China tells people to buy gold & silver

[Caubethamaner]

I know that most of people who buy gold and silver now are one who completely don’t know anything about crypto. It’s just like some know crypto will buy bitcoin more than gold, and opposite that some who don’t understand about crypto will buy gold more.

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[First77]

Trump greenlights tariffs on about $200 billion more in Chinese products

US President Donald Trump has reportedly given a go ahead to additional tariffs on Chinese goods worth about $200 billion. The instruction to aides comes despite attempts by the Treasury to restart talks with Beijing.

The news was initially reported by Bloomberg and Fox News and later confirmed by Reuters. According to Bloomberg, the Trump administration has decided to delay the public announcement of the measure “based on concerns raised in public comments.”Trump ordered the new salvo in his trade war with China after meeting Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross, and US Trade Representative Robert Lighthizer, Bloomberg sources said. Mnuchin was earlier trying to kick-start negotiations with China, which responded in kind to the previous round of 25-percent tariffs on goods worth $50 billion and promised to act likewise in the future.After the period of public comments on the proposed tariffs on an additional $200 billion in Chinese goods expired last week, Trump announced they would be imposed soon, but didn’t offer a timetable. The president said the US has the upper hand in the trade war with Beijing and threatened to expand tariffs to virtually all Chinese imports.

https://www.rt.com/business

[DimensionsOfHell]

gold and silver is stability, I myself have faced this and more than once every year the price changes and I would not say about negative changes. It is because of this that many people invest their savings in precious metals.

[Daseento]

Governments generally do not encourage whatever will diminish their influence, hence, a preference for traditional ways of doing things. Gold, Silver and other precious commodities are already regulated by government. Hence, the preference for this over cryptocurrencies.

[nyobaanweh]

I think it's the right of every government of a country to give an appeal or invitation, but I don't think it will affect crypto, it's still an option not an obligation, indeed investment in gold is also advertised in my country even banks in my country offer gold as a commodity for investment, but it has no effect, what I see is that more and more people are interested in crypto, so that is not something to worry about because it has no negative impact on the crypto market

[best ever]

I know that most of people who buy gold and silver now are one who completely don’t know anything about crypto. It’s just like some know crypto will buy bitcoin more than gold, and opposite that some who don’t understand about crypto will buy gold more.

I do not think that it is anything bad when you invest in silver or/and gold. No one will stop you to deal with the cryptos and the precious metals as well. You'll get more income.

[Belmyl]

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.

[redsun114]

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.

People are already investing in gold and silver and they have the modern investment source as well. If China is telling people to go for only gold and silver seems that they are stopping them from cryptocurrency. This is not good as everyone is feeling the success in Bitcoin and they will invest if they want profit. It is always a better decision to diversify your investment in the top sources will give you huge collective profit.

[andika2018]

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.

Gold still considered as safest investment by many people. Not many people understand about bitcoin or cryptocurrency, they think crypto is just a buble market. China is biggest economic country in the world after USA and if china start to collecting gold as their reserve, they must be see crisis in near future

[Iwillgotothemoon]

This is no problem. The country's large population shows that the more stable area of citizen investment is the most correct. Currently, there is a lot of instability in the growing cryptocurrency. So this is the right way.

[aleksnutis]

Good advice from a normal government. Many countries advise their citizens to keep money in national currency, which is a huge fraud.

[BlueStackz]

I know that most of people who buy gold and silver now are one who completely don’t know anything about crypto. It’s just like some know crypto will buy bitcoin more than gold, and opposite that some who don’t understand about crypto will buy gold more.

Actually Chinese do know about the cryptocurrencies like Bitcoin but the reason why China wants her citizen to invest in gold and silver is because of the mercantilist concept. They were of the view that the more precious gold like gold and silver a country accumulates, the more it will grow and will advance.

This physical holding of gold ensures the presence of the wealth however the presence of Bitcoin in your wallet do not always promises the same amount every day so this is the reason why China endorse the investment in gold and silver.

[Buttermellow]

China people were arifact lovers even in the ancient times where they use to bargain their porcelain vases which for them are very precious just like gold and silver.  In fact they claim one of the island of the Philippine territory because they had known that they came their first with their ancestors artifacts in that certain islan found. Thus, artifacts will include the silverware and goldware.

[ngano ba]

Maybe that china would like their people to invest in silver and gold because this is pattern from their ancestors, that is will aquire a huge amount of money they invest it in gold and silver for this could be a long term investment that is not risky, compare to this modern day investment especially digital investments
.

[DRVX]

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.

People are already investing in gold and silver and they have the modern investment source as well. If China is telling people to go for only gold and silver seems that they are stopping them from cryptocurrency. This is not good as everyone is feeling the success in Bitcoin and they will invest if they want profit. It is always a better decision to diversify your investment in the top sources will give you huge collective profit.

I do not see anything bad in that t China inspires its people to invest money in silver and gold. Precious metals will be always growing in price. However, younger Chinese guys prefer to buy cryptocurrencies.

[Zadeket]

gold and silver is stability, I myself have faced this and more than once every year the price changes and I would not say about negative changes. It is because of this that many people invest their savings in precious metals.

The Chinese government encourages its citizens to buy gold or silver, because its value is always increasing, so that if its citizens invest in something whose value is always increasing its welfare will increase. The Chinese government is worried if its citizens invest in cryptocurrency, because the price is not stable.

[breathlessz]

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.

People are already investing in gold and silver and they have the modern investment source as well. If China is telling people to go for only gold and silver seems that they are stopping them from cryptocurrency. This is not good as everyone is feeling the success in Bitcoin and they will invest if they want profit. It is always a better decision to diversify your investment in the top sources will give you huge collective profit.

I do not see anything bad in that t China inspires its people to invest money in silver and gold. Precious metals will be always growing in price. However, younger Chinese guys prefer to buy cryptocurrencies.

precious metal is the safest investment. so that it does not hurt government to advocate like that. whereas cryptocurrency, requires technology, where sometimes parents find it difficult to follow.