China tells people to buy gold & silver

[redsun114]

China has a lot of gold, silver and some other rare metals (a top exporter too).

Yes that is right and there are reasons behind why Chine endorse the purchase of Gold and Silver and wants her citizens to invest in the two precious metals.

The access to the modern technology is based on the production of smart phones and gold is a metal that is extensively used in some parts of the smart phones and the reason why china wants to claim the majority of gold is that they are in crick competition with US in the race of technology. Besides, it strengthens the economy.

[wendiar19]

That may be because China already has gold and silver first and they sell it at a very high price while they buy it when conditions are cheap so they look for benefits by suggesting to buy gold and silver.

[Kris34]

They say so, to make money on bitkoin buying everything and not selling or selling at a very high price.

[19Nov16]

In my opinion this is a wise and safe recommendation for the long term, as we know that the safest investments are gold and silver, I believe that investing in gold and silver can survive even if there is a world war or global recession.

[Afro19]

due to the fact China does not agree with in Bitcoin. They view Bitcoin as dangerous enemies may want to affect the united states of america's economic system. on the other hand the chinese government wants to increase their country wide cash, in order that they suggest humans to buy gold and silver.

[manismanja]

yes maybe they give the information because they see gold and silver is something that has a very expensive price and can be held directly different from bitcoin.

[onepiece1995]

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

China has $2 Trillion to $5 Trillion for Gold ?? Chinese government told/encourages its citizens to buy gold and silver in 2012.

Yes, most Americans or Chinese invest in gold or silver. they do not believe in things that are uncertain or uncertain. and they only want direct income to be calculated, so surely most people in China will save it in gold or silver.

[Elyziey]

Most Chinese loves gold and silver.  They always look at them specially gold as best investment than any other precious metals.  Even here in the Middle East, most Chinese expats spends lots of cash buying gold for them and for their love ones. 

[Eigig]

China tell people to buy gold and silver, this is because the chinese people are pattern to their ancestors ,that to invest in pieces of gold and silverr because this investment will last for a very long period of time , because some are afraid to invest in things that can not be actually seen physically, so its better gold and silver  to invest.

[hometester]

perhaps in this way they want to raise the price of the domestic rate of gold and precious metals?

[First77]

Some major events as seen by China.

Trump says he’s ready to hit China with $267,000,000,000 in additional tariffs

President Trump told reporters that tariffs on an additional $267 billion worth of Chinese goods are ready to go, in addition to the $200 billion in tariffs the White House has already lined up.
Trump told reporters about the tariffs on Friday while returning to Washington DC from Montana, where he held a campaign-style rally Thursday night.

The new tariffs compound a 25 percent levy on $200 billion worth of Chinese goods that Trump has already threatened China with. These tariffs have not yet been applied, and White House economic adviser Larry Kudlow said that Trump will not make a final decision on applying them until after he evaluates comments from the public.

https://www.rt.com/news

[robotrobert]

Honestly, I don’t see any problem here. Sure, crypto is great investment, which might be even better then gold, but it way less stable then precious metals. Actually, I think that some of reasons why people are hesitating between virtual and material investments are uncertain status of Bitcoin and its high volatility. For myself I chose to be a cryptoinvestor, but if someone want to invest in gold or silver - why not.

There is no need of suggestions if China is suggesting people then it is not necessary even because investors already know that where huge profit exists. Precious metals like Sliver and Gold are also best for investment, before the cryptocurrencies these two were considered as great sources for investment but this reduced after the introduction of cryptocurrencies. However these metals are still known as best metals besides which Bitcoin is spreading with the passage of time.

[Nucunsimeo]

I think it's just one of China's strategies to reduce the purchase of bitcoin and cryptocurrency, indirectly it will lower the price of bitcoin and then they (China) make large-scale purchases as happened some time ago

[inding]

Gold is just a very traditional way of investing. The strength of the dollar today is dependent on the gold that was invested. Bitcoin will replace the position of gold in the future.

[Okrah]

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.

I agree. Nowadays, silver and gold are not so popular today. Its value is not so high as compared to the past years.New trends are high tech gadgets. That it affects the value of gold and silver.

[Blackhammer321]

i guess there is nothing strange with china, because we know that gold is an investment tool has been a long time ago. so the government may suggest to invest safely

Got some point. But the thing here is the Chinese government somewhat despise the use of cryptocurrency that is why they are promoting investment into other stuffs. This is probably because of the fake news that concerns into the market of cryto that is why China want their people to have a safe investment. But still cryptocurrency is something where you can trust.

[Hunusubuturi]

They actually don’t want anyone to have complete freedom of wealth and this is why controlling heads are busy in diverting the attention of rebellious minds from bitcoin to other modes of investment. Investing into bitcoin could be a vengeance act for government by those who are fed up of getting ruled by a bunch of idiots.

[Neraj Evad]

The advisory of china of buying gold and silver is pattern from their ancestors, that if they acquire certain amount of money they immediately buy gold and silver which serve as their investments that can be used ,when the time comes that it will be needed.

[Julasic]

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.
 

[richmcrich]

Gold investment is the best investment in the world as well as silver.

Absolutely this has been one of the oldest and the most profitable business of all time. Even today, many of the aged investors besides investing in many assets consider the gold and silver the most attractive and this is because of the price stability which rises with time and give away high returns. UK started collecting gold and precious metals at the time of mercantilists and this was considered a way of getting rich.