China tells people to buy gold & silver

[First77]

China is one of the competitive country in terms of economy so it was normal for their country to advertise different types of assets but still i prefer cryptocurrency because it was more profitable.

China had issued 7.03 billion bank cards by the end of 2017, meaning each Chinese national has about 5 #cards on average, according to a new report released by the China Banking Association.

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[xyandrobot]

Yes I think china is starting to re-promote real investments like gold and silver so its citizens do not use the money for crypto. crypto is considered an investment that has no tangible assets. the Chinese government also limits crypto trading for now.

[First77]

There is 20 grams silver is an average sized solar panel.

World's largest solar farm with a whopping 3,450MW installed capacity in a 298-sq-km park, a size equal to 5 Manhattans. It is in China

https://twitter.com/PDChina

https://twitter.com

[jaysabi]

Yes that is right that gold is an investment tool, but from bitcoin  then profit that we can get in a short time is not possible from gold or any other type of investment or trading, I think that in current time bitcoin is the best tool for making a lot of money in a short time. I am sure that very soon they will review their decision of banning crypto currencies.

My study of financial markets say Bitcoin will be $15,000 only in year 2024. That is 100% profit after 6 years. $8,000 is lots of money so there are more sellers for Bitcoin and less buyers at $8000

If gold price goes up +12% every year for 6 years, Gold will around $2,200/ounce in year 2024. That is 75% profit.

Also Bitcoin is high risk investment and Gold is the safest investment.

Safest doesn't mean best. If you're "investing" in gold, your strategy ought to be wealth maintenance, not wealth accumulation. People who invest in gold are already rich and looking to maintain that level of wealth in the face of inflation. That's why it's traditionally safe (over very long time periods), because gold tends to track inflation. The "increase" in the price of gold isn't anything more than the cost of everything else rising faster in an economy; this depreciation of the dollar pushes the price of gold "up," but in real terms, you generally can expect to have the same amount of wealth as when you started. In contrast to the stock market, which actually creates returns above the inflation rate, gold is an inferior investment if you're trying to become richer than you are currently. Over long time horizons, which smooths out the variance of both, the stock market wins.

[acheampong64]

Note: If you like my topics/threads and posts give me "+merits". See on the right side of each post (top right corner) there is "+Merits"

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.

Gold has proven to have value and so people have invested in Gold for long decades. I think there are many countries apart from China that encourage citizens to get gold assets.

[InKiTy38]

China is a densely populated country in the world and their government is still having a lot of problems with the bitcoin of some major Chinese exchanges that have moved to Japan and Korea.

[First77]

China fires 10 missiles at the same time video

Video: https://twitter.com

Video: https://twitter.com/PDChina

[Andrew S]

Well it is quite logical, precious metals will always be in price and they advise their citizens to invest in a stable currency.

[TheClownSong]

As far I know, china government is one biggest gold holder in the world beside Germany and America. Gold already known for centuries as safest currency and its more resistance on inflation. I think it quite normal if government suggesting the best for their citizen

[biletskiy]

I think it is not unfamiliar to the countries that go for the most .sl gold and some countries have also started advertising gold and silver. And the government agrees to it and supports it.

After barter system people started using gold and silver and from that time gold is popular around the world. This is not the most precious metal in the world but I don’t think that there would be a home that would not have gold. Gold can solve your financial problems in hard times while no other currency can take place of gold, even bitcoin also not capable of that.

However, gold is always in a demand. Besides it, Chinese people still go on dealing with the cryptocurrencies. To do it, they use all the ways that are possible.

[deloreswest]

I dont know why goverment even care and bother to encourage their citizens to buy gold and silver, i believe goverment of china is really bad guy here, they pushing down their own currency to make their country great at export and to make people to build a company  their cause worker are paid low and its very low cost to produce a product, meanwhile many of their people are suffer cause they need more money to buy things they needs.

[dankboner83]

They are buying gold and reducing US Dollar at the same time. They may see the future of US Dollar loses its value so they are trying to reduce the risk of having too much US Dollar.
Then they also try to buy enough gold to back up their currency.
This is all I heard.

[First77]

China fires 10 missiles at the same time video

https://twitter.com

https://twitter.com/PDChina

[icecream sandwich]

Note: See on the right side of each post (top right corner) there is "+Merits"

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.

dont know why goverment even give it a second thought and try to urge their subjects to purchase gold and silver, I trust goverment of china is extremely terrible person here, they pushing down their own particular cash to make their nation extraordinary at trade and to make individuals to fabricate an organization their motivation laborer are paid low and its ease to create an item, in the mean time a considerable lot of their kin are endure cause they require more cash to purchase things they needs.

[First77]

I think China is doing it to make the electronic currency go down. Then it will take over the money, then China will be the holder of this currency. Then all the countries in the world are dependent on the medium. China's expansion into the world of China.

North Korea nuclear deal: US attitude 'regrettable', says Pyongyang

North Korea has branded the US attitude at the latest talks over its nuclear programme "regrettable" and "extremely troubling".The statement, by an unnamed foreign ministry official, contradicted the version of events given by US Secretary of State Mike Pompeo just hours before.

He had said progress was made during his two-day visit to Pyongyang.It was the first time he had visited North Korea since the Donald Trump-Kim Jong-un summit in Singapore."We had anticipated the US side would come with a constructive idea, thinking we would take something in return," the North Korean statement said."But through the high-level talks, the trust between the DPRK and the United States is facing a dangerous situation where our resolve for denuclearisation, which has been firm and steadfast, may falter."

https://www.bbc.com/news

[cloudproject]

Well buying gold and silver are very good for investment. That stuff are favorable to invest anyway from year to year and the good is it can help for country if many peoplr investing in that

[petronus]

The Chinese government wants to increase the thinking of its citizens to invest in more tangible assets to reduce losses due to investing in cryptocurrency. it is very good to keep in the future the people in china get the real profit from investing.

[pivxmen]

All investments are very good if all smart people choose the investment model that existed in this year. if I see gold and silver is very good if invested because every year gold has increased price and investment in gold more real than investment in crypto.

[bryant.coleman]

This news is not very reliable. Why should China ask its citizens to pile-up bullion metals such as gold and silver? If the import volumes of these metals increase, then the trade balance will be disrupted and it may get difficult for the Chinese to control the exchange rates of Yuan.

[josephpogi]

Note: See on the right side of each post (top right corner) there is "+Merits"

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.

In my opinion. the possibility of the Chinese government is shifting the focus of the investors to prefer gold or silver to be used as an investment tool. and reduce investment in the form of digital currency. so it will be more profitable for a more real and targeted Chinese economy to get definite results.