The twelve Christmas days - a price index
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).
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