China tells people to buy gold & silver

[logicgate]

Maybe they think realistically by investing in gold or silver. Anyone who does not really know the value of bitcoin and doubt it would prefer gold and silver. As for those of us who already understand will choose bitcoin because the value and the price is higher.

The China want their people to invest in gold and silver  for many of Chinese do not believe in Bitcoin however many Chinese companies also pay salaries to their employees in Bitcoin. Gold and silver is a long term business people are doing it from long times. Those people who have no idea about Bitcoin can go to buy gold. Bitcoin is the latest technology with wide range of applications which can be explored on the forum.

[Bacotan Bae]

The Chinese government recommends people to buy gold & silver, but as a citizen of china will certainly consider many things and I think the most dominant consideration is the prospect to get profit or not, if buying gold and silver takes a long time to profit then this will make citizens china refused.

[DiabolicAnt]

Well, that's probably not a surprise if we take in account that China already banned crypto and a lot of other things...

[Dark Sky]

Well, that's probably not a surprise if we take in account that China already banned crypto and a lot of other things...

Yes china banned bitcoin but their people still like this currency and they invest their a lot of money in bitcoin because they know bitcoin is a very profitable currency and it will reduce poverty from their life, but their government suggest to them about gold and silver, it is never profitable like bitcoin, so those people who cannot join bitcoin they buy gold & silver but other people are still trust in bitcoin.

[zwiggel]

I think the Chinese government does not believe in bitcoin. They think that bitcoin bitcoin affects the economic development of the country. Bitcoins do not bring good things to those who invest in bitcoins. So the Chinese government advises people to buy gold and silver.

[setupbounds]

Yeah! that’s perfectly okay as there is no problem in buying gold and silver.

It’s also a good idea in the long term business as the price of gold and silver are going high slowly and gradually. If people start buying gold and silver the demands will goes high and the price will also be increased. Gold has a stable position it can give us profit but will take a lot of time because its price goes up slowly. Investing in Bitcoin is good because Bitcoin makes billionaires out of small but long term investors.

[Dwarf42]

Some major events as seen by China.

More....

It turns out that there is also “advertising” for gold and silver in China, too. The big difference here is that it is China's government which is advertising the “opportunities” in gold and silver and it is urging the Chinese people to buy gold and silver.

An article from mining web-site, Mineweb quotes a program which appears on China's largest (state-owned) television company, promoting bullion-buying in general, but stressing that silver is currently the best value for investors (no surprise to regular readers):

https://seekingalpha.com/article

Chinese government told/encourages its citizens to buy gold and silver in 2012.

You can see that gold prices have been rising steadily and have been peaking for the past three months. I think that at the moment the market capitalization of the crypto market is falling sharply due to the fact that it has moved to the forex market. to invest in gold. I believe that in the next two years gold prices will increase steadily and will develop very stable. So at this point you can start buying and holding gold, Gold is currently at a very good price so you can buy.

[dev9t9ok]

Silver looks good for buying but gold is not because we have a strong dollar and growing yields in bonds I am not sure that it is a good time to buy gold or silver right now. I would not buy gold right now but I would buy silver in metal or ETF for very long term investment.

[Digital_Lord]

Maybe they think realistically by investing in gold or silver. Anyone who does not really know the value of bitcoin and doubt it would prefer gold and silver. As for those of us who already understand will choose bitcoin because the value and the price is higher.

They are doing the right thing because gold and silver are the original money and all other are just papers and coins. Important thing is that you will have full control on your holdings in shape of gold or silver. One most important thing is that gold and silver are most reliable than bitcoin because bitcoin depends upon internet and if there is no internet all your money disappear.

[PayneCharity]

i guess there is nothing strange with china, because we know that gold is an investment tool has been a long time ago. so the government may suggest to invest safely

it's correct. I have never seen a country in the world encourage people to invest in electronic money. because the government wants its people to be safe. And they know that electronic money is still hiding a lot of risk

[First77]

Gold and silver has become two of economic assets for many centuries, there is nothing wrong with that. Since china now is one the biggest country in the world, their economics also has a strong effect for the world economies. It was like there nothing we can do about their policy

Buying Gold and Silver now is the best, safe and most profitable investment. Do you plan to invest your money in gold and Silver ??

[satria stell black]

Some major events as seen by China.

More....

It turns out that there is also “advertising” for gold and silver in China, too. The big difference here is that it is China's government which is advertising the “opportunities” in gold and silver and it is urging the Chinese people to buy gold and silver.

An article from mining web-site, Mineweb quotes a program which appears on China's largest (state-owned) television company, promoting bullion-buying in general, but stressing that silver is currently the best value for investors (no surprise to regular readers):

https://seekingalpha.com/article

Chinese government told/encourages its citizens to buy gold and silver in 2012.

The Chinese government strongly advises and forces its citizens to buy gold and silver because they want their citizens to invest only in these two items. The Chinese government does not want its citizens to invest more in Bitcoin than gold and silver. I think this is one of the goals of the Chinese state government.

[cheeseandcrackers]

China is trying to squelch interest in BTC so they can ban it and keep the public happy, it wont work though.  You'd be a fool to not get a slice of this pie before bitcoin really takes off in the next few years.

[erundook]

That would be a horrible idea to go through the process of converting cryptocurrency savings from some metals into the real money especially for day traders and other investors who prefer short term trading. The exchange time would be way too long.

[traderethereum]

Gold and silver has become two of economic assets for many centuries, there is nothing wrong with that. Since china now is one the biggest country in the world, their economics also has a strong effect for the world economies. It was like there nothing we can do about their policy

Buying Gold and Silver now is the best, safe and most profitable investment. Do you plan to invest your money in gold and Silver ??

I think I will buy gold and silver if I can make more money from the cryptocurrency so I can have another investment type besides cryptocurrency. I think it is a good idea to buy gold and silver but we need to have money to buy gold and silver. but I wonder why China tells people to buy gold and silver at the same times and it makes me curious.

[webdevmastery]

Some major events as seen by China.

More....

It turns out that there is also “advertising” for gold and silver in China, too. The big difference here is that it is China's government which is advertising the “opportunities” in gold and silver and it is urging the Chinese people to buy gold and silver.

An article from mining web-site, Mineweb quotes a program which appears on China's largest (state-owned) television company, promoting bullion-buying in general, but stressing that silver is currently the best value for investors (no surprise to regular readers):

https://seekingalpha.com/article

Chinese government told/encourages its citizens to buy gold and silver in 2012.

China is the land of factories and different job so its normal for their country to promote anything because they are one of the countries who are very competitive in terms of wealth and they also want to improve their own economy even more.

[Twentyonepaylots]

I do think that’s the best move and if I’m not mistaken this is the start of making a currency backed by gold and silver that Russian and Chinese rumors about as to replace US currency. It’s so coincidental or that this news is probably true. But with this, the possibility of cryptocurrency being affected is minimal as they already an irrelevant country in virtual world. I’m not a fan of precious metal as investment, so I think I’m good with it.

Gold is $1340/ounce and Bitcoin is $6,800. Think about about reading the news...... See below  

I know and you think that matters? The price, when we all know that China is critical to cryptocurrency not like before. Are you serious they gonna promote crypto than gold that they’re against with.

They would rather convince Chinese investors to their advantage and as a former communist country the government have the power to do so. Easily.

We have different kind of Government set up compare with other country like china, with this country, their government can promote Gold or Silver as it fit for their people, yet, if you look into the digital currency trading, there are some chines investor in the crypto  currency market, the government can always promote goods for their  market yet, the people still have the option to participate in such investment, i don't see any wrong on the promotion of such country for what ever goods they want to push in the market, only able investor can participate in that kind of solid investment in the market.

[Lorence.xD]

I do think that’s the best move and if I’m not mistaken this is the start of making a currency backed by gold and silver that Russian and Chinese rumors about as to replace US currency. It’s so coincidental or that this news is probably true. But with this, the possibility of cryptocurrency being affected is minimal as they already an irrelevant country in virtual world. I’m not a fan of precious metal as investment, so I think I’m good with it.

Gold is $1340/ounce and Bitcoin is $6,800. Think about about reading the news...... See below  

I know and you think that matters? The price, when we all know that China is critical to cryptocurrency not like before. Are you serious they gonna promote crypto than gold that they’re against with.

They would rather convince Chinese investors to their advantage and as a former communist country the government have the power to do so. Easily.

This kind of promotion by certain country with Gold and Silver investment is not new, the government actively participating in the trading market of Gold and Silver in some way favorable to their people who are offered to invest with Solid goods of investment, if we look into the digital trading market or the crypto currency trading, we can notice that some chines investors are actively participating into the crypto currency investment project. It is good to note, that this kind of promotion is none relevant to the crypto currency market trading, maybe they need to sell this product because of the possible over production of this minerals by the chines company or the government.

[crafted]

I do not uunderstand why they do not believe in bitcoin.The China want their people to invest in gold.Also silver  for many of Chinese do not believe in Bitcoin.They should believe in their virtual money.In my opinion,people in the future will deal with virtual money.That's why they have to believe in bitcoin and this bitcoin will have to be invested.

[esprit man]

China  is a big country. many people lives in china. Once day china will use bitcoin. They were told to invest in gold, silver. Investing is good. It can be beneficial . If someone at this time disbelieves bitcoin, then I am very unhappy. We all want people to improve in life.