FYI: The Bitcoin craze may have helped dull some of gold’s shine in recent weeks, but the cryptocurrency is no substitute for the precious metal.
Gold futures fell this month to their lowest level since July, settling at $1,241.70 on Dec. 12, on the heels of a rally in global stock markets and the meteoric rise in Bitcoin, which some analysts say has damped demand for gold.
Regards,
Ted
http://www.cetusnews.com/business/Are-Investors-Selling-Gold-to-Buy-Bitcoin-.SksJxpQOEMMz.html
