China tells people to buy gold & silver

[Sled]

Maube they just want their countrymen to invest more in tangible and physical asset that have a real value on it. They says that this asset will really give you an assurance of profitable assets. Maybe this is also their way to prevent their people to invest in cryptos that will have less assurance or just a scam. Nowadays, some tokens will jist give you a false hope, but in tge end its just a pump and dump scheme.

Yeah you are right for most people gold is more valuable than bitcoin because they don’t know anything about bitcoin and Altcoin and gold is real money. So they buy gold for their future savings. Gold is the only thing in the world that all the people want to buy no matter how much money they have and what business they are doing. Gold is the label of richness.

Yup, they only know the good side of bitcoin and that means that they are not yet oriented on how good is bitcoin because with bitcoin they can easily make money and their profit in holding and buying gold will become nothing compare to the profit that they can create with bitcoin, so if i were them i will still prefer buying bitcoin.

[Ava Duvall]

At the moment, the movement of the yuan currency is being corrected where there is potential Beijing will buy more gold.Because China is the world's largest gold consumer.

that is absolutely right . so in a way investing into gold is a good investment

[v3liana]

China goverment really hate cryptocurrency and they do think they would always become market leader without cryptocurrency and i believe they were wrong. Its just like you just make your fintech stop and you dont want to develop and adapt a new way of payment. I think china just afraid that they will lose influence in financial matter. I believe china had the biggest influence in our economy and they should not afraid, they should embrace cryptocurrency and help it cryptocurrency to be more safer and secure for transaction, i believe if they do that they would become more bigger and stronger country.

[casternetwork]

This is not the correct news. I think China is a thriving cryptocurrency country. Most Chinese are investing in Bitcoin and NEO. Surely the Chinese government will encourage people to invest in cryptocurrency rather than gold or silver

[piterpie]

Governments of all nations favor people investing in gold and silver, not just China. For governments, cryptocurrency is still risky in the future, and they do not want their people to invest in high-risk things like Bitcoin and altcoin.

[jackky]

When the price of Bitcoin and the cryptocurrency market has risen sharply, as far as I know, China's gold and silver prices are declining because there are many sellers of gold and silver to invest in Bitcoin. So, the Chinese government want their people to return to invest in gold and silver

[legenduim]

But many Chinese guys do support the cryptocurrency. They even go to the other countries that are more friendly to crypto and trade there. I guess they are earning more than their compatriots.

[gandhe83]

Right. The Chinese government does not trust the electronic money market. Electronic money can affect the national currency system. Investing in e-money will be a big risk. So they should buy gold and silver.

China does so as a safeguard for their country. And they always have the idea of buying all the other countries' materials for their country. After all these countries run out of natural resources will have to buy the Chinese at a very expensive price. With gold and silver, they think so and it is a rare item for life.

[virasog]

Maube they just want their countrymen to invest more in tangible and physical asset that have a real value on it. They says that this asset will really give you an assurance of profitable assets. Maybe this is also their way to prevent their people to invest in cryptos that will have less assurance or just a scam. Nowadays, some tokens will jist give you a false hope, but in tge end its just a pump and dump scheme.

Yeah you are right for most people gold is more valuable than bitcoin because they don’t know anything about bitcoin and Altcoin and gold is real money. So they buy gold for their future savings. Gold is the only thing in the world that all the people want to buy no matter how much money they have and what business they are doing. Gold is the label of richness.

Bitcoin is already banned in china and in order to completely finish it, china is promoting gold and silver. They know these gold and silver can work same as crypto currency so why not promote them instead of crypto currency. They can apply fees on them but since bitcoin is decentralized and anonymous so its hard to applying tax on it.

[First77]

Governments of all nations favor people investing in gold and silver, not just China. For governments, cryptocurrency is still risky in the future, and they do not want their people to invest in high-risk things like Bitcoin and altcoin.

Russia's gold reserves have reached 2000 tonnes. Could be highest.

[Kurokyy]

Governments of all nations favor people investing in gold and silver, not just China. For governments, cryptocurrency is still risky in the future, and they do not want their people to invest in high-risk things like Bitcoin and altcoin.

Cryptocurrency is very risky because the market is volatile and that is the reason why bitcoins is very profitable as well because you can use the volatility to earn profit by trading.

[2girls]

Maube they just want their countrymen to invest more in tangible and physical asset that have a real value on it. They says that this asset will really give you an assurance of profitable assets. Maybe this is also their way to prevent their people to invest in cryptos that will have less assurance or just a scam. Nowadays, some tokens will jist give you a false hope, but in tge end its just a pump and dump scheme.

Yeah you are right for most people gold is more valuable than bitcoin because they don’t know anything about bitcoin and Altcoin and gold is real money. So they buy gold for their future savings. Gold is the only thing in the world that all the people want to buy no matter how much money they have and what business they are doing. Gold is the label of richness.

All they're doing just lifting there people heart from bitcoin But people are more wise than their thought they know bitcoin has more potential and its increase more than Gold.

[vachellie]

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

China has $2 Trillion to $5 Trillion for Gold ?? Chinese government told/encourages its citizens to buy gold and silver in 2012.

I don't see any problem from that, Chinese government only want their people to invest to something more stable than investing in here. Because they know crypto currency is more risky then investing in silver and gold.

[imapd]

China is a superpower country and their opinion is really significant from among countries on the stage, I wish they will accept and experience the full advantage of using bitcoin and blockchain among their Traders.

[redsun114]

Right. The Chinese government does not trust the electronic money market. Electronic money can affect the national currency system. Investing in e-money will be a big risk. So they should buy gold and silver.

China does so as a safeguard for their country. And they always have the idea of buying all the other countries' materials for their country. After all these countries run out of natural resources will have to buy the Chinese at a very expensive price. With gold and silver, they think so and it is a rare item for life.

That is right. There are people who would invest in gold because they have their own logic behind their this decision and there are those who would love to go for investing in crypto currency.

I believe the later decision is more portable in many aspects because investing in crypto like Bitcoin imparts you the freedom to use the coins anywhere in the world for instant transaction and avail the related benefits unlike the gold which at times cannot be converted into cash instantly and can take lot of time to get the job done.

[Veeggaa]

For me, investing in a stable assets like gold and silver is a safer way for me because we can sell it anytime without loss as it's price keep on increasing unlike crypto that is very volatile that may result in loss if we sell it during dip. My only concern with these satble assets is it's security as we all know that most of the time we heard news about robbery, theft and it sometimes cause death for owners who fight against burglars. I think this is not just good for the people of China but for the whole country in general most especially to it's economy and they may use it to back up they fiat currency just like other highly developed countries did. Any thoughts?

[automaticmoney]

if China tells people to buy gold and silver it is a positive sign for Chinese citizens in terms of government supporting physical assets to buy and hold

[atariguy]

China often takes the lead in investment and I think this is a great step. the fact that they advertise the possibility of buying gold and silver proves once again that the population has a desire to learn and gain new knowledge, for it to get money. therefore, we observe further what they will conduct a policy towards cryptocurrencies

[bilyboy]

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

China has $2 Trillion to $5 Trillion for Gold ?? Chinese government told/encourages its citizens to buy gold and silver in 2012.

The chinese government tells that way because they afraid that the things they've serve will be useless because of the digital currency like bitcoin and altcoins. I think they suggest that because the price of it are not stable that's why they don't want to have a connection on this. But in reality cryptocoins gives us more benefits and profits than gold and silver.

[Reza1893]

The chinese government tells that way because they afraid that the things they've serve will be useless because of the digital currency like bitcoin and altcoins. I think they suggest that because the price of it are not stable that's why they don't want to have a connection on this. But in reality cryptocoins gives us more benefits and profits than gold and silver.

The volatility in bitcoin/crypto indeed made the Chinese government anxious. this will be very disturbing and will cause panic. because of that the Chinese government recommends investing in silver and gold.