Crypto SWOT: bitcoin is having a tough start to 2022
(Kitco commentary) - The most U.S. inflation in four decades is reviving talk of Bitcoin being a hedge against rising prices, reports Bloomberg, and is lifting the popular digital currency to its highest price.
Gold SWOT: UBS sees platinum prices rising to $1,150 per ounce by year-end
(Kitco commentary) - The best performing precious metal for the week was silver, up 2.66% on positive physical demand noted traders.
Crypto SWOT: BTCS is first company to pay dividends in bitcoin
(Kitco commentary) - Goldman Sachs predicts Bitcoin could hit $100,000 within the next five years, writes CNN Business.
Gold SWOT: Gold has a shaky start to the new year on hawkish Fed Minutes
(Kitco commentary) - The best performing precious metal for the week was palladium, up 1.59%, perhaps on the threat of labor negotiations breaking down in South Africa.
Crypto SWOT: In 2021 bitcoin reached $69,000. What price will we see in 2022?
(Kitco commentary) - Of the cryptocurrencies tracked by Messari, the best performer for 2021 was PieDAO Metaverse, rising 291,592.72%.
Gold SWOT: gold was the best performing precious metal for 2021
(Kitco commentary) - The best performing precious metal for the year was gold, but still down 3.64% on the threat of the Federal Reserve beginning to raise interest rates in 2022 and that inflation will subside substantially in the second half of 2022 as supply bottlenecks are cleared.
Crypto SWOT: crypto wealth mints next generation of luxury super-spenders
(Kitco commentary) - Bitcoin has retreated 30% from an all-time high, but the cryptocurrency is still about 60% so far in 2021. This return exceeds traditional assets like global stocks, commodities, and gold, writes Bloomberg economists.
Gold SWOT: Russian nationals bought a record amount of gold since 2014
(Kitco commentary) - The best performing precious metal for the week was palladium, up 1.38%, after falling over 14% in the past five trading days.
Crypto SWOT: bitcoins latest plunge highlights danger of a crypto salary
(Kitco commentary) - Bitcoin gains after consumer price index (CPI) increase renews, further fueling the inflation-hedge argument, writes Bloomberg. The largest cryptocurrency has long been touted as an inflation hedge, in part because of its fixed supply.
Gold SWOT: Kinross announced an agreement to acquire Great Bear resources
(Kitco commentary) - The best performing precious metal for the week was platinum, up 1.01%, likely responding to substitution demand. The Perth Mint said gold coin and minted bar sales totaled 115,872 ounces last month, the highest since March, according to figures on its website.
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