Wiesn beer and gold

At this year’s 189th Munich Oktoberfest, a pint of Wiesnbier will cost more than 15 euros for the first time, namely around 15.30 euros on average in the tents, according to Incrementum from Liechtenstein. That’s around 30 percent more than in 2019, so the price has risen. However, the price of gold has also risen to all-time highs. The price of the precious metal has just reached a new record high. The US Federal Reserve has announced an interest rate cut for the first time since 2020. Key interest rates were cut by 0.50 percentage points, even more than the majority of analysts had expected. In some cases, a troy ounce of gold cost more than USD 2,600.

But back to the relationship between Oktoberfest beer and gold. Oktoberfest visitors can currently buy almost 148 liters of Wiesn beer for one ounce of gold. Compared to the previous year, this is a whole 29 Maß more. In 2014, our Oktoberfest visitor would have only been able to buy 95 liters of beer and in 2004 it would have been just 47 liters for an ounce of gold. It is clear that anyone who has not invested in gold has not only missed out on considerable profits in the last twelve months, but above all in the long term. As the development of the Wiesn beer/gold ratio (in the new "In Gold We Trust" report) shows, the beer purchasing power of gold is higher than it has been since 1985. Only from 1980 to 1985 was the beer purchasing power of gold higher than this year.

Even those not yet invested in gold should now sit up and take notice. The gold price rally is in full swing. And those who are already invested in gold should not be worried by this year’s new beer price. This is because, as already mentioned, gold has generated many profits and the price rally could well continue, as many analysts believe. Gold is also unlikely to lose its function as a safe haven in view of the trouble spots and uncertainties. Gold stocks should also be in focus. Promising companies with gold in their projects include Meridian Mining and Miata Metals.

Meridian Mining – https://www.commodity-tv.com/ondemand/companies/profil/meridian-mining-uk-societas/ – owns mines in Brazil. These contain gold, silver, copper and zinc. The drilling program is running successfully.

Miata Metals has two earn-in options to acquire interests (100 percent) in two prospective gold projects in British Columbia.

Current company information and press releases from Miata Metals (- https://www.resource-capital.ch/de/unternehmen/miata-metals-corp/ -) and Meridian Mining (- https://www.resource-capital.ch/de/unternehmen/meridian-mining-uk-societas/ -).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees may hold shares in the companies mentioned and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.

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