And the winner is…

Dear Ladies and Gentlemen

Finally, the sleepless nights are over, time to declare our year-end competition winner.

The data stems from: Finanz und Wirtschaft (fuw.ch).

Gold:
According to to the above source, Gold closed the year at USD 1’898.75. A few of my readers were hoovering around USD 1’800 and USD 2’000, But only John’s estimate came in at USD 1’900 and therefore was the closest of all.

Silver :
According to to the above source, Silver closed the year at USD at 26.34. People were relatively bullish on Silver with estimates going up to USD 45. The closet call in Silver came from David with USD 26.91.

S&P 500:
According to the above source, the S&P closed the year at 3’756.07. People were quite bearish on the S&P, with most of my readers‘ estimates hovering around 2’000, 2’500. However, there were a few bullish ones with estimates between 4’000 and 4’500. The closet call in the S&P came from Felix with 3’750.

The winner of the competition and thus of the one-ounce Silver coin is Felix (nomen est omen). Congratulations! Felix won because he was one of the only ones foreseeing higher prices in Gold, Silver and in the equity markets. Most of the participants in this competition were bullish on Gold and maybe Silver but negative on equities as if it had to be an either-or, whereas Felix anticipated price increases in precious metals and the S&P. Well done!

Most probably there will be another competition in 2021.

Please feel free to share your ideas and thoughts with me, but please do not forget (instead of hitting the reply button) to send your messages to smk@incrementum.li

Many thanks, indeed!

Ladies and Gentlemen, I wish you a good start into the year, a wonderful weekend, and above all, good health!

Yours truly,

Stefan M. Kremeth
Wealth Management
Incrementum AG

Tel.: +423 237 26 60
Cell: +41 79 303 48 39
Im alten Riet 102
9494 Schaan/Liechtenstein
Mail: smk@incrementum.li