Year-End Competition 2021 / Final Result

Dear Ladies and Gentlemen

Finally, the sleepless nights are over, time to declare our year-end competition winner. Many thanks to all of you for participating. The bulk of the estimates came in within a decent range of the closing prices. I am truly impressed! Congrats to all of you!

Now, as every year I have sourced the data from: Finanz und Wirtschaft (fuw.ch).

Gold:

According to the above source, Gold closed the year at USD 1’829.50, somewhat below last year’s price. However, more than 50% of my readers were too optimistic and forecasted higher prices. Mark’s estimate came in at USD 1’830.00 and therefore was the closest. Mark won the competition before and is a highly regarded investment professional. Thanks for participating, Mark!

Bitcoin:

According to the above source, Bitcoin closed the year at USD 46’322.70. People were relatively bullish on Bitcoin with estimates going up as high as USD 123’500.00. The closest call in Bitcoin came from Waldemar with USD 47’000.00. Waldemar is a lawyer and apparently gifted in foreseeing the future (certainly also assisted by his lovely wife), congrats Waldemar!

S&P 500:

According to the above source, the S&P closed the year at 4’766.18. Most of you were reasonably optimistic and estimated the S&P 500 to go up versus last year, and it did. The closet call in the S&P came from Rainer with 4’750.00. Rainer is a professional wealth planner, congrats Rainer!

The winner of the entire competition and thus of the one-ounce Silver coin is Waldemar. Congratulations! Waldemar won because he was one of the only ones foreseeing lower prices in Gold and, at the same time, higher prices in Bitcoin and the equity markets and his calls were very, very close. Well done! I will hand over the Silver coin to Waldemar when I will see him at the end of January, beginning of February. I hope this is fine for you, Waldemar?

Most probably, there will be another competition in 2022 and I hope you will keep participating.

As always, please share your opinion with me, but please do not forget (instead of hitting the reply button) to send your messages to: smk@incrementum.li
Many thanks, indeed!

I wish you an excellent start to the day and the year, a wonderful weekend, and above all, good health!

Yours truly,

Stefan M. Kremeth

Wealth Management
Incrementum AG – we love managing assets

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