China tells people to buy gold & silver

[bitcad4u]

It's better to inverse in gold and silver rather than cryptocurrency.Because now the price of bitcoin and altcoin is became unstable.If we had inverse our saving to get short term profit, cryptocurrency is not the best one.If you had brought a Gold,you can wear it and live your life as like your wish.I think it is better to live your life as you like with your savings.

[kimochidesh]

This is not surprising at all. China is always concerned with strengthening its own national currencies and therefore does all such things which may benefit it. So this move is adopted by them to divert the attention of Chinese people from digital currencies to gold and silver. These have been used as investments since a long time. So once they accumulate big amount of gold they will be able to influence it.

[First77]

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

Past 15 years, Russia and China are the biggest buyers of Gold and Silver.

[Tungsten-1]

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.

Obviously, this is the main reason why the government is appreciating and motivating people to buy gold and silver. The china does not want their common man to invest maximum into crypto currencies because in this way, the individual will get power but government would not be taking any share in this. They are also not in complete freedom of people I guess. Silver and gold cannot meet the demands of current era.

[Bitcoin-Turkiye]

my country Turkey the gold prices have risen considerably..  gold is a. lways a real value. The Chinese government has made a good incentive. Keeping bencede gold and silver is very important.

[Silberman]

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.

This is definitely a possibility, bitcoin has not shown to be as resistant as gold and silver however it is way easier to carry your bitcoin around, that is why is troubling the government of China, you can easily send your bitcoin to the other side of the world but doing the same with your gold or silver is very difficult especially in a country like China.

[First77]

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

7 Iranians have been killed in Israeli airstrikes last week. U.S firing 100 missiles into Syria could be just a distraction to the real events to come.....

[snekinmyleg]

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.

Maybe this is a trap. The Chinese advised people to buy gold and sell Bitcoin and altcoin. After prices fell sharply as investors turned to gold investment. At that time, China would buy Bitcoin and altcoin. be careful

[vaughn125]

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.

The reason is pretty obvious. In my honest opinion, I think that the real reason behind this sudden act of china is because of the fact that the demand for crypto currencies are increasing more and more in the world specially in their country. I think that they are doing this to mainly get the minds of the investors in their country off the crypto currency industry. Which is wrong since it is clearly an act of manipulation. But sad to say, many might buy into this act and we won't be able to do anything about it from where we are.

[valentine401]

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.

Its normal for china to advertise different kinds of stuffs since there are a lot of different factories in their country and most of the people that are living in that country has their own business in the corporate world.

[wxxyrqa]

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

7 Iranians have been killed in Israeli airstrikes last week. U.S firing 100 missiles into Syria could be just a distraction to the real events to come.....

any serious situation in the world can be a distraction from some other more serious situations. But if we talk about China and the real buying up of gold and silver, it means that China is preparing for the worst scenario.

[RyanMarz]

It is nothing new, the Chinese government feels more comfortable with investments in gold and silver because it offers more and better supply, besides being a business with more time in the world of the economy.

[brainape]

This is not surprising at all. China is always concerned with strengthening its own national currencies and therefore does all such things which may benefit it. So this move is adopted by them to divert the attention of Chinese people from digital currencies to gold and silver. These have been used as investments since a long time. So once they accumulate big amount of gold they will be able to influence it.

Yes every country is trying their best to do so, but i think that most of the bitcion and crytpo users were from China, but their governemtn take a surprising decision about crytpo which were not expecting from them. to me i think that  very soon they will review thier decision and will very soon let their people to start crytpo trading and using it in their life.

[traderethereum]

It is nothing new, the Chinese government feels more comfortable with investments in gold and silver because it offers more and better supply, besides being a business with more time in the world of the economy.

I am not sure that they only invest in gold and silver because they are open with new things that will bring wealthy to them and if they can get much benefits from that things, then they will do more than other country. I think there will be a secret mission behind telling people to buy gold and silver because we know that gold and silver is not unlimited and it become more expensive in the future. I think if I can get more profit from the crypto, I will buy gold and silver too and keep it as my investment.

[fullhdpixel]

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.

The government is simply trying to divert the attention of people from crypto currencies to other methods of investments. China and many other states are not in favor of digital currencies because they are unable to keep records of transactions and for this, they cannot make people pay taxes for whatever they are earning from these currencies. These people are not thinking on broader view, so making people suffer.

[First77]

any serious situation in the world can be a distraction from some other more serious situations. But if we talk about China and the real buying up of gold and silver, it means that China is preparing for the worst scenario.

China military wants 1000 large military transport planes (those Made in China)

[krhnrhn]

Currencies war is coming.. Country's need gold and silver for their more valuabble currencies.. ıf any country win dollar they need a lot of gold!

[Tory-Tory]

Ha-ha. They would also offer to buy copper and aluminum. That is why it is now important to create and develop financial literacy throughout the world.

[natka]

Ha-ha. They would also offer to buy copper and aluminum. That is why it is now important to create and develop financial literacy throughout the world.

the Chinese government is preparing For the worst scenario in the political situation of the world point If there are any cataclysms, the crypto currency will not be unambiguous. Silver and gold are the only value.

[Barbatsutsa]

I think that's just a way to take people's attention away from crypto...