China tells people to buy gold & silver

[fishball]

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 something which is unusual for people who live in a very vast and wealthy country like China. Of course, major abundant metallic resources available there would be gold and silver. These two surely have top prices and maybe in the future their prices might increase too much.

[molenracing]

Already, gold and silver are the main investments of China. so I assume it's a normal thing, a government is calling on its people to do something positive like this. perhaps China considers investing in Cryptocurrency is not a good thing, so they do things like that!

[Cokot]

I am not surprised with the gold and silver advertising activities in china
china is one of the world's economic giants, so the Chinese government will continue to encourage its people to invest in the precious metal

[ulakudrakova]

I don't see any problem with that. Our family business is about gold and silver since the 90's and I think, 2012 is the year were gold and silver has its highest price. I think China promoting gold and silver works because the demand is really high that time. The sad thing is that it declined from 2013 until today. The demand for gold and silver goes down. People just want to buy smartphones and gadgets instead of jewelries.

Interesting point of view. Tell me, what is your business? just in storage or resale? or maybe dividends? or maybe prey. I have not previously considered this method of making. Need more information on this topic.

[tonyosa]

  I am sure this is an attempt to take their mind off bitcoin and crypto investments.In the long run,they will realize their mistak and lift the restrictions they place on cryptocurrency. Gold and silver may have their use but they are not close to being an alternative to crypto projects

[cloudproject]

chinesse citizen having a mindset to having some investment, not just for themself but it can help their country to by doing that movement, i don't see any problem with that anyway

[hunterWood]

That's very interesting because from what I've notice the Chinese government is very practical and try to put their citizen in position that will better the country. So knowing that makes me wonder what their logic is.

[yuukireit]

isn't that was great when goverment want their people thingking about investment, and thingking about their future itself, and i think when people having a much of gold that can helping goverment itself anyway

[jaysabi]

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.

Dude, you cited an article that was published 9 years ago. Could you find a more outdated and irrelevant article to base a post on? Since this article was published so long ago, we have a decent amount of hindsight with which to judge the ideas presented in it. Like this:

Whether the official urging by the Chinese government for its citizens to buy precious metals is merely prudent, “fatherly” advise to its citizens, or part of a somewhat more sinister campaign the result will be the same: soaring precious metals prices indefinitely into the future.

Let's check in on this little gem.

Price of gold end of 2009:  $1,087.50
Current price of gold 2018: $1,300.00
Return: 19.54%

S&P 500 end of 2009: $1,123.58
S&P 500 currently: $2,778.53
Return: 147.29%

Result:  FAILURE.

Gold has been a horrible investment since that article was published. Less than 20% return over 9 years is garbage, you probably could have gotten that buying treasury bills.

[First77]

Dude, you cited an article that was published 9 years ago. Could you find a more outdated and irrelevant article to base a post on? Since this article was published so long ago, we have a decent amount of hindsight with which to judge the ideas presented in it. Like this:

Why did Gold and Silver price fell in 2015 when Chinese government is encouraging investments in Gold and Silver ??

[Btcschool]

I think there is nothing strange with china, because we know that gold is an investment tool that has been a long time. Gold and silver are a good investment, But currently investing bitcoin is very profitable. 

Yes that is right that gold is an investment tool, but from bitcoin  then profit that we can get in a short time is not possible from gold or any other type of investment or trading, I think that in current time bitcoin is the best tool for making a lot of money in a short time. I am sure that very soon they will review their decision of banning crypto currencies.

[spongegar]

Hey, i think both gold and silver are great investments. They're both precious metals and are rare. You can't make them from scratch like diamonds and they're historically very much valuable. But then again, I'm a firm believer of not believing the hype. If an investment is hyped up i generally sell. If it's hush hush and frowned then i buy.

[Tory-Tory]

There are 2 possible options:
1) The government wants to sell its assets of gold and silver to citizens, but not to other countries
2) The government gives the right advice for preserving capital. Gold and silver show better results each crisis.

[First77]

Yes that is right that gold is an investment tool, but from bitcoin  then profit that we can get in a short time is not possible from gold or any other type of investment or trading, I think that in current time bitcoin is the best tool for making a lot of money in a short time. I am sure that very soon they will review their decision of banning crypto currencies.

My study of financial markets say Bitcoin will be $15,000 only in year 2024. That is 100% profit after 6 years. $8,000 is lots of money so there are more sellers for Bitcoin and less buyers at $8000

If gold price goes up +12% every year for 6 years, Gold will around $2,200/ounce in year 2024. That is 75% profit.

Also Bitcoin is high risk investment and Gold is the safest investment.

[setupbounds]

they tell you to buy gold and silver and you should not buy too much because the total supply of gold and silver is unlimited. I think china told me to buy silver and gold because they already have gold and silver in the warehouse

You are investing in silver or gold or any other source for what? Just for earning money, right? And this is truth. Everyone invest some money in something to get benefit from it. Then why to invest in something that has greater chances of loss than profit. With this I don’t mean silver is just useless, no rather it makes you low profit against bitcoin. Better to go for second option.

[eekkaa]

it seems that is not good and china may want to control the condition of bitcoin prices in the market, they tell you to buy gold or silver because china has mastered the gold and silver that exist in this world.

[orayorayan2]

I think it's a very good idea to invest in gold and silver wealth more safely than we invest in crypto or banking money. the price is very volatile very difficult to predict and the absence of a body or institution responsible if there is fraud when investing. so too with the banking system the number of regulations and the amount of tax transactions that can be inconvenient when investing makes investors feel uncomfortable. In my opinion gold and silver the best investment source other than the price that setabil will not make someone lose

[normanderecho]

I think it's a very good idea to invest in gold and silver wealth more safely than we invest in crypto or banking money. the price is very volatile very difficult to predict and the absence of a body or institution responsible if there is fraud when investing. so too with the banking system the number of regulations and the amount of tax transactions that can be inconvenient when investing makes investors feel uncomfortable. In my opinion gold and silver the best investment source other than the price that setabil will not make someone lose

Yes,gold and silver is good for investment and we can trust it if we hold it in longtetm way we can get a huge profit because we know gold and silver in longtime ago is so poor value and now we can see the defference in this day is so high value and there a chance to continue the price but i think the government say people to invest gold and silver because to avoid people to invest on bitcoin because we know the price of bitcoin is like gold and silver moving it in high value.

[First77]

Yes,gold and silver is good for investment and we can trust it if we hold it in longtetm way we can get a huge profit because we know gold and silver in longtime ago is so poor value and now we can see the defference in this day is so high value and there a chance to continue the price but i think the government say people to invest gold and silver because to avoid people to invest on bitcoin because we know the price of bitcoin is like gold and silver moving it in high value.

Now Silver price is at all time high at $17.25. Keep an eye on the bullion prices.....

[KennyR]

Bitcoin and gold were found to have closer value before an year and few months back. All of the sudden the price of bitcoin began to grow reaching the top overcoming the price of gold in no time. This marched towards a new ath and by that time the adoption from Japan took place which further supported for a sustained growth.