China tells people to buy gold & silver

[bitbunnny]

It is realy not worth so much attention what China is doing. First there was panic related to  China and Bitcoin and now to China and silver and gold.
Every country has the right to suggest to their citizens whatever they want but that doesn't mean this will necessary have influence on global market. I don't see here nothing to worry about and I realy don't think that China is so influental no matter the significance it has.

[uberua]

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 doing everything to reduce the popularity of cryptocurrency
But, I don't see anything wrong in buying precious metals. Gold and silver have always been (and will remain) a good stable means for investments

[Vasilisochka]

Gold and silver have already shown their potential over the years. I think the government of China specifically wants to divert the attention of residents from the benefits of investing in the crypto currency.

[palvinta]

I think this does not matter. Because Gold and Silver are also good things to invest in the long run. We can buy gold and silver at the cheap price then we save well. Surely the next few months the price has gone up and can be very profitable. Perhaps the Chinese Government is more advised to invest in gold and silver because they do not want to focus more people to invest in Bitcoin.

[Hell-raiser]

China is doing everything to reduce the popularity of cryptocurrency
But, I don't see anything wrong in buying precious metals. Gold and silver have always been (and will remain) a good stable means for investments

Take it for what it's worth, but I don't think that China in this case deliberately tries to follow the policy of defaming crypto. The game is much more than that. I'd say they aim at making the local population switch from using the US dollar as a store of value and use precious metals instead. The Chinese government itself is likely the biggest buyer of gold in the world. In this manner, crypto is only a collateral damage in this "game of thrones".

[carlisle1]

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.

so whats this connection to the crypto?is there any problem if china wanted their people to buy gold and silver?this is cryptocurrency and not physical matter so why need to be tackled here?sorry but this is irrelevant,but lets just they buy gold and silver bitcoin and all altcoi will still here,we will stil use these coins for trading and payments.

[Sidiq SP]

the steps of the Chinese government advise his people to buy gold and silver it may be a buzz that will benefit the people, gold and silver prices are always stable that may be the consideration of the Chinese government advise his people to buy it, in my opinion on this matter

[MMA]

I think this does not matter. Because Gold and Silver are also good things to invest in the long run. We can buy gold and silver at the cheap price then we save well. Surely the next few months the price has gone up and can be very profitable. Perhaps the Chinese Government is more advised to invest in gold and silver because they do not want to focus more people to invest in Bitcoin.

Gold and silver is only to save your money, but if  you want to invest and make money, they you need to invest your money in such business from where it is expected to get maximum profit in short period of time, and i think it can only be possible from bitcoin, from where we can get a very good profit that i do not think is possible from any other source of income. gold and silver cannot give you such a good profit in such a short time.

[Golftech]

the steps of the Chinese government advise his people to buy gold and silver it may be a buzz that will benefit the people, gold and silver prices are always stable that may be the consideration of the Chinese government advise his people to buy it, in my opinion on this matter

They just think of it that this two asset will let allow their people to invest without any worries, as gold and silver will be much stable and if ever
the fluctuations is not that much, we should not think of any relevance of what china's dealing with if we are aiming to earned decent then better
to invest your money with things that will have a good future, invest with your knowledge and fulfill your dreams.

[umbara ardian]

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.

it seems that it is just some of the bad news that attack the conditions of the price of cryptocurrency, I prefer to analyze more in the news, if they suggest to buy gold and silver I think it will only make them become rich because the total supply of both is very unlimited and not that's all it takes to master gold and silver it seems from their side so they tell others to buy it. please be more careful to respond to such news.

[yanlap]

Gold and silver have already shown their potential over the years. I think the government of China specifically wants to divert the attention of residents from the benefits of investing in the crypto currency.

China is acting as an antibody against Bitcoin is due to only one reason that is to give more attention to its own currency and show the Bitcoin failure. I do not know for what they are doing so, may be they want o design a new coin that can be called as chinacoin which will give rise to the economy of its country. China always wants to make its own country to be the number one but they are not looking at the people choice that is Bitcoin.

[kodtycoon]

They want to invite their citizens to invest in gold and silver so that their citizens do not always invest in crypto, maybe for them crypto is a threat to gold and silver investors and worried about the switch to crypto. With them inviting more of their people by advertising on television, it is clear they want to strengthen to invest in gold and silver.

[First77]

Chinese warships have been ordered to join Russian navy in Mediterrean and middle-east after the Syria situation.

[olumyd]

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.

I see the bigger picture here, buying more of gold and silver creates more unique opportunities for cryptocurrencies backed by these assets. In the long run, they would have only made it easier for cryptocurrencies to mature without them.

[First77]

China could enter the middle east war joining Russia, setting up the stage for a major WAR.

[andika2018]

China government is one of big holder on gold and silver as their reserve. If their peoples buying gold and silver, their reserve value will increase and they can expand more on their economic. Maybe thats why they restricted cryptocurrency on their country

[Moiyah]

It seems that China did the right thing. I idolized them for promoting gold and silver as an investment. In each country, gold is too good for an investment rather than silver. In fact, in our country silver cannot be pawned and only gold is accepted. China supported that gold and silver because they knew their value is increasing as time goes by. I

[First77]

China government is one of big holder on gold and silver as their reserve. If their peoples buying gold and silver, their reserve value will increase and they can expand more on their economic. Maybe thats why they restricted cryptocurrency on their country

It is surprising Silver fell from $42/ounce to $9/ounce (2012 - 2016)

and Gold fell from $1670/ounce to $1000/ounce (2012 -2016).

There should be big moves in bullion now......

[Zapto25]

The Chinese government suggests investing and buying gold and silver is reasonable as gold investments do not carry risks

[btc-facebook]

Gold are the best investment because the price almost stable and keep increase from time to time.
Or real estate if you have more capital.

Let's compare with bitcoin.
Bitcoin value also increase from time to time but the value move more drastically than gold so that's why bitcoin consider as risky investment