First77 (OP)
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June 20, 2018, 03:18:51 PM |
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I'm guessing it is because they have a large amount of reserves and they are worried that people will switch from metals to digital currencies instead. This is going to be the new trend, as crypto is more profitable to experienced traders. Do you know the fact that a country's Fiat currency is directly related to the amount of GOLD deposits held by the Central Bank,
So basically if a country estimates $ X worth of paper money, it's backed by $ X worth of Gold. So buying Gold is always better than on bank deposits
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AntonGrishko
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June 20, 2018, 03:24:35 PM |
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All investment streams should be encouraged not at the expense of the other. People who would be rich diversify their portfolios and earn a big buck buying everything that could become useful tomorrow when they sell it.
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pellor mas
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June 20, 2018, 04:23:07 PM |
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About gold and silver since the 90's and I think, 2012 is the golden year and silver has the highest price. 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.
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MagCoin
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June 20, 2018, 04:24:24 PM |
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About gold and silver since the 90's and I think, 2012 is the golden year and silver has the highest price. 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.
Yeah, exactly. Demand on silver and gold are going down day by day. These are traditional assets and nowadays people more likely to follow technology. Guess what, which currency will benefit most? Bitcoin  |
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slashz9
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June 20, 2018, 06:02:54 PM |
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there is nothing wrong with it, maybe the Chinese government see a good chance on gold and silver maybe this year they see a fairly high rise, they want to help its citizens with the program, and also whether it is related to bitcoin?
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BitcoinMarketer39
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ADABsSsSsSsSSSsS
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June 20, 2018, 06:10:29 PM |
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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.
I hope that there will be a government that will be going to think in that way where every country will be legalizing cryptocurrency in their place in order for people to have wealth and to sustain their daily needs. |
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CryptoKyddie
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June 20, 2018, 07:30:31 PM |
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I would hazard a guess they are promoting gold and silver, because more demand means higher prices. And guess who has huge reserves of both gold and silver? Yes China. So quick way to get extra budget. Also helps draw peoples attention from crypto, just what the government wants for now. But hey h\who knows what the governemt will want in the future. Lucky for me I already have some gold.
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chrisculanag
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June 21, 2018, 01:37:04 AM |
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China promoting to buy gold & silver because its a best investment that you can handle and save in your own . Gold has high demands in the market and i think china is right . Remember the china is one of the big supplier of gold .
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victoryana
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June 21, 2018, 02:50:24 AM |
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BTC is one of the largest virtual currency trading platforms in China. CEO Bobby Lee has shut down in 2017 Shanghai Financial Services Authority has also asked to close Bitcoin trading platforms in the city.
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Dondon1234
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June 21, 2018, 03:15:29 AM |
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I think they refuse to bitcoin. I dont know why they dont like bitcoin. Bitcoin is a good and nice investing, it is a very high percentage interms of investing, but they really dont like it, someday they realize how bitcoin work in they're country.
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SirLancelot
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June 21, 2018, 05:58:58 AM |
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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/articleChinese government told/encourages its citizens to buy gold and silver in 2012. Right from time even before Bitcoin was introduced, government and other bodies were being urged to buy hold and silver. Gold and silver are really good too and can bring in lots of profits, if you know how you can do it the right way. Bitcoin is also good and might even be better than gold and silver if you to say that you know the right strategies to take. There are millionaires who are making lots of money through Bitcoin today cause they are following the right strategy. |
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Rhaizan
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June 21, 2018, 09:34:09 AM |
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I think they refuse to bitcoin. I dont know why they dont like bitcoin. Bitcoin is a good and nice investing, it is a very high percentage interms of investing, but they really dont like it, someday they realize how bitcoin work in they're country.
Those people who don't like bitcoin I think they lose their money on it. That's why they hate bitcoin, that is the only way I can see, because if you learn bitcoin you will know where we use it in a simple way. |
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babycute123
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June 21, 2018, 09:45:26 AM |
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There will be another global crisis. You should store gold, silver and crypto. It will help you avoid losing the value of the property you have
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tbterryboy
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June 22, 2018, 09:39:55 AM |
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China promoting to buy gold & silver because its a best investment that you can handle and save in your own . Gold has high demands in the market and i think china is right . Remember the china is one of the big supplier of gold .
It depends on the individual choice where they want to invest, but china is doing good job I think because crypto investment is full of risks and people can lose their investment. That’s the reason that china banned crypto several times, but it is fact that nothing could stop crypto especially bitcoin from prevailing in the world and it will take over the market in the future. |
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BitProCoin
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June 22, 2018, 09:41:02 AM |
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It’s no surprise that the Chinese are heavily involved in the illegal mining of gold and other precious metals in almost every corner of the globe. But there is rather wisdom because these two precious metals are very stable and very good when there is a global financial crisis.
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MinMan
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June 22, 2018, 11:19:09 AM |
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Maybe they think realistically by investing in gold or silver. Anyone who does not really know the value of bitcoin and doubt it would prefer gold and silver. As for those of us who already understand will choose bitcoin.
do you think that china do not know any thing bout bitcoin? may be they have some other srategy, i think that they are now thinking about their own crypto currency, because the users of bitcoin are still more in china than any other county and they are even influencing the bitcoin market too much, Satoshi Nakamoto -- I'm sure that in 20 years there will either be very large transaction volume or no volume. It is good to invest money in gold and silver because these two are the real money. You can hold it, see it touch it and use it anytime you want. It is also fact that it will not give you so much profit because the price of gold is not increasing fast but it is more secure than crypto. If you want to make money in short time then crypto is the best choice. |
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Jamescur
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June 22, 2018, 12:46:36 PM |
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Because the cryptocurrency investment in China is prohibited!
Gold investment has many advantages over stocks!
The gold market conditions and data are all open, and the national government cannot interfere with it. Gold is a free and easy way to invest!
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barabarian1
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June 22, 2018, 01:24:46 PM |
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because the price of gold or silver is stable if it changes it just a little bit. and when gold or silver is resold, the price will not be much different from the price when we buy it. gold and silver are local products so china prefers local products.
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BigBos
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June 23, 2018, 04:57:50 AM |
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because the price of gold or silver is stable if it changes it just a little bit. and when gold or silver is resold, the price will not be much different from the price when we buy it. gold and silver are local products so china prefers local products.
of course gold and silver is a good ending in this regard. I will also buy some gold, or silver when I have been successful in the world of cryptocurrency. Well, right now I have no knowledge, or any information about gold and silver other than the price. |
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cherrymobile
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June 23, 2018, 05:02:03 AM |
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Note: If you like my topics/threads and posts give me "+merits". See on the right side of each post (top right corner) there is "+Merits" 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/articleChinese government told/encourages its citizens to buy gold and silver in 2012. I am not sure that many cryptocurrency and it you will do if I think bitcoin can be your best bet is a good news for those of us so I create an investment of your money will work for you have to invest it in your savings. I think it was bitcoin can lift the future. The only one who are respectable in this |
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