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Published on Gold Anti-Trust Action Committee (http://www.gata.org)

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

By cpowell
Created 2017-11-07 14:38

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... [1]



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