China tells people to buy gold & silver

[mriansa]

in my opinion china give direction to buy gold and silver because maybe china have memporduksi and mastered both so want to make them get advantage dnegan telling you to buy it.

[First77]

Currency war can end global US dollar dominance & those who own gold have power

The world is facing a currency war and the only hedge against the crash of the US dollar is real gold, a precious metal analyst has told RT. With geopolitical power shifting from West to East, US dominance may be ending.

One such sign is the recent repatriation of gold from the United States. Countries such as Turkey, Germany, the Netherlands have been moving the bullions home. The reason is the Cold War is over and countries don’t see Russia as a threat anymore, says Claudio Grass, an independent precious metals advisor and Mises Ambassador.“Central banks moved their gold because they felt threatened by the USSR and saw the USA as their natural ally. The fact that central banks are repatriating their gold shows that this has changed. It also implies that they don’t see Russia as a bigger threat than the USA any longer. Europe stands in the center of this geopolitical power shift and some countries obviously believe it’s wise to store the gold in their home countries,” he told RT.The world has been living in crisis since 2008, while a currency war started even earlier, notes Grass. Central banks have been printing trillions of dollars out of thin air, while central banks are coordinating the debasing of currencies and pouring money into all kinds of financial assets, real estate and bonds. “Nonetheless, it is obvious that the systematic problems are not solved, on the contrary, the risks became bigger and more fragile than a decade ago,” said Grass. “As you know more than 65 percent of all monetary reserves in the central banking system are held in the world currency reserve, which still is the USD. Therefore, holding physical gold is definitely the best hedge against a crash of any paper currency, and therefore also against a crash of the USD.”

https://www.rt.com/business

[First77]

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.

Satoshi Nakamoto -- I'm sure that in 20 years there will either be very large transaction volume or no volume.

[ivrynx]

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.

I do not see why there i atill illegal mining, when come to think of it, no really owns any land in this world, it is a gift for mankind and we are the only one that makes gold and silver valuable becuase of their peoperties, i think that's my view as a naturalist, but as an investor, both gold and silver are great investments, though the price is somewhat stable compare to bitcoin, both metals can makenour rigs, our processors even run more efficiently, since bith are good conductors of electricity, i guess if you have gold and silver working together with bitcoin, then you can have more earning potential from mining, and also if you invest on them, we can say that you are secured for the future.

[vuanhquan]

The amount of gold is more than bitcoin, some people compare the value between bitcoin and gold, while bitcoin is high, the investment in bitcoin is always lower than gold. The world has a lot of gold and silver. tens of billions of volume, just fluctuations are less than bitcoin, investing in gold is safe, dangerous bitcoin.
China is worried about the finances of its people, that is right.Bitcoin price fluctuations too terrible.

[Erganadine2728]

I think it is not unfamiliar to the countries that go for the most .sl gold and some countries have also started advertising gold and silver. And the government agrees to it and supports it.

[gamalzour]

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.

Yeah it is right that investment is gold and silver is the safest way of investment. Good thing is that, you will have full control on your investment. There will no fear of hacking but the fear of stealing and robbing will be there. Better to buy gold and keep in bank locker. When you need out it and sell in the market. Crypto is opposite of gold and you have no control over your money.

[p i e c e]

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

They can tell people to buy green tea for making some money after. Will they follow this advice? I am sure that Chinese people will continue to use the cryptocurrencies.

[paparexon0414]

Maube they just want their countrymen to invest more in tangible and physical asset that have a real value on it. They says that this asset will really give you an assurance of profitable assets. Maybe this is also their way to prevent their people to invest in cryptos that will have less assurance or just a scam. Nowadays, some tokens will jist give you a false hope, but in tge end its just a pump and dump scheme.

[bohr]

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.

That is probably not going to happen, governments have a lot to lose by recommending their citizens to buy cryptocurrencies, while recommending gold and silver is risky as well many central banks around the world hold vast holdings of gold and silver which means they can more easily control the supply and the price of precious metals than it is to control the price of cryptocurrencies.

[First77]

They can tell people to buy green tea for making some money after. Will they follow this advice? I am sure that Chinese people will continue to use the cryptocurrencies.

Green tea is modern. Gold is traditional investment. As they say "old is gold"

[csefarhad]

china is a technologically improvement state, most of their scientific instrument build with gold & silver.but there have not enough production power of gold & silver to maintain the demand of the elements. for this reason they keep pressure on purchasing of gold & silver substance.as China is economically development country their only aim to raise technologically in the world.

[First77]

china is a technologically improvement state, most of their scientific instrument build with gold & silver.but there have not enough production power of gold & silver to maintain the demand of the elements. for this reason they keep pressure on purchasing of gold & silver substance.as China is economically development country their only aim to raise technologically in the world.

With 819 billionaires in China and trade war started by Donald Trump on tariffs imposed by countries such as China and India on American products, China looks like taking safe haven in Gold and Silver.

Gold is going to $1,800/ounce.

[TheGreatPython]

I think it is not unfamiliar to the countries that go for the most .sl gold and some countries have also started advertising gold and silver. And the government agrees to it and supports it.

After barter system people started using gold and silver and from that time gold is popular around the world. This is not the most precious metal in the world but I don’t think that there would be a home that would not have gold. Gold can solve your financial problems in hard times while no other currency can take place of gold, even bitcoin also not capable of that.

[First77]

After barter system people started using gold and silver and from that time gold is popular around the world. This is not the most precious metal in the world but I don’t think that there would be a home that would not have gold. Gold can solve your financial problems in hard times while no other currency can take place of gold, even bitcoin also not capable of that.

Washington may slap sanctions on governments that fail to reduce Iranian oil imports to "zero" by early November, a senior State Department official has warned. But some partners seem reluctant to follow the demand. The US administration has been pushing its allies to follow US President Donald Trump's lead after he decided to pull out of the landmark nuclear agreement between Iran and six world powers. A senior State Department official told reporters on Tuesday he had been traveling to Europe and Asia to convince allies to isolate the "stream of Iranian funding."

India and China traditionally used to get a waiver from sanctions and kept trading with Iran even before the 2015 agreement, so speculation is rife as to whether they will manage to find workarounds this time.The State Department acknowledges that cutting off Iranian oil imports completely is a “challenge” that no country “wants to do voluntarily”.

https://www.rt.com/news

[Bakemat]

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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/article

Chinese government told/encourages its citizens to buy gold and silver in 2012.

China is one of the competitive country in terms of economy so it was normal for their country to advertise different types of assets but still i prefer cryptocurrency because it was more profitable.

[shainasaz]

I think they recommend that because the country of china gold and silver is more popular there that's why they suggest that.

[Portia12]

I think they recommend that because the country of china gold and silver is more popular there that's why they suggest that.

If you are going to look at the google map, their country is full of factories and smoke is all over the atmosphere so obviously, there are a lot of business in their country that is going on, but still people will prefer cryptocurrency over gold and silver since it was the mainstream right now.

[anhtuan845]

I think China is doing it to make the electronic currency go down. Then it will take over the money, then China will be the holder of this currency. Then all the countries in the world are dependent on the medium. China's expansion into the world of China.

[ice18]

What are this people doing with gold and silver? Its not profitable enough this days to store this precious metals many people prefer to buy gadgets this days for everyday use rather than storing gold and silver maybe china has trying to compete more trades with metals instead to crypto.