AuAltinavcisiPrecious metals news and analysis

Gold

Incrementum: Gold/Ski Pass Ratio Hits All-Time High in 2024

Incrementum: Gold/Ski Pass Ratio Hits All-Time High in 2024

The 2024/25 ski season marks a historic moment for the gold/ski pass ratio, with one ounce of gold now buying 35.2 day passes, up 27.5% from last year’s 27.6 passes.

While ski pass prices continued their above-inflation trend with a 6% increase, gold’s 35.6% surge in 2024 has made skiing remarkably affordable for gold investors.

This represents the most favorable ratio in over three decades, surpassing the previous record of 29 passes per ounce in 2012/13.

The current ratio shows dramatic improvement from 1998/99 when an ounce of gold purchased only 8.5 passes, reflecting gold’s average annual appreciation of 6.8% over this period.

Eight more from the desk

Other dispatches from the bullion wire.

Is 2025 the New 1979? Why Gold Could Be Set to Double AgainGoldGold Surges to $3,385 as Israel-Iran Tensions and Trump Tariff Threats Rattle Markets
7 Reasons Gold and Silver Will Surge From Current LevelsSilver7 Reasons Gold and Silver Will Surge From Current Levels
Investor pointing to a gold price pullback on a candlestick chart — buying gold after a pullback has historically rewarded patient long-term holdersGoldWhat History Shows About Buying Gold After a Pullback
Gold Goes Digital: World Gold Council Launches Blockchain InitiativeCentral banksGold Goes Digital: World Gold Council Launches Blockchain Initiative
India Gold Demand Slump Deepens as Asia Faces Soaring PricesGoldChina’s Gold ETFs Hit Record Inflows as Investment Demand Surges
Two analog instrument gauges mounted side by side on a dark gunmetal panel. The left gauge labeled PCE has its needle resting low in the green zone with a cool blue glow, indicating falling inflation. The right gauge labeled GOLD has its needle swung sharply into the red zone with a warm amber-gold glow, indicating rising price. Featured image for article on PCE drop and gold price reaction, July 2026.Fed & yieldsWarsh Said the PCE Drop Was “Not Much” of a Consideration. Gold Agreed.
Gold Breaks $4,500 While Vanguard Flips StrategyGoldGold Breaks $4,500 While Vanguard Flips Strategy
Steel bank vault door partially open with light spilling through, representing a central bank's decision on its gold reservesCentral banksWhen Should a Central Bank Sell Its Gold? One Just Did. Most Won’t.