Gold price, pizza oracle and Gold/Oktoberfest beer ratio
(PresseBox) - ?
An index is a kind of average value that makes statements about market developments.
For example, there is the Pentagon Pizza Index, which serves as an early warning system for global crises. This index has often proved its worth, predicting military operations even during the Cold War. This time it was able to predict Israel s attack. On the evening of June 13, orders at pizzerias near the Pentagon rose sharply because employees had to work longer hours. Incidentally, the attack significantly boosted the price of gold.
Fans of Munich s Oktoberfest still have to wait until September 20, when it will be back for the 190th time. The Gold/Oktoberfest beer ratio will be exciting again for those interested in the price of gold. A pint of beer will cost between 14.50 and 15.80 euros this year, around 3.5% more than in 2024. The price of beer has risen steadily since 1971 - in paper currencies. But not in gold terms. In 2024, one ounce of gold could buy 148 liters of beer, compared to 119 liters in 2023. This year, the beer purchasing power of an ounce of gold will reach a new high.
After all, the price of gold fluctuated around EUR 2,300 in September 2024, whereas today it is around EUR 2,950. Over the past 15 months, the price of gold has risen sharply and even outperformed the S&P500. The gold price is likely to remain in a long-term upward trend. Even if the gold price were to fall, this would tend to attract buyers. And those who believe in gold should stick with it even in weaker phases. Mining companies with gold benefit from the high gold price, for example Tudor Gold or Aurania Resources.
Tudor Gold - https://www.commodity-tv.com/ondemand/companies/profil/tudor-gold-corp/ - owns the Treaty Creek project in the Golden Triangle. The acquisition of American Creek increases Tudor Gold s interest in the project to 80 percent. The Treaty Creek Project hosts one of Canada s largest gold discoveries with excellent expansion potential.
Aurania Resources - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ - is active in Ecuador, with a particular focus on The Lost Cities-Cutucu project. It contains gold and copper.
Current company information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-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.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
Unternehmensinformation / Kurzprofil:
Datum: 17.06.2025 - 07:11 Uhr
Sprache: Deutsch
News-ID 723121
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Contact person: Jörg Schulte
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