Gold/ski pass ratio reveals new record

Advertisement/Advertising – This article is distributed on behalf of Fury Gold Mines Ltd. and Gold X2 Mining Inc., with whom SRC swiss resource capital AG has paid IR consulting agreements. Creator: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: January 24, 2026, 5:05 p.m. Zurich/Berlin

The gold/ski ticket ratio has been around for 35 years ("In Gold We Trust" report by incrementum). For ski enthusiasts who bet on gold, this has paid off like never before. While one ounce of gold could buy 35 day passes in the 2024/2025 ski season, it can buy 48 passes in the current 2025/2026 ski season, an increase of 37.1 percent. An equally weighted index of eleven ski resorts in Salzburg, Tyrol, and Vorarlberg was used for this calculation. Comparing the current ski season with that of 2023/2024, the increase is an incredible 77.8 percent.

At the same time, ski ticket prices have risen by 4.8 percent compared to the previous year. In any case, they cost 41.8 percent more this time than in the 2019/2020 ski season. However, if skiers pay with gold, ski tickets have become significantly cheaper. No wonder, as the price of gold has almost doubled within two years. According to ratio calculations that have been ongoing for 35 years, the purchasing power of gold, calculated in ski tickets, has increased by four percent annually. Gold has therefore gained purchasing power for investors.

The calculations can also be performed with silver. The price of silver ended 2025 with a huge increase of 117.6 percent. This means that the price of a day ticket has fallen from 2.58 ounces of silver in the 2024/2025 season to 1.24 ounces of silver in the current ski season. In terms of silver, prices have therefore more than halved. Gold and silver delight investors with their value-preserving and sometimes even value-enhancing function. Companies with gold and silver also benefit greatly from the rise in precious metal prices.

Gold X2 Mining - https://www.commodity-tv.com/ondemand/companies/profil/gold-x2-mining-inc/ - owns the advanced Moss Gold Project (gold, silver, copper) in Ontario. Wholly owned, the project is equipped with excellent infrastructure and boasts very good drilling results. In addition, Gold X2 Mining has acquired Kesselrun Resources, thereby expanding the Huronian Gold Project and the land package of the Moss Project.

Fury Gold Mines, - https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ - which is well financed, has a gold and mineral exploration portfolio totaling over 157,000 hectares in Québec. The company also owns 11.3 million common shares of Dolly Varden Silver Corp.

Current company information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -) and Gold X2 Mining (- https://www.resource-capital.ch/en/companies/gold-x2-mining-inc/ -).

Further information is also available in our new precious metals report at the following link: https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-11-update/

Sources:

https://mcusercontent.com/aa77c8c45f249fae43889b537/files/f48d6f11-1fbc-45a8-d179-481a3740d069/IGWT_Spezial_2026_Gold_Skiticket_Ratio_DE.pdf;

https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-11-update/

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