China tells people to buy gold & silver

[CryptoMoar]

In my opinion. the possibility of the Chinese government is shifting the focus of the investors to prefer gold or silver to be used as an investment tool. and reduce investment in the form of digital currency. so it will be more profitable for a more real and targeted Chinese economy to get definite results.

[1714831717]

1714831717

[PalindromemordnilaP]

China's ban to bitcoin doesn't stop it from growing more and more stronger. In fact, it's the start of bitcoin's price hike that's already a history. We just need to respect china's decision and we can't blame if their government tells people to buy gold and silver because cryptocurrencies are already banned in their country.

[MrRiuss]

so what is your point? its usual things that from old days, when gold became famous, a lot of people buy gold. even nowdays, still a lot of people doing that. so nothing strange about that

[Rufsilf]

It might be good for us to buy something that has a stable value because you'll know already how much you'll gain if you will sell it. However the disadvantage of this is that tangible things like gold and silver might be stolen from you, compared on the somehow security of bitcoin on having a certain account for it and not being tangible makes it rob-free. And bitcoin also has an unstable value that can give you a chance to gain more money when it reached it's highest peak of price.

[Artemon82]

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.

gold and silver is much more reliable then crypto...when war comes or natural disaster you cannot spend your crypto, but  gold and silver  could stay as a payment option

[budz0425]

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.

gold and silver is much more reliable then crypto...when war comes or natural disaster you cannot spend your crypto, but  gold and silver  could stay as a payment option

We don't know the real reason of China why they are telling it maybe because they want to switch the mindset of people that instead of using crypto  to try their business, or that they want bitcoin to go down so that they can buy at low price for their own good, we really don't know.

[Predator25]

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 gold is the first one to be introduced to people so that's why chinese are more fond to gold than to bitcoin and haven't you heard last year that chinese government ban bitcoin because they see it as a threat so people go back to investing gold instead of bitcoin because I think in their country gold is mre valuable than bitcoin even though bitcoin is more expensive than gold these days.

[First77]

It is advised to buy gold and silver for the people of China and China is already such a country, directing its people in every way. This issue is related to their own economic calculations but the people may not consent with these decisions in terms of investment. There is always a way to buy a crypto.

Now China has 819 billionaires. That could 600 billionaires more in China since 2011.

Looks like Gold is going to $2,100/ounce and Silver $100/ounce.

[PSL]

It would be really amazing if the Government of some country would recommend its citizens to invest in bitcoin or other cryptocurrencies. I think when Government is going to allow to invest in bitcoin, it will not be as profitable as it is now.

[omfg.xekcep]

Gold and silver are the best assets for long time investment. I completely agree. Gold and silver feels good enough despite of surging dollar.

[MiukoOk]

Investing in gold and silver I find not as attractive as investing in ICOs. Gold and silver are safe, low-yielding markets that are only suitable for some people who are risk averse, do not dare risk. If we can take risks and venture capital, we will succeed in the Crypto market.

[missmaria]

I think that China always've been known by their conservative thoughts...that's a part of it as well.

[Tapyaks72]

China has a lot of business running over their country and its normal for them to introduce different types of advertisements, gold and silver are profitable but it was really hard to convert it to fiat so i still prefer investing on cryptocurrency.

Yeah silver and gold is still  a good assets and good investments but  for  today s trends in business we're everything is  in the web it is not advisable to use gold as an asset because in the first place it is a physical things that will occupied space and have  weight, while crypto is very versatile and you can carry every where easily.

[yugyug]

Gold and silver are the assets of the pasts it is physical and more attractive than crypto. It has more use-cases than crypto indeed, from Space,Military, Industrial, Fashion, Manufacturing and Medical industry gold and silver are widely used. Crypto on the other hand is the asset of the future, it is where the newer generation are well verse about this technology they have more opportunity to acquire crypto than acquiring gold and silver. It is a matter of choice to this new generation on which of  them has the more convenient for this possessions.

[First77]

I think that China always've been known by their conservative thoughts...that's a part of it as well.

Now China has 819 billionaires

China's DF-31 missiles with 10,000 kilometers range

Video: https://www.youtube.com

[solidrock]

I would buy gold, silver and some bitcoin if I were Chinese

[ArteMixer]

Gold and silver are very conservative and mainly, easy to control. That's what makes it very useful for the government of China, for who crowd control is one of the main goals.

[xanxus.kun]

Outside the cryptoworld, its one of the best choices to invest to, they're not volatile like cryptos and their value increases over time, so I think there's nothing wrong with that, especially when one can afford it then why not right? after all these things are physical assets which you can use or sell if you need to.

[Balorck]

I think this is a pretty good recommendation, and it's also profitable for China. Gold and silver are not just printed papers. Gold and silver have always been valued, and they will also be valuable in the future.

[matanglawin]

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 if you see, China banned bitcoin in their country so does buying it. Also gold is the first on who came when it comes to investing and we know Chinese they are all business minded so they choose what is better option for them to get rich and to be successful in the business world so they choose to go on gold rather on bitcoin.