Advertising

Figure of the month: 35.2

News Arnulf Hinkel, Finanzjournalist – 01.04.2025

It’s the same every year: ski season joy is dampened by the seemingly relentless rise in the cost of ski day passes. According to holidu.de, a day pass currently costs up to €95 in the Zermatt ski resort in Switzerland, while in popular ski resorts in Germany and Austria, tickets are up to €76, a significant increase from last season. In the eleven largest Austrian ski resorts, day pass prices are up 6 per cent year on year, as the recent ‘In gold we trust’ special reports.

Gold/ski pass ratio: analysing gold purchasing power since 1999

The gold price performance compared to the price of Austrian ski day passes since the 1990/91 season shows that the ski pass prices have risen more significantly than overall European inflation. While consumer prices more than doubled on average over the last 34 years, prices for ski passes have more than tripled. The gold/ski ticket ratio compares this, far above-average, price development with the yearly performance of gold, thus illustrating how well the precious metal really fulfils its function as a store of value.

In gold, a ski ticket costs 65 per cent less today than it did 34 years ago

The euro price for a day ski ticket has seen a 26 per cent rise over the last three years alone. If you were to pay in gold, the ticket would, however, be cheaper than ever. In other words, an ounce of gold today buys more day tickets than ever before. In the current ski season, one ounce of gold would buy 35.2 day tickets. In the 1990/1991 season, it would have bought just twelve, while in the 2023/2024 season, it would have been 27, showcasing last year’s strong gold rally. Looking back at the gold/ski ticket ratios for the past 35 years, we see the purchasing power of gold increasing in the long term, but not in a linear way. There were, in fact, years when one ounce of gold would have bought significantly fewer ski tickets than the year before. 
 

Upcoming Events

Events

05.04.2025 - 05.04.2025 Anlegertag Munich

Events

09.05.2025 - 10.05.2025 Invest Stuttgart

Youtube channel

Opening Bell Event zum 10-jährigen Bestehen von Xetra-Gold (German)

Opening Bell Event zum 10-jährigen Bestehen von Xetra-Gold (German)

Gold als eigene Anlageklasse: Interview mit Steffen Orben (German)

Gold als eigene Anlageklasse: Interview mit Steffen Orben (German)

Newsletter

Are you interested in receiving regular information on Xetra-Gold? Then subscribe to our monthly, free-of-charge newsletter to learn more about our gold holdings, upcoming events and to read our gold market outlook.

Xetra-Gold Newsletter

We are sorry that you consider to unregister from our newsletter. Are you missing out information? If yes, we are pleased to receive your feedback. Of course, you can always re-register at any later point of time.

Xetra-Gold Newsletter

Xetra-Gold Hotline

Xetra-Gold-Hotline

Do you have questions? We have the answers. Contact us here: 9 a.m.–6 p.m. CET

+49-(0) 69-2 11-1 16 70

xetra-gold(at)deutsche-boerse.com

For press inquiries:  media-relations(at)deutsche-boerse.com

To contact form