LONDON, 7 December 2017 – UK personal finance magazine MoneyWise today cites BullionVault's Gold Investor Index in a report on how crypto-currency Bitcoin may be denting demand for gold.
"Whether or not Bitcoin ever achieves common use as money, the cryptocurrency plainly offers investors a hot speculation and not a safe haven right now," the magazine quotes Adrian Ash, director of research at BullionVault, pointing to gold's flat performance in 2017.
Adrian "points out that German investors have so far used this opportunity to start building their gold holdings, and others might follow," MoneyWise says.
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Source:
MoneyWise
