The British BullionVault research director Adrian Ash (Adrian Ash) said: with the U.S. stock market hit a record high, the price of gold down is not surprising. Some investors have been bitcoin and other encryption currency speculation distracted. Look at the 2017 golden profit, bitcoin is more suitable for investment, the mainstream financial commentators also publicly reiterated this point.
Ash added that BullionVault's gold transaction volume in October was down 30% from the same period last year. In early September, gold prices fell 6% from a year high. In the meantime, the precious metals industry is using blockchain technology for backdoor innovations. Weekend reported by Cointelegraph that the Royal Mint successfully tested the gold tracking system with Blockchain and verified 50,000 blocks before its release.