Daily Gold Market Report

Inflation Proof Investments:
How Gold Outperforms Ski Pass Costs

(USAGOLD – 1/19/2024) Gold prices are posting modest gains even as there was no major, markets-moving news overnight, which has allowed some better risk appetite in the marketplace to end the trading week.. Gold is trading at $2029.63, up $6.29. Silver is trading at $22.63, down 11 cents. Incrementum AG just released the “The Gold/Ski Pass Ratio 2024” report which discusses the impact of inflation on ski ticket prices in Austria and the value of gold as an investment. “With an increase of 10.2%, ski ticket prices have risen even more sharply this winter season than in the 2022/23 winter season. Since the 1990/91 winter season, ski ticket prices have risen by an average of 3.5% annually,” Incrementum reports. The comparison between ski ticket prices and gold prices reveals that gold investors have been relatively insulated from these increases. The purchasing power of gold in terms of ski passes has remained high, indicating that gold is a stable investment that can protect against inflation and maintain or even increase purchasing power over time.