BullionVault, an online precious metals trading company, recently reported a sharp rise in demand for gold. At the end of May 2021, this figure almost doubled, namely, by 97%. Thus, the month of May has become a record for the previous four months. Moreover, the volume of gold among the company's clients has reached a new historical record. This was reported by the portal BusinessInsider.com with a link to the company's report.

“Any debate that cryptocurrencies will replace gold as a key asset in an investment portfolio has received a very clear and unambiguous message recently,” said Adrian Ash, director of research at BullionVault in London. The fact is that in May of this year, the bitcoin rate fell by more than 30%.
He also said that the main reason for the rise in gold prices was investors' concerns about inflation. According to the latest data, consumer prices in the US in May increased by 5% on an annualized basis. The financial markets are dominated by uncertainty and concern about the future prospects for the development of the situation in the world.