Year-End Competition 2022 – and the winner is

Good Morning Ladies and Gentlemen

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

Like every year, the data stems from Finanz und Wirtschaft (fuw.ch).

Gold

According to the above source, Gold closed the year at USD 1’824.56, in negative territory for the second consecutive year, despite spiking inflation. A few of my readers were hoovering around USD 1’850; however, most were far too optimistic. Dario’s estimate came in at USD 1’834 and therefore was the closest. Well done, Dario and many thanks for participating!

Brent Crude Oil    

According to the above source, Brent Crude Oil closed the year at USD 83.09. However, the participants were too bullish on Brent Crude Oil, with estimates going up to USD 160. The closest call in Brent Crude Oil came from Mark with USD 84. Well done, Mark and many thanks for participating!

S&P 500:         

According to the above source, the S&P 500 closed the year at 3’849.28. Almost every year, my readers are far too negative for equity markets; I wonder why this is the case because, statistically, there is no better way to invest than in equities. Anyway, the lowest bid for the 2022 year-end competition for the S&P 500 came in at 1’881. The closest call in the S&P 500 came from Marius with 3’812 points. Well done, Marius and many thanks for participating!

The Winner 

The winner of the Incrementum 2022 year-end competition and thus of the one-ounce Silver coin is John. John is a long-term reader of Stefan’s weekly, writing back to me regularly and sharing interesting views and knowledge! Congrats, dear John, well done!

Most probably, there will be another competition in 2023.

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 an excellent start to 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
Im alten Riet 102
9494 Schaan/Liechtenstein
Mail: smk@incrementum.li