Everything is getting more expensive - bet on gold in the new year
(PresseBox) - For 41 years, the financial services provider PNC has been calculating the prices of the 12 gifts from the song "The Twelve Days of Christmas".
Prices are rising throughout the US economy and goods and services that have become more expensive are also well known in this country. The first gift in the song, a partridge in a pear tree rose by a whopping 16 percent in 2024. The two turtle doves remained the same price, as did the four songbirds. The seven swimming swans also remained the same price. The three French hens were a different story: they cost five percent more. The six geese in the song were 15.4 percent more expensive. The price of the eight milking maids was unchanged, as it is linked to the minimum wage. This has remained the same since 2009. In contrast, the price of the nine dancing ladies rose by three percent. The ten lords experienced a price increase of 7.2 percent. The eleven bagpipers have also become 15.8 percent more expensive. The 12 drummers received a pay rise of just under 16 percent.
Overall, gifts were 5.4 percent more expensive than in the previous year. The PNC Christmas Price Index is based on the US Consumer Price Index, reflects the spending of the average American and is one of PNC's most popular economic reports. Prices for services in particular have risen, whereas 41 years ago goods were much more expensive than services. Today, increased fuel costs are a significant factor. Consumer prices in the USA have risen by 213 percent over the past 41 years, while the PNC consumer price has risen by 146 percent. Incidentally, an ounce of gold cost an average of around USD 420 per troy ounce 41 years ago. History has shown that gold is a tried and tested means of beating inflation and currency losses. With leverage on the gold price, investors are involved in the stocks of gold companies. There is Tudor Gold and Chesapeake Gold.
Tudor Gold - https://www.commodity-tv.com/ondemand/companies/profil/tudor-gold-corp/ - has the Treaty Creek project in the Golden Triangle in British Columbia (gold and copper). In 2024, resources grew, and high-grade discoveries were made.
Chesapeake Gold - https://www.commodity-tv.com/ondemand/companies/profil/chesapeake-gold-corp/ - owns the very large and prospective Metates gold and silver project in Mexico.
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/.
Unternehmensinformation / Kurzprofil:
Datum: 08.01.2025 - 09:31 Uhr
Sprache: Deutsch
News-ID 716118
Anzahl Zeichen: 4210
contact information:
Contact person: Jörg Schulte
Town:
Herisau
Phone: +49 (2983) 974041
Kategorie:
Financial Services & Insurance
Diese Pressemitteilung wurde bisher 147 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Everything is getting more expensive - bet on gold in the new year"
steht unter der journalistisch-redaktionellen Verantwortung von
Swiss Resource Capital AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
