[quote=The-Shoveler]Probably the Pension fund manager is out of wack LOL.

I could see it if it was a gold mining stock like Buffett invested in.

Does not make a lot of sense IMO for a pension fund to buy Gold (the commodity itself).[/quote]

doesn’t appear to be an outlier.

https://economictimes.indiatimes.com/markets/commodities/news/gold-wins-over-new-buyers-from-pension-funds-to-private-wealth/articleshow/77238925.cms

was not aware of pensions buying gold…quick search appears this is becoming more common. texas teachers fund…

https://lonestarwhitehouse.blogspot.com/2016/06/why-does-texas-teachers-retirement-fund.html

pension funds make mistakes, but they a re definitely run by thoughtful sophisticated investors.