China tells people to buy gold & silver

[traderethereum]

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 is because they are going to earn from it. THis is what we call a tangible asset. And gold and silver come from mining the nature. In this time, we are concerned for the welfare of our nature and technology is up now. So I think, it is not considerable to just buy golds and silver instead of bitcoins. China should think for the sustainability of golds and silvers for the next generations. Those have to be well preserved.

I guess they already earn much money from gold and silver because they can use their time to buy that thing at the lower price so for now, they can make a big profit from gold and silver. but they need to remember that gold and silver will not stay forever and it will zero supply in the future and they will search another resource to continue to make money. I hope that China doesn't have any purpose behind of this so we can choose to buy gold, silver or even bitcoin.

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[1715660187]

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[OrangeSeller]

Perhaps the Chinese government does not want their people to invest in Crypto. So they choose real value products and use precious metals instead. Asian countries often use gold as jewelry, and China is the world's biggest consumer of gold

The government of china is not supporting any of the crypto currency at this very moment and that is all because of the reason that they want to take hold of the crypto currencies and they are doing this to bring down the market values of most of the crypto coins. Once they will succeed in it, then they will go for investing a huge capital into crypto coins to buy most of the coins.

[lixer]

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.

China in general is a very peculiar country and is constantly looking for its own ways of developing the economy, and not unsuccessfully. There is nothing surprising in that they call on citizens to buy gold and silver. They have always been and are an undeniable value at any time. We do not know what can happen with bitcoin and another crypto currency in the future, but gold and silver are eternal values.

Without understanding the blockchain technology that is used in bitcoin and without doing any research related the future of digital market, it is very bold to say that gold and silver are more secure than bitcoin. At the present moment, there is nothing in this world that has better security, brighter future and biggest potential of producing profits than bitcoin.It is a fact now.

[Fear]

I don't really think that short-time investors will ever like and do converting their own money from cryptocurrencies to gold or silver, because people wanted to get earnings fastly, not for years

[Silberman]

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.

If you are afraid of investing in cryptocurrencies because of instability then you should never invest in cryptocurrencies, you only need to make one small research to understand that cryptocurrencies are not going to be stable for a long time but the good thing is that despite the highest risk that you are taking by investing in something so unstable there is a good side effect and that is the profits that you can get out of this are way higher than anything you can get with gold and silver.

[sampalokmix]

i guess there is nothing strange with china, because we know that gold is an investment tool has been a long time ago. so the government may suggest to invest safely

Thats true, and I guess that's one of the reasons why China banned Bitcoin, as they say China wants its people to have their source of income traceable and we all know that Bitcoin transaction happens with anonymous people that we may encounter here, and China prohibited its people in that case, and I guess they start promoting Golds and Silvers because the price of these were continuously grow.

[Ryanpogi]

they say that's not to bitcoin the people there in china .. i read news that banned bitcoin in china. so people there are still in bitcoin. that's what I read.

[Dark Sky]

they say that's not to bitcoin the people there in china .. i read news that banned bitcoin in china. so people there are still in bitcoin. that's what I read.

yes bitcoin is banned in china but their people is still work in bitcoin because they know bitcoin is very beneficial currency and it will give them a lot of profit but their government want that chinese people invest their money in gold or silver but i think gold will never beneficial as like bitcoin because gold price is not high like bitcoin, so i think those people who cannot invest their money  in bitcoin so they can buy gold because in china bitcoin is banned and that's why they will safe from many problems.

[Ishiro5]

Yes, that's not far fetched. China and Russia are strongly pushing to shift the world'd economy from being backed by dollar but by gold, and this would definitely help the price of gold to appreciate and in all fairness, China has been one of the most forthcoming countries actively and aggressively transforming migrating its population from middle class to rich and its been working for them. However, if China continues in its path not to fully embrace bitcoin, some of the things that are working for them now will begin to work against them in the nearest future.

[redcucumber]

you will be amaze by this kind of movement china has been doing they are helping its people at the same time giving a boost to their economy by buying gold we all know that Fiat is backed by gold our currency in our countries are run by gold that is one factor that gives that value of our currency the economy is up and down by the inflow and out flow of goods and services affected as well as the demand and supply so telling the people to buy gold and silver is like go learn trading minimize risk and profit very few countries do I see guiding their citizens like this, china is hoarding gold to gain some political and economic power naturally smart move.

[laravuemaster]

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.

Well its normal for china to advertise their different business because their country is full of people who are interested on starting a corporation that will be appreciated by everyone else in the country because the competition is getting tighter each day in their country.

[wolfgang56]

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.

Way back when bitcoin is still not well-known to people, gold is the one where people invest their money. So before people usually spend their money and time in gold. But when bitcoin came over many people are amused by how bitcoin works. Still china prefer on gold than bitcoin because the government are opposed on the idea of bitcoin.

[First77]

China's most advanced DF-41 ICBM missiles

Video: https://www.youtube.com/watch?v=KjPtVUKE5Dg

[Ondongeric18]

This is good also. Gold and silver are things that serves as back up for money. This could even back up bitcoin. I have seen a new ICO with these idea. But I have not heard of a bitcoin or any digital currency backing up gold in an ICO. This only means that nobody wants to trade gold and silver with a very volatile market of digital coins. Golds are stable I guess so the reverse would just create more loses.

[barnes13]

It is commonplace for governments to encourage their people to invest in gold and silver because it is a pretty safe investment item for the moment, and its rising price trends make governments recognize that people will be safer to invest in tangible goods and their value continues to rise as gold and silver.

It is difficult for the government to encourage its people to invest in cryptocurrency because of its highly fluctuating price and rapid price movements allowing people to experience stress if they see their investments decline rapidly.

[hualangktsld841]

I have heard such news a long time ago. It's a more stable way of investing than other investments in gold and silver, and I think it's a way for China to stabilize its economy, and gold is a good hedge against the devaluation of French currency.

[Arif pambudi]

Prediksi saya china tidak akan bermasalah dengan hal hal tersebu,karna china mampu dan kuat dari sisi ekonomi

[First77]

In 2012: China Making 148 Aircrafts per year Mostly Advanced Fighters.

Top priority was given to the production of J-20 and J-31 stealth fighter jets in 2011. Now, J-10 is the most important fighter project in China’s air force including its more advanced version J-10B.

https://www.youtube.com/watch?v=JS8vtiQTLPQ

[MFahad]

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.

Government encourages the things which they feel are safe for the people and good for government themselves if people invest in them. Also these days people more interested in bitcoin investments so this can be another move to keep people interest out of Digital currency.
In the end, its really the choice of public and individuals and they will buy what they think is better for them.

[Silberman]

Yes, that's not far fetched. China and Russia are strongly pushing to shift the world'd economy from being backed by dollar but by gold, and this would definitely help the price of gold to appreciate and in all fairness, China has been one of the most forthcoming countries actively and aggressively transforming migrating its population from middle class to rich and its been working for them. However, if China continues in its path not to fully embrace bitcoin, some of the things that are working for them now will begin to work against them in the nearest future.

China and Russia without a doubt want to dethrone the dollar from its reserve currency status, but make no mistake they do not like gold either, gold will limit their activities as well, since they will not be able to manipulate their currencies as they like, that is why the United States got out of the gold standard long time ago, what they want is that their own currencies achieve reserve currency status.