China tells people to buy gold & silver

[Telogodok]

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.

I think China is promoting gold and silver because the demand is very high then. The sad thing is it's down from 2013 to the present day. Demand for gold and silver fell. People just want to buy smartphones and gadgets, not jewelry.
I do not see any problems with it. Our family business is about gold and silver since the 90's and I think, 2012 is the golden year and silver has the highest price.

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[Hopeful2017]

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 good idea to buy gold and silver. Afterall, these two elements are worth the money. It is also a good investment to deal with. Gold and silver, soon, will be really worth the value.

[felixesteban]

Gold and silver have been used for investment for thousands of years and are one of the safest investments. Cryptos is relatively new, and we can't say much about its future. For example, a hundred years later, will cryptos exist on the market? Its really difficult to say that but I'm very sure gold and silver will survive. They will continue to exist as long as human being exists.

[Surge_Dev]

I don't think that this is wise decision because it is better to buy bitcoins today) As for me, I give preference to coins because this is also gold but the digital one. Living in the age of new technologies and digital era this is much better investment

[ChrisPop]

Typical for China.. The state buys cryptocurrencies incognito while people are manipulated to buy into gold & silver which have safe and slow returns so that the power will stay with the China leaders. Open your eyes,guys and girls..The future is so clear, cryptocurrencies are the way to move forward!

[ged00u]

Fool people would buy gold and silver. However, I understand that China is a great country with a lot of intelligent people. They can realize how fake the government is and they will start investing their money in bitcoin. In fact, most of the number of bitcoin belong to Chinese investors

[lifetimebitcoins]

china is indirectly observing blockchain and suggest it public to buy some selected coins and China is already buying gold and silver for quite a some time now

[coynedterm]

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.

Then what the problem with these things , only they want grow the economy of that real coin which is existing in the practical world and also in my opinion may be the government has big amount of collection of the gold and silver and they want sell at high price among the people who are in China with high price ,that why they are making people to aware about to buy gold/silver like asset .
But may be they are indicating people that don't run behind the assets which are not existing in the practical life .
Or they want something make new things Thier economy of the China country .

[cloudproject]

really good adv from china goverment, making many investor in their country are very good for they, and making a new investor too at least country need 2% of their population are become an investor to making their country save in economic

[overseer470]

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.

[Biggapp]

I think they've do that because they don't interested and like the world of cryptocurrency. There's a lot of problem against the country of china nowadays because they ban ICO's their so they think it not be useful. They think that it is good if they invest gold and silver because its not fluctuated unlike bitcoin and altcoins that is volatile.

To my mind, it appears as if China does not want to give complete freedom to its citizen and the government wants the hold of everything. This is why they are banning ICOs and diverting people mind from crypto currencies to old mode of investments such as gold and silver. China is well aware of the potentials of crypto currencies and it is trying in vanity to stop bitcoin from ruling the world or at least China.

[Samtob4]

is a good thing encouraging your citizen to invest government see it all investing in gold or silver will fetch you alot of money  we all knew gold is being in existence for long and it still be source of making money for some people
hope it a good news

[totaleclipseofthebank]

It is good to hear that. Hope that people in China will sell their bitcoin in order to buy gold and silver. Then, we will have a lot of cheap bitcoin to buy.
Thanks China for making such an awesome statement. People need to understand that soon gold and silver will be replaced by something more digital

[mia khalifa]

I think china told me to buy silver and gold because they already have gold and silver in their warehouse so much that telling you to buy gold and silver and you should not buy too much because total supply of gold and silver is not limited.

[realBitcoiner]

I think buying gold and silver is not a good investment. This is just a promotional strategy for gold in China. They can not bring you high profits by investing in bitcoin. Should you think should hoard gold or silver?

If you buy 1 Bitcoin for $5,000 you will get 100% profit when Bitcoin reaches $10,000. Bitcoin starts falling from $9500. Dream run of high profitsis over.

we can say it easily.it is look like easy to get profit while we buy bitcoin.but in fact price moves not according to our wishes. gold and silver has profit opportunity to as long as we know when and where to buy.

You are right that gold and silver is not much profitable but in my opinion buying gold and silver is not investment but it is savings and if you want to save money gold is the best option. No doubt crypto is high profitable but there is also risks in cryptocurrency investment. I also prefer crypto for making more and more money instead of gold and silver, but the aim is different.

[imking]

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.

Do think this excellent idea of the government of China? For this bad idea. The government of China publishes this kind of article because they want to get the attraction of the people to buy gold and silver more than to purchase crypto. China also wants to increase their economy. They don’t care about the harmful impact of mining on the environment. There are a lot of chemicals from the mining process.  When the people buy the gold and silver, they have income on it, but our mother nature will suffer.

[doomloop]

really good adv from china goverment, making many investor in their country are very good for they, and making a new investor too at least country need 2% of their population are become an investor to making their country save in economic

China is already highly stable in economy and is among the most powerful nations of the world. If investing into gold or silver is going to make it richer and more stable, then same could be done by investing into bitcoin. The issue is that they don’t want anyone to work for himself or herself simply. They want everyone to contribute for country and shall not work for individualism. I want it to promote bitcoin as well. 

[Malya_alkendy]

China is a big country and China is a very rich country, And Gold and Silver have always been made the number one Investment in the country, but since the presence of Bitcoin many people in China who switched investment to Cryptocurrency. and at present China has banned Cryptocurrency in the country, so the Chinese government has again censured its people to return investments in Gold and silver.

[joebrook]

China is a big country and China is a very rich country, And Gold and Silver have always been made the number one Investment in the country, but since the presence of Bitcoin many people in China who switched investment to Cryptocurrency. and at present China has banned Cryptocurrency in the country, so the Chinese government has again censured its people to return investments in Gold and silver.

Chinese citizens are in almost every country in the world that has Gold and Silver in abundance where they either in illegal mining or they are buying Gold and Silver in huge quantities.

[d1ceplayer]

Buying silver and gold are a good choice if you can afford it because the value of this two valuable natural resources is really increasing yearly and it never lose so the money of an investor is really safe. You don't need to worry that the value of it will decrease compare to crypto that is why our could say that this advice of Chinese is wise enough if you are not a  professional crypto investor or a trader.

This is very good to buy such valuable materials and this will make better the investments but the profit from these investments are not at one time but you will need to buy and sell continuously and the little little profit will make you economy. On the other hand if a person adopts a modern currency or coin and especially Bitcoin the after a long term process you will be able to get huge profit.