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Cryptocurrencies are incredibly volatile and very speculative, warned Wheaton Precious Metals CEO Randy Smallwood who spoke to Kitco on Friday.
The company’s Q1 was released on Thursday. Wheaton’s revenue was $324 million in the first quarter of 2021, representing a 27% increase from the first quarter of 2020 due primarily to an equivalent increase in the average realized gold price.
Smallwood is also chair of the World Gold Council, which aims to stimulate and sustain demand for gold.
0:00 – Wheaton Precious Metals Q1 results
3:02 – Using a royalty and streaming model in the EV space
4:05 – Mining and the commodity cycle
6:47 – Silver is headed higher on industrial demand
9:11 – Gold and cryptocurrencies
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Candlestick Reversal Pattern Ignited The Surge In Gold Prices
Looking back now, we find that there was indeed a Candlestick Reversal Pattern which arose in the price of Gold in late July 2010. We paid insufficient attention at the time, because it was a “variation of a variation” of one of the classic reversal patterns. However, the proof is in the outcome: the price of Gold has staged a spectacular rise.Gold Investment – The 6 Profitable Opportunities To Invest In Gold
As a commodity trader and investor in gold, I’m always on the look out for the best gold investment available out there in the market. If you want to protect your wealth, it’s time you start doing some gold investment. In fact, there are quite a few gold investment opportunities that will give you good returns and I’ll cover them here.Buy Gold Coin Or Silver Bar Bullion Before It Is Too Late – Huge Financial Storm Looming
It is no exaggeration: to buy gold coin and silver bar bullion is vital because all indicators point to a breakdown in the US dollar that will have anyone who is buying gold coins and finds silver bars for sale in a strong position. While this might seem frightening, some say we are in the eye of the storm and this is no time for complacency.Gold Bars for Sale – How to Find the Best Prices for Gold Bars
While looking for gold bars for sale, the first thing to do is to gain sufficient knowledge over gold trading. Then turn to the bullion exchanges or reliable online sites to know some of the best prices for gold bars.7 Ways to Make a Gold Investment
There are many options available to people interested in gold investing. Gold investments can be made by purchasing and storing physical gold, purchasing items that represent the ownership of gold or buying stocks.Where To Find Gold Bullion
Gold bullion is gold that is smelted and refined into bars or coins of different sizes, purities and weights. Gold coins are often purchased as collector’s items, but they can also be used for investment purposes because of their gold content.What Is Gold Bullion?
Gold bullion coins are units of currency that are made of gold. There is a distinct difference between gold coins meant for circulation and gold bullion coins meant for investment purposes.Silver and Gold Investing
Gold and silver have become good investments thanks a continually weak financial market and government action. The US dollar’s decreased value compared to the Euro and concerns of excessive printing by governments has forced many investors to invest in commodities that have a proven ability to retain value.Why Gold Coins Belong in Any Gold Collection
Gold coins are an essential additive to any collection that consists of jewelry, gold mutual funds and gold stocks. Experts agree that gold coins are currently a sound economic investment because of record high gold prices and current political and economic uncertainty among other things.Gold Investing 101
Gold prices increased over 350% between the years 2001 and 2010. This price increase has caused the investment demand for gold coins to increase dramatically. Investing in gold coins is usually seen as safer than purchasing gold stocks or mutual accounts because the price of gold remains largely unaffected by economic and political instability.