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Gold mine production is only increasing slowly, but investors and central banks are becoming increasingly interested in the precious metal. Time and again, gold discoveries show that gold is everlasting. Sometimes it is a 1,800-year-old gold ring that was found in Brittany, then again it is medieval coins that come to light again after more than 1,000 years, sometimes gold, sometimes silver. In England, almost 1400 coins were recently found, buried around 55 AD, when Emperor Nero reigned.

The store of value function of gold can also be seen in an amusing way, for example in the gold-ski ticket ratio of incrementum. Tickets for winter sports have once again become significantly more expensive. The index includes 11 ski resorts in Austria. Compared to the previous year, prices have risen by six percent, following increases of 10.2 and 8.1 percent in the last two winter seasons. This is therefore much higher than the normal inflation rate of 2.4 percent. The long-term average ski ticket inflation rate is 3.5 percent.

However, when looking at the purchasing power of an ounce of gold, this is significantly higher compared to ski day tickets. After all, the price of gold rose by more than 35 percent last year. This year, 35.2 day tickets can be purchased for one ounce of gold. In previous years, only 27.6 day tickets were available for an ounce of gold. Gold investors need not fret about the increased prices, as skiing has become cheaper for them. In fact, it is cheaper than it has been for almost 35 years, and the level of comfort has also increased. Gold therefore ensures that purchasing power is maintained.

Investors interested in gold mining companies should take a look at Skeena Gold & Silver – https://www.commodity-tv.com/ondemand/companies/profil/skeena-gold-silver-ltd/ . The company is developing the Eskay Creek gold-silver project in British Columbia’s Golden Triangle.

Fortuna Mining – https://www.commodity-tv.com/ondemand/companies/profil/fortuna-mining-inc/ – is already a successful gold and silver producer. The mines are located in Argentina, Burkina Faso, Côte d’Ivoire, Mexico and Peru. In 2024, almost 370,000 ounces of gold and more than 3.7 million ounces of silver were produced.

Current company information and press releases from Skeena Gold & Silver (- https://www.resource-capital.ch/en/companies/skeena-resources-ltd/ -) and Fortuna Mining (- https://www.resource-capital.ch/en/companies/fortuna-mining-corp/ -).

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.

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