THE QUERY IN THE SEARCH ENGINES FOR "BUY BITCOIN" OVERTOOK "BUY GOLD"

It seems that it's time to add Bitcoin to the list of things that challenge the attractiveness of gold - this is what is reported on the website of the Bloomberg agency.

Over the past two months, the rally of gold bullion has slowed down as the dollar strengthened and new records of global shares. Anxiety about Brattain and the struggle for independence in Catalonia was not enough for a significant demand for a monetary "shelter".

And Bitcoin's growth attracts investors' interest in crypto-currencies, drawing attention from noble metal. This is reported by the data of the largest online storage.

FIGHTING IN SEARCH ENGINES

According to Google Trends, the number of global "buy bitcoin" requests exceeded the corresponding "buy gold" indicator. Earlier, the same happened with requests for the purchase of silver. Last month, the number of transfers of gold from hand to hand on the online trading platform BullionVault fell by almost a third of the average for 12 months.

"As US stock exchanges set new historical records day in, it's not surprising that gold prices have dropped," explained Adrien Ashe, director of research at London-based Bullion Vault. "Some investors are also distracted by the hype surrounding Bitcoin and other crypto-currencies. In total, this leads to the lowest interest of new investors in gold for 5 years from the end of 2015. "

Having risen by an annual height of September 8, gold managed to fall by 6%, which reduced the growth rate this year to 11%. Bitcoin took off more than seven times in 2017.