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The twelve Christmas days - a price index

The Chrismas Price Index, developed in 1984, reflects the general price development in the United States.

The famous Christmas song "The Twelfe Days of Chrismas" lists the gifts the singer receives from his lady of the heart on the twelve Christmas days between 25 December and 6 January. 364 gifts, ranging from pigeons to pipes to gold rings. This has been used to calculate inflation annually for 35 years.

This year, the cost of all gifts increased by 1.2 percent to nearly $40,000. The same articles cost half as much in 1984. In that year, the US credit institution PNC Financial Services started the calculation for the first time. And this Christmas price index is based on the actual prices of the goods, which are in demand at pet shops or jewellers.

The highest rate of inflation this time was recorded for geese, which cost 8.3 per cent more than in the previous year. The largest price decline in comparison to the previous year is due to the gold rings. This time they are worth $750. This represents a decline of 9.1 percent from $825 in 2017. This should be good news for investors looking to buy physical gold.

But if you want to increase your chances of winning by leveraging the price of gold, you should take a look at the stocks of gold prospectors. For example, Treasury Metals or Nordic Gold could be considered.

Treasury Metals - https://www.commodity-tv.net/c/search_adv/?v=298722 - owns approximately 1.3 million ounces of gold equivalent on its 100 percent wholly owned Goliath gold project in Ontario according to a current resource estimate. First there is the possibility to mine the gold in the cheaper open pit mine, then in the underground mine. The approval procedure is currently underway so that production can begin in the near future.

Nordic Gold - https://www.commodity-tv.net/c/search_adv/?v=298724 - is also about to start production soon. The Laiva gold mine in Finland has the means to fully start production in the already established and approved gold mine. Ore mining began in August. The first gold casting of Nordic Gold took place on 30 November 2018.

Current corporate information and press releases from Treasury Metals (https://www.resource-capital.ch/en/companies/treasury-metals-inc.html) and Nordic Gold (https://www.resource-capital.ch/en/companies/nordic-gold-corp.html).

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.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

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