China tells people to buy gold & silver

[dario.93]

For sure isn't any problems with  that, they could advice to people to do anything they want, but they must to dont let to limit that any way .

[Sled]

Buy gold and silver if you are a conservative investor and i don't have any disagreements to the china if they are telling their citizens to buy gold and silver because they are indeed great investment though but if you are into more a high risk investment then bitcoin and other cryptocurrencies are the best option.

[Wintersoldier]

I don't see any problem with that. Our family business is about gold and silver since the 90's and I think, 2012 is the year were gold and silver has its highest price. I think China promoting gold and silver works because the demand is really high that time. The sad thing is that it declined from 2013 until today. The demand for gold and silver goes down. People just want to buy smartphones and gadgets instead of jewelries.

That is probably an economic strategy. We all know that China is becoming an economic tycoon world wide, and they have a good economic background in trading, mining and exchange ever since. Gold and silver are two of the most stable investment known. And the introduction of alternative choice of investment like bitcoin, would probably become a problem about their complete control on their economic platform.

[First77]

Today Gold price is up +2% due to dangerous talks between USA and Russia and Syria situation where 7 Iranians have been killed in Israeli airstrikes

[Da2ja3]

I dont know why government always want to enforce their opinion on citizens. Whose choice is it to make on deciding the kind of investment i do. The government needs to take a chill pill.

[Opekin]

Why not? Gold and Silvee are both stable moving upward prices and its much less prone to scams. This two physical materials will be much worthy to hold as well as bitcoins. Chinese promotes yuan and gold backed currency and other using of gold instead of using dollars.

[jeremypwr]

No offense to China but I don't really think he Chinese gov is in it for the est of interest of its people.
I don't want to make this a political debate, but a country with communist influence is more likely to care about the powers to be, rather than its citizens.
So any advice China gives to its people should be taken lightly.
By the way, I have visited China and it's a beautiful country.

[nomenclatur]

Is not it natural that we invest in gold and have been running from before the technology. But gold investments also will not generate much profit because the annual increase is not so great but the risk is very small, even in my country we better invest in the land because the land is faster in growth in price because in accordance with the value of infrastructure, I think even though there are articles so will have more impact on the development of Crypto because I think people are getting smarter where the best investment tools today.

[aurorabitcoin.96]

For sure isn't any problems with  that, they could advice to people to do anything they want, but they must to dont let to limit that any way .

I think China Government don't want their citizen tricked by SCAM ICO, and Gold-Silver have fixed price and it is more secure to invest rather you speculation with Virtual Coin.

[gamalzour]

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.

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.

We all know that china is one of the super powers in this world and that it has got lot of advancement in almost all the aspects of life. The only thing which the government of china wants to do and is trying hard for that purpose is none other than that of gaining control over all the crypto currencies and for that, they are using their man power in a negative manner by bringing down the value of the crypto coins.

[tuikindu01]

While I don't think this is a bad investment, I don't think the government should push it.

I think it would be better to invest in encrypted currencies than gold.

[First77]

While I don't think this is a bad investment, I don't think the government should push it. I think it would be better to invest in encrypted currencies than gold.

Gold is Universal investment. The amount of gold worldwide determines the price of Gold.

[OrangeII]

While I don't think this is a bad investment, I don't think the government should push it. I think it would be better to invest in encrypted currencies than gold.

Gold is Universal investment. The amount of gold worldwide determines the price of Gold.

not strange if the Chinese government says to buy gold, because gold is a convincing investment. besides, investment in gold is very clear, because its value will always increase. for now, I also think to have some, but I have to collect money first by using crypto investment.

[dario.93]

I think China promoting silver and gold, because the demand of them is really high at that time. It declined from 2013 year until today

[Pelevelyl]

Gold and silver are less volatile assets than cryptocurrency, for example. So let people lose less money.

[MonkeyGolden]

China tells its people to buy gold and silver because they still do not believe the virtual currency will be a replacement for gold and silver in the future. Maybe they still understand the importance and necessity of virtual currency development, but the insistence and somehow their traditional preference for gold and silver has made them not paying much attention to virtual currency.

[jona]

For the fact that China are much more interested in bitcoin investment it dose not mean that they will not encourage the citizen on other investment, it isva free world.

[polaman]

China still doubts the bitcoin to be invested in the absence of laws governing bitcoin in China, so they advise people to invest in gold and silver,because they think gold and silver are safer to make long-term investments.

[worle1bm]

There is no need to worry about it because gold and silver were the people's prior investment before these virtual currencies. China was larger stock house of these assets so they are asking the people to invest in it as it is much safer than these cryptocurrencies but they try to manipulate the prices by doing all such things. But there is nothing to be worried about.

[t2yax]

We know how to invest also in buy and sell procedure. We see how much money involve in buy and sell. First we have to know how much will be the best way to earn money, we see how trading in bitcoin works, just like buying gold and silver. Secondly, we should have a large amount of money in investing buy and sell investments.