And bitcoin interest has also plummeted.

 

By LEE BOYCE FOR THISISMONEY.CO.UK
PUBLISHED: 15:09, 7 June 2018 | UPDATED: 15:09, 7 June 2

Searches for buy gold are at their lowest since July 2007
Major bullion exchange says first-time gold investing is at four-year low
Online searches for bitcoin also down 90% since mid-December.

The number of people interested in buying gold appears to have dwindled to an 11-year low, according to data from Google Trends.

Analysis from the search engine giant shows the lowest monthly volumes for the phrase ‘buy gold’ since July 2007, the eve of the financial crisis.

Furthermore, first-time investing in the precious metal has fallen to a four-year low according to BullionVault, the West London-based bullion exchange.

07B61288-EC96-424F-886E-4735E6DAB2AF-8017-0000055333537920

Sold gold: Data from BullionVault suggests there has been a rise in profit-taking on the precious metal

The number of people using the online gold, silver and platinum market for the first time was well below average last month. It amounted to just 57.2 per cent of the monthly average across the last five years – a level not seen since 2014.

Profit-taking in gold has also continued among its existing customer base for a second month running, it says.

It revealed that its clients liquidated 85kg as a group after selling 98kg in Aprit

READ MORE INFORMATION ON THIS ARTICLE HERE 

http://www.platform38.com/gold-investment-plan-platform38/

Platform38 logo

 

 

 

 

 

 

 

Translate »