You are here

'Buy bitcoin' overtakes 'buy gold' as online search phrase

Section: Daily Dispatches

By Eddie VanDer Walt
Bloomberg News
Tuesday, November 7, 2017

Add bitcoin to the list of things denting gold's appeal.

Bullion's rally faltered in the past two months as the dollar strengthened and global equities set new records, while concerns over Brexit and Catalonia’s push for independence failed to drum up notable haven demand. Now bitcoin's surge is attracting investor interest toward the cryptocurrency and away from the metal, the biggest online vaulting service said.

According to Google Trends, global searches for "buy bitcoin" have overtaken "buy gold" after previously exceeding searches for how to purchase silver. Last month, the amount of gold changing hands on BullionVault's online trading platform dropped by almost a third from the 12-month average. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2017-11-07/bitcoin-rally-is-erod...



ADVERTISEMENT

Buy metals at GoldMoney and enjoy international storage

GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

http://www.goldmoney.com/?gmrefcode=gata



Join GATA here:

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16