while the price of a new Bitcoin record highs, gold paler appears in the Google search with keywords superiority of digital currencies on the precious metal for the first time. As the Bloomberg newspaper reported on Tuesday, the term "buying a bitcoin" is now more used than "buying gold," pointing to the fact that the price of one Bitcoin exceeded the price of a ounce of gold for the first time this year. "The US stock market is setting new record highs day after day," said Adrian Ash, director of research in Britain. In addition, some investors are being distracted by the noise that is currently occurring with regard to Bitcoin and other digital currencies. "
Where financial commentators explicitly said that when looking at 2017 gold earnings, it would be easy to choose to buy Bitcoin as a short-term investment this year. Adrian Ash added that "BullionVault" saw a 30 percent drop in monthly gold trade for October compared to the annual average. Where gold was down 6 percent from a year high in early September.
On the other hand, the precious metals industry has started to focus on the new blockchain technology. The weekend "Cointelegraph" reported how the Royal Mint of the United Kingdom experimented with the gold tracking system using blockchain technology, with 50,000 already verified before its public launch.
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