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Gold as an incentive to lose weight

Perhaps some people's kilos would fall faster if they were rewarded with real gold - this is what is now happening in the United Arab Emirates.

Dubai City Council has just poured out 56 kilograms of gold. For every kilo of weight that was demonstrably lost, the overweight resident in question received one gram of gold. This was the result of the largest health initiative in Dubai. The BMC Health Report 2012 revealed that the United Arab Emirates ranked sixth in the list of the most overweight people. As expected, the USA came in first.

In 2013, the "Your Weight in Gold" initiative was launched, initially only adults were able to participate. After the first year, gold bars worth around 760,000 US dollars were distributed to the successful citizens of Dubai. Then children and young people were also allowed to participate, with even two grams of gold per kilogram of weight lost waving.

In total, more than 10,000 people took part in the programme. In the end, 2.35 million US dollars or 56 kilograms of gold found their way to the inhabitants of Dubai. So gold can bring joy in many ways. Due to the current uncertainties, the precious metal could once again increasingly live up to its name as a safe haven.

After all, the trade dispute still weighs on people's minds, there are also discussions about a crisis in the emerging countries and in Turkey the currency seems to be falling further into the abyss. However, a somewhat firmer US dollar is still holding the gold price at around 1,200 US dollars per troy ounce. Nevertheless, it cannot hurt to invest part of the portfolio in gold and in gold companies for greater profit opportunities.

Here Steppe Gold or GoldMining would be of interest. Steppe Gold - https://www.commodity-tv.net/c/search_adv/?v=298477 - wants to become one of the leading precious metal companies in Mongolia with its ATO gold project. Construction of the mine and the heap leach project is in full swing, with gold production scheduled to start in 2018. Initially, production is expected to reach 40,000 ounces of gold equivalent per year at low cash costs of less than US$350 per ounce of gold.

GoldMining - https://www.commodity-tv.net/c/search_adv/?v=298220 - has built up a considerable portfolio of projects in low-cost mining regions (Brazil, Alaska, Canada). According to H.C. Wainwright & Co., the company's resources are significantly undervalued and the investment company recommends GoldMining stock for purchase. Several million ounces of gold resources should ensure success.

Current company information and press releases from Steppe Goldand GoldMining.

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the English version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: www.resource-capital.ch/en/disclaimer.html

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PDAC 2019

Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at info@resource-capital.ch. We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

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