Year-End Competition …and the winner is…

Dear Ladies and Gentlemen!

Welcome in 2020! May 2020 be a prosperous, an interesting and a friendly one for all of us.

Today I am happy to announce the winner of our year-end competition. The goal was to guess the year-end prices for one ounce of gold in USD, for the S&P 500 and for one ounce of silver in USD. I looked up the prices on: https://marktdaten.fuw.ch/ and compared them to all the suggestions in all the emails I had received at the time. The year-end prices were the following:

Gold:  1’517.40                                Silver:  17.86                        S&P:  3’230.78

Congratulations! You did a great job at foreseeing at least one or two out of the three year-end closing prices. For every person who participated in the competition I calculated the price deviation in % each for gold, silver and the S&P, added those together and divided them by 3. Like this I received the average price deviation per person.

….and the winner is: my friend Andreas, with whom I used to study at the university of Liechtenstein and who during many times had helped me big time by sharing his study notes and even better, his perfect summaries prior to exams we had to take! Congratulations Andreas! The average price deviation of his guesses was 3.61% – which is pretty amazing!

Maybe and just for the sake of it, the highest estimate for gold came from Rainer at 1’611, the lowest from Robert at 1’385. The highest estimate for Silver also came from Rainer at 20.56 and the lowest again from Robert at 16.37. The highest estimate for the S&P came from myself at 3’240 and the lowest from Scott at 2’623. Many thanks to all of you for participating. Maybe I will run another competition in 2020. Maybe in a year from now silver stands at USD 50 or 100 and thus it will be even more interesting to participate in the competition.

As always, Ladies and Gentlemen, please share your comments, remarks, suggestions with me, but please don’t forget (instead of hitting the reply button) to send your messages to:

smk@incrementum.li

Many thanks, indeed!

And now, Ladies and Gentlemen I wish you a great day and weekend.

Kind regards.

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
Web: www.incrementum.li