Year-End Competition Update III

Time for one last update on our year-end competition before the final contender for the one-ounce Silver coin will be elected. 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, and there is a new “highest” estimate for Gold, no changes, however, for the prices for Silver and the S&P.

Gold:
The highest estimate comes from Trevor. His estimate for the 2020 year-end price stands at USD 3’000. The lowest estimate comes from me, and I know, and I mentioned it many times, this is rather provocative (I did get some comments for this), 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 writing this message) Gold stands at USD 1’811.10, Silver at USD 23.32, and the S&P at 3’629.65. Since my last update on October 16, 2020, the prices for Gold and Silver have gone down, while the prices for the S&P 500 has moved up.

Because trading for the year 2020 ends in approximately four weeks, I do not let new people join in our competition. Do not worry; there is most probably going to be a new competition around the corner, i.e. in 2021.

As always, 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