The 66-year-old frontman revealed he hates seeing fans paying overinflated prices on the secondary ticketing market to see the group in action.
"I don't like it but capitalism is capitalism, if you buy a piece of furniture you're allowed if you sell it for a profit," Gene told the BBC. "But we do try to limit that sort of shenanigans."
Kiss try to stop touts by offering tickets for their tour on their own website. However, he acknowledges that doing this isn't going to stop secondary resale.
"You try to do the best you can but it is a free market system," he added. "The nature of money is that people tend to abuse it and when there the chance to make hideous sums on somebody who really want something, people will take advantage of people."
His remarks are in sharp contrast to comments he made during an interview with website Ticketnews back in 2008, when he said that ticket resale was fair game.
"There is no secondary (ticket) market; there's only the market," he said. "That's the reality, and everything else is political jumbling.
"If somebody wants a ticket, they'll buy it or they won't."
Gene recently opened up about the tragic and untimely death of music legend Prince last week (21Apr16). As a friend of the Purple Rain singer's, Gene credited his "humanism" as one of his best attributes.
"Very few people know that during his concert tours, he asked him fans, 'If you bought tickets to a Prince concert, I want you to bring canned goods and contribute to those less advantaged.' " Gene told CNN. "C'mon! That's cooler than any rock star that gets up on stage and says, 'Look at me! Look at me!'
"This is a unique guy, and it would be a crime if the next generation of 14-year-olds don't look up and say, 'You know what? That's who I've gotta emulate,' instead of the modern, sort of pop artists who have producers… Remember: it's a guy who wrote, produced, arranged, engineered… did it all."
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