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BitcoinMarshal
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April 09, 2018, 05:21:59 PM |
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There is nothing new in this news because not alone China some other countries also encouraging citizens for investment other then Bitcoin and Crypto Currency but its not going to hurt us as much few are fearing because its already happen in past as well this community is growing very positively and quickly without any big help and will go far as Governments and big whales going to resist against this freedom of money for us
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Lieldoryn
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April 09, 2018, 06:11:24 PM |
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Why buy gold and silver? There are only a limited number of buyers of these metals who hold a monopoly on operations with precious metals. You will always depend on their actions. Cryptocurrencies are better. There are many people who are ready to buy coins from you. You only have to choose the buyer.
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richardsNY
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Activity: 1232
Merit: 1091
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April 09, 2018, 06:39:09 PM |
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They have at least control in the gold and silver investment that they can put a tax on their people as well used in in the growing circulation of their market, they see crypto somehow threatening their industry since its decentralized and the profit goes not only within their limit but its worldwide.
It has nothing to do with enforcing tax or that they have control over precious metals. In fact, buying gold or silver also equals reaching a decentralized state (obviously not referring to paper gold), just like crypto. China itself has been a major buyer of gold throughout the years, not only to strengthen their reserves, but also to hedge their own fiat currency. I have also been buying small bits of gold and plan to continue doing so for many more years. I like to have something of value in physical form that I can use as currency in case something happens, and gold is perfectly suited for that. Everything is almost better than letting your money rot in your bank account.... |
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semobo
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April 09, 2018, 07:00:38 PM |
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For centuries gold has been considered as the best investment but bitcoin was found before ten years so no one can suggest it as the best to invest but we can't compare gold investment with cryotocurrency investment because the growth rate of gold is very very low but in cryotocurrency it is very huge so different in the returns so difference in the risks too.
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biboy
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April 09, 2018, 07:01:06 PM |
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They have at least control in the gold and silver investment that they can put a tax on their people as well used in in the growing circulation of their market, they see crypto somehow threatening their industry since its decentralized and the profit goes not only within their limit but its worldwide.
It has nothing to do with enforcing tax or that they have control over precious metals. In fact, buying gold or silver also equals reaching a decentralized state (obviously not referring to paper gold), just like crypto. China itself has been a major buyer of gold throughout the years, not only to strengthen their reserves, but also to hedge their own fiat currency. I have also been buying small bits of gold and plan to continue doing so for many more years. I like to have something of value in physical form that I can use as currency in case something happens, and gold is perfectly suited for that. Everything is almost better than letting your money rot in your bank account.... Maybe they are big supplier of it that is why they kept promoting it, I am find also in gold because you can covert it into cash when possible and necessary in case of emergency, but in bitcoin you can do it too, so for me invest in them both but more on bitcoin of course. |
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wxxyrqa
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April 09, 2018, 07:28:13 PM |
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For centuries gold has been considered as the best investment but bitcoin was found before ten years so no one can suggest it as the best to invest but we can't compare gold investment with cryotocurrency investment because the growth rate of gold is very very low but in cryotocurrency it is very huge so different in the returns so difference in the risks too.
of course a very good Shah, when one side will buy gold and silver. If you imagine that the whole world is crazy and began to debug its money in the crypto currency, then against the background this valuable metals will depreciate. But the time will come that we will remain with no one else, having only air in our hands as a crypto currency. And China will own all the reserves of world silver and gold a. |
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First77 (OP)
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April 10, 2018, 02:40:20 AM |
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I think it is not wrong to buy silver and gold, it is also a very good investment. but, not everyone can buy, and take advantage of it. many people expect crypto, but china banned it for his country.
People are buying Bitcoin for $8,000. That way, Gold at $1340/ounce and Silver at $17/ounce is very cheap. |
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semobo
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April 10, 2018, 07:50:05 PM |
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I think it is not wrong to buy silver and gold, it is also a very good investment. but, not everyone can buy, and take advantage of it. many people expect crypto, but china banned it for his country.
People are buying Bitcoin for $8,000. That way, Gold at $1340/ounce and Silver at $17/ounce is very cheap. So what the value of bitcoin is $8000 at the time of their buy and the balue of gold and silver as you said.Everything has different value in this world. |
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btc_angela
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April 10, 2018, 10:17:43 PM |
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I think it is not wrong to buy silver and gold, it is also a very good investment. but, not everyone can buy, and take advantage of it. many people expect crypto, but china banned it for his country.
People are buying Bitcoin for $8,000. That way, Gold at $1340/ounce and Silver at $17/ounce is very cheap. Yes, there's nothing wrong of buying precious metals in my opinion. Its how to take the risk here. And precious metals has also advantage against crypto and vice versa. So I wouldn't put any malice on China encouraging their people to go and invest on golds and silver. And its pretty obvious that they are really anti crypto, so it would make sense for the government to tell their people to look for other investment platform as well. But please don't compare their buying prices, because you will really see a big difference here. |
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tabas
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April 10, 2018, 10:29:03 PM |
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Gold and silver is popular and there's even a famous pawnshop that has it's own tv show in the US.  People are buying Bitcoin for $8,000. That way, Gold at $1340/ounce and Silver at $17/ounce is very cheap.
Each investor does have their own preferred investment and if others are buying bitcoin at the cost of $8,000 it doesn't matter, there are even some that bought at $19,000. |
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ahiaba.john@yahoo.com
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Activity: 365
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April 10, 2018, 10:43:26 PM |
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Of course why don't them advertised gold and silver? China are into mining of gold and silver and therefore what there are doing is to move their market and booste Chinese economy. The want to remain relevant in the top most largest economy in the world.
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andreijoaquin
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April 11, 2018, 04:27:09 AM |
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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/articleChinese government told/encourages its citizens to buy gold and silver in 2012. Even before chinese government is not in favor of bitcoin or any crypto currency, they even banned exchanges for bitcoin. They think cryptos will not last and that gold and silver is rather a good and safe investment to take. I think if bitcoin will go longer and stay stable, Chinese government will likely to appreciate it much better than today. |
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willnotwas
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April 11, 2018, 06:29:01 AM |
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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/articleChinese government told/encourages its citizens to buy gold and silver in 2012. Well, that only means that Chinese government is following their own strategy. With such huge amount of human resources it would be wrong not to use it in the management of their public affairs. We have to follow the situation and make our own conclusions. |
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CaptainKid
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April 11, 2018, 07:32:19 AM |
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They offer an alternative to crypto-currencies, assets that can be controlled. Depending on the crypto currency, the gold and silver market has always existed, and they know what to do with them.
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websoftwareengineer
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Activity: 364
Merit: 100
Blockchain with VTOS energy
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April 11, 2018, 07:50:09 AM |
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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/articleChinese government told/encourages its citizens to buy gold and silver in 2012. China has so many factories in their country and most of the people have different business and companies they are running on, some of the crypto analyst is saying that %30 of the contribution in the market is coming from china so i am not surprised if they will also sell gold and silver. |
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Mic85saint
Newbie
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Activity: 60
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April 11, 2018, 09:38:06 AM |
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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/articleChinese government told/encourages its citizens to buy gold and silver in 2012. gold is an investment tool has been a long time ago .. so no doubt on that . |
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DigitalFox
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Activity: 280
Merit: 28
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April 11, 2018, 10:54:56 AM |
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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/articleChinese government told/encourages its citizens to buy gold and silver in 2012. You're missing something. Actually, a lot. Gold has always been a very important sign of wealth in Asia. You can literally go out and buy bullion or jewlerry on every corner. People buy it, keep it, display it on weddings etc etc. This goes back for centuries si I can't really understand why is there an article covering such an obvious (for any asian) thing. |
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lennymat86
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Activity: 140
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April 11, 2018, 10:55:31 AM |
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Why not? Investments in precious metal have always been stable. Gold and silver will always be in price. Of course, they can not be earned as fast as a cryptocurrency, but too much to lose, too.
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toolucky98
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April 11, 2018, 11:05:51 AM |
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If we think logically, gold doesnt have any value but people just give it value because its limited, BUT the truth is the limit is still unknown.
Not like bitcoin and other cryptocurrencies, they have value that it can be used for fast transaction and also they have a clear total supply.
I choose crypto, the better investment opportunity, dont be lazy and you will profit a lot.
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