Author: Incrementum AG

The Big Long | In Gold We Trust report 2025

Posted on by Incrementum AG

The Big Long | In Gold We Trust report 2025

On May 15, 2025, this year’s – now 19th – In Gold We Trust report was presented at an international press conference broadcast live on the Internet. The authors of the report are Ronald-Peter Stöferle and Mark J. Valek, fund managers from Liechtenstein-based asset manager Incrementum AG.

Schifoan – The Gold/Ski Pass Ratio 2025

Posted on by Incrementum AG

Schifoan – The Gold/Ski Pass Ratio 2025

Tomorrow the famous Hahnenkamm races in Kitzbühel will see the first of three events. To mark this annual highlight of the Alpine Ski World Cup, we are publishing our In Gold We Trust Gold/Ski Pass Ratio for the second time, taking a look at the price development of the “admission price” to Austrian ski resorts, i.e. the cost of a one-day ski pass.

In euro terms, our index of 11 renowned Austrian ski resorts rose by 6.0% for a one-day ski pass, after growing 10.2% last year and 8.1% two winter seasons ago. But for gold investors skiing has become significantly cheaper this year. For one ounce of gold you can buy 35.2 one-day ski passes, i.e. 7.6 ski passes or 27.5% more than last year. Never in the 34-year history of our In Gold We Trust Gold/Ski Pass Ratio has skiing been so cheap calculated in gold. This is due to the rally in the price of gold in euros of 35.6% in 2024.