Stefan Markus Kremeth

Year-End Competition Update II

Dear Ladies and Gentlemen

Time for another update on our year-end competition. The estimates are still wide-spread; this is great and as I had mentioned before, makes it more fun than if everybody is around the same numbers. We had some new readers joining in, but there were no new „highest“ or „lowest“ estimates. However, the prices for Gold, Silver, and the S&P moved up considerably since the last update. So, let us have a look where we are standing.

Gold:
The highest estimate still comes from Hannes. His estimate for the 2020 year-end price stands at USD 2’000. The lowest estimate comes from me, and I know this is rather provocative, but it is just for fun, after all. My estimate is a year-end price of USD 1’280.

Silver:
The highest estimate comes from Barbara. Her estimate for the 2020 year-end price stands at USD 45. The lowest estimate comes from Mark, and his estimate is a year-end price of USD 14.50.

S&P 500:
The highest estimate comes from Barbara again. She seems bullish; her estimate for the 2020 year-end price stands at 4’500. The lowest estimate comes from John, and he estimates a year-end price of 2’100.

Currently (at the time when I was finishing this message) gold stands at USD 1’908.59, Silver at USD 24.24, and the S&P at 3’483.34.

If there are still readers out there who would like to participate, please feel free to send me a quick email, and I will be happy to take you on the list of participants. Do not forget; you may win a one-ounce Silver coin. Its price just went up by roughly 35% since my last (June-) update.

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 day, 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
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