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Press release Box-ID: 1087420

Swiss Resource Capital AG Poststrasse 1 9100 Herisau, Switzerland http://www.resource-capital.ch
Contact Mr Jörg Schulte +49 2983 974041

Turkey in the oven, gold in the depository

(PresseBox) ( Herisau, )
Many do not believe the official inflation figures. Thanksgiving in the US adds fuel to their fire. Gold benefits from this in the long term.

The American Farm Bureau Federation puts it in a nutshell: If you prepare the traditional dinner, you will pay about 15 percent more this year than a year ago. The Federal Reserve prefers to look at the Personal Consumption Expenditures Price Index (PCE). Why do you think that is? Of course, the PCE is much lower than perceived and now realized inflation for many goods. The latest figures, released on November 24, showed a five per cent increase in October compared to the same month last year. In September, PCE had stood at 4.4 percent.

15 percent and five percent - that's a huge difference. And what is the Fed doing? In the published minutes of its last meeting at the beginning of the month it did not deviate one bit from its inflation target of two percent for next year. Do the central bankers around the old and soon to be new Fed Chairman Jerome Powell know more or is this a "minor" loss of reality? The citizens in the USA seem to be voting this question with their feet. They took a big bite out of purchases in October. Whereas market experts had assumed a one percent increase in personal spending compared to September, the increase actually came to 1.3 percent. Incomes also climbed, but only by 0.5 percent.

Buying what the stuff holds is one variant to escape the price increases. A little smarter, however, seems to be to set aside a portion of inflation-protected for later needs. This is where gold comes into play as a valuable storage medium that has already proven its merits over centuries. Those who would also like to speculate on a possible rise in the price of gold with leverage could consider investing in shares of gold companies. Condor Gold or Ximen Mining would be examples.

Ximen Mining - https://www.youtube.com/watch?v=eqX7wGOcMKA - owns the Brett gold project in British Columbia (even visible gold) and the Amelia project as well as the Kenville gold mine. There is also the Treasure Mountain silver project.

Condor Gold - https://www.youtube.com/watch?v=964HrvmvUFs&t=25s - is active in Nicaragua with three projects. Of particular note is the La India project with an estimated 1.5 million ounces of gold in the ground.

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/

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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.