‘There’s nothing long term about crypto’ – Wheaton Precious Metals

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Cryptocurrencies are incredibly unpredictable and very speculative, warned Wheaton Valuable Metals Chief Executive Officer Randy Smallwood that spoke to Kitco on Friday.

The firm's Q1 was launched on Thursday. Wheaton's profits was $324 million in the initial quarter of 2021, representing a 27% rise from the very first quarter of 2020 due primarily to a comparable boost in the typical understood gold cost.

Smallwood is also chair of the Globe Gold Council, which intends to promote and also maintain demand for gold.

0:00 – Wheaton Valuable Metals Q1 outcomes
3:02 – Using a royalty and also streaming model in the EV space
4:05 – Mining and also the commodity cycle
6:47 – Silver is headed higher on commercial demand
9:11 – Gold and also cryptocurrencies
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