
Multiple areas with similar structural and magnetic
character are untested by drilling.
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117. Chargeability Model
Only one chargeability target is tested by drilling and it
is mineralized.
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118. Shotgun Ridge Geophysics
The Shotgun Gold project – geophysics cross section.
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119. Shotgun Ridge Geophysics
Mineralization plotted down hole over 3D chargeability
model.
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120. Shotgun Ridge Potential
Shotgun Ridge has untested structural intersections that
may host significant Gold deposits.
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121. The Shotgun Gold Opportunity
Shotgun Ridge is just one of multiple gold target areas.
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122. Shotgun Ridge
Shotgun Ridge - inferred resource estimate.
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123. Strategic Partner - Gold in the USA
TNR Gold is looking for strategic partner to unlock the
potential of Shotgun Gold development.
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124. TNR Gold Corp. Shotgun Gold
Dr Tim Baker: Location of major intrusion related Gold
systems in Sn-W provinces.
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125. GEM Royalty Co.
TNR Gold Corp.
• Becoming The Green Energy Metals Royalty Co.
• Assets with major companies as Operators.
• Green Energy Metals: Lithium, Copper, and Silver.
• TNR holds NSR Royalty on Los Azules Copper.
• TNR holds NSR Royalty on Mariana Lithium.
• TNR Holds NPR Royalty on Batidero, Josemaria.
• TNR holds 90% stake in Shotgun Gold, Alaska.
• TNR Gold presentations on www.tnrgoldcorp.com
• All information is available on www.sedar.com
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126. Thank you!
Energy rEVolution & Gold.
The World Just Before The INTERNET.
Contact k.klip@btinternet.com
Visit www.kirillklip.blogspot.com
Follow on Twitter @kirillklip
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