The 2024/25 ski season marks a historic moment for the gold/ski pass ratio, with one ounce of gold now buying 35.2 day passes, up 27.5% from last year’s 27.6 passes. While ski pass prices continued their above-inflation trend with a 6% increase, gold’s 35.6% surge in 2024 has made skiing remarkably affordable for gold investors. This represents the most favorable ratio in over three decades, surpassing the previous record of 29 passes per ounce in 2012/13. The current ratio shows dramatic improvement from 1998/99 when an ounce of gold purchased only 8.5 passes, reflecting gold’s average annual appreciation of 6.8% over this period.