China tells people to buy gold & silver

[muratdur]

China is telling, people are doing and obeying. I think that China can significantly affect bitcoins price strategy with their masses and influence

[Yatsan]

China people think gold and silver investment will gain more. Because it is in front of their eyes, they can touch. Cryptocurrency investment can not be touch. here have the mind to believe . I think bitcoin investment will be the most beneficial from gold and silver.

We can-t really blame them, they're doing every means necessary to make their currency powerful even resorting to encouraging its citizens to invest on hold and silver. Well, nit only is it inefficient, it is also uninteresting right now. This era of youth doesn't want riches anymore, what people want more is experience. That's why there has been a huge decline in the prices of precious gems and metals. On the other hand, bitcoin is continuing to flourish.

[Mr.John19]

Gold and silver have been metals of incredible worth since ages. There is nothing incorrectly to purchase gold and silver. Government influence a choice to individuals which to want they need to put their resources into cryptocurrency or to gold and silver. Purchasing gold and silver is excessively costly and too hard store you can't without much of a stretch change over the gold into fiat and the value the gold isn't moving quick like the bitcoin and other altcoin. But, I think this not genuine reason of the China they have others purposeful publicity against cryptocurrency.

[yatogami]

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):

The unstable situation in the financial markets makes investors look for safer assets in the hope of preserving their capitals.
Nowadays many leading investors are investing money in mining of silver.
Silver is widely used in industry, in particular, in the manufacture of electrical products, batteries, mirrors, cell phones, cars, etc.
So it is not surprising me that China encourages the population to invest in this particular precious metal.

[trako]

China is a very strict country on crypto money. Authorities do not welcome such investments. Instead, gold is always a resource that will always win. That's why it's natural for them to direct people.

[Grayy]

Buying gold and silver is not a bad thing to do. But I'd rather invest my money in something I can truly be part of, where I can decide when and how to distribute my profits and where I can find the extreme comfort in doing transactions. That's why BTC is a good choice.

[BlackBeauty]

Buying gold and silver is not a bad thing to do. But I'd rather invest my money in something I can truly be part of, where I can decide when and how to distribute my profits and where I can find the extreme comfort in doing transactions. That's why BTC is a good choice.

yes bitcoin is best way to investment than other ways like gold and silver because gold's price is not increase as like bitcoin and that's why it will never provide high profit so bitcoin is much better and that's why china government should accept bitcoin because people will make more money without any difficulties.

[super5star]

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.

No, you can’t just say this on basis of risk factor. There is an equal amount of risk in silver and gold and bitcoins or any other crypto. We all know that whenever someone is interested in bitcoins or any other source of income, there are risks factors revolving around us and we have to tackle them with much care and concern. So these three have got same level, it all about matter of choice.

[GoodLuck2]

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.

China is economically very strong and they intend to be the next super power as well for which it is more than important to keep the financial condition growing and make it further strong. Since investment in crypto besides so many advantages has also a disadvantage which is that the outcomes are often uncertain. China wants to be on the safe side and a loss in a dollar per capita is equivalent to a loss in the dollars equal to the number of people using crypto which of course they would never want.

[NELSONHillz]

because gold and silver is pure treasure, not like bitcoin. bitcoin can die from our world, but gold and silver will live forever until the end of the world.
gold is always up, though just in a year. and China want to push the interest of people to pure treasure.
and maybe china have a lot of stock gold and silver, so they advertise it to all people

[Harley29]

Buying gold and silver is not a bad thing to do. But I'd rather invest my money in something I can truly be part of, where I can decide when and how to distribute my profits and where I can find the extreme comfort in doing transactions. That's why BTC is a good choice.

yes bitcoin is best way to investment than other ways like gold and silver because gold's price is not increase as like bitcoin and that's why it will never provide high profit so bitcoin is much better and that's why china government should accept bitcoin because people will make more money without any difficulties.

Gold and silver have been the king and queen of all the assets one can hold since the beginning of the time. It is said so because their monetary values in the market have been pretty stable and are still in a good position. One can save or store money in the form of gold and silver without any deterioration in their values and a future return instead. China in a sense wants its people to invest in gold and silver to make sure the money just stays there and do not go to the uncertain world of crypto.

[sureshotcoin]

china postly believes in commodity asset more than fiat currency it is good move by chinese govt becoming example for world nations

[LooBaao]

Because China is now the leading country that bans and blocks BTC in particular and electronic money in general. They do not see the benefits that BTC brings, they only analyze the bad points in the BTC, In my opinion, many countries will accept BTC in the future, except China is going against the flow of money. correction of the whole world.

[Kodok Bencot]

Gold and silver are two types of traditional investments that have been used since thousands of years ago, the price of gold and silver will never drop and continue to rise even if only a little, I think it is normal if the government recommends to buy gold and silver.

[erichall]

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'm kind of surprised they recommended gold and silver considering it is actually good advice.

Makes me wonder what their motive is.

[trickyriky]

LOL. I am not a Chinese that is why I am buying Bitcoins and altcoins. I do not invest in these metals (I mean gold and silver) as it is not profitable in my county.

[Rosilito]

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 feels bad man, well, may be they trusted the gold and silver way better than crypto. Comparing the two well, gold and silver is far more better and way more trusted than crypto aside that gold and silver exist earlier than crypto, gold and silver is surely an assurance of a real profit and does have an assurance that they will exist in this world for a longer a time better than what we think unlike to crypto that continuously fluctuates and doesn't have an assurance that they will exist for more a longer time than gold and silver that is why china chose gold and silver over crypto.

[Kertmu]

There is nothing surprising, gold for long-term investments is quite normal. Moreover, China's gold reserves are large.

[Poorman80]

Well China could have great plans for their country and they are urging people to do what they think was good for them. And it is not wrong to buy gold and silver it is also a form of investment. Jewelries in this forms are never getting old and still is a product worth buying. So I think the market is still strong for both gold and silver.

[restuibu]

LOL. I am not a Chinese that is why I am buying Bitcoins and altcoins. I do not invest in these metals (I mean gold and silver) as it is not profitable in my county.

that's true because each region has a different economic level, so everyone should be able to adjust how much profit by investing in coins and cryptocurrency. but keep in mind that gold and silver are the most powerful investments of the past that still continue today.