The good performance of gold

Gold investors have backed the right horse with gold in recent years.

A look at gold’s performance from 2000 to 2023 shows the following in US dollars: seven times there was a negative performance, but in the remaining 17 years gold closed the year with gains. The losing years were 2000, then 2013 to 2015 and 2021 and 2022. Calculated in euros, there were only five negative performances in those years. Switzerland is the hub of the global gold trade, i.e. the gold refinery business.

China imported the most gold from Switzerland in 2023, followed by India and Turkey. The gold that comes to Switzerland comes mainly from the USA, the United Arab Emirates and Russia. The focus on precious metals, especially gold, shows how much gold stands for wealth preservation.

Various comparisons can be used to illustrate how gold can preserve assets and how inflation eats away at people’s wealth. In addition to the well-known example of the "Big Mac Index" (or the comparison with Wiesn beer or the iPhone), there is now also a comparison between gold and ski tickets. The gold/ski ticket ratio clearly shows the depreciation of the currencies. In the current winter season, tickets for skiing fun have risen by a whopping 10.2 percent; in the previous season, prices had already risen by 8.1 percent. Eleven ski resorts in Salzburg, Tyrol and Vorarlberg serve as the basis for the calculation. Over the last 33 years, the inflation rate for ski tickets has been one percent higher than the normal inflation rate.

According to calculations by gold experts Incrementum in Lichtenstein, if a skier were to pay for their ticket in gold today, they would have to put down the same amount of gold as last season.

Conclusion: gold has retained its value. Investments in gold companies such as Fury Gold Mines or Revival Resources are also of interest.

Fury Gold Mines – https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ – owns high-grade projects in Quebec and Nunavut as well as a large block of shares in Dolly Varden Silver.

Revival Gold – https://www.commodity-tv.com/ondemand/companies/profil/revival-gold-inc/ – is working to revitalize the Beartrack-Arnett gold property in Idaho. This used to be the largest producing gold mine there.

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

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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