Topic: China tells people to buy gold & silver - page 13. (Read 4163 times)
I do not wanna sound mr.Knowitall but I think that the reason for this is that china is afraid that people might completely go into full crypto and forget the main investments that the government can make money from due to taxes. Which is why I think they are using this as an alibi to get the attention of chinese people away from cryptos. That is just my speculation.
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.
The market is falling into recession and crisis, bitcoin prices are constantly decreasing, the world is going to war between the United States and Russia, the above indicates that the economy around the world is gradually falling. The crisis, the price of bitcoin fell sharply, the stock is also plagued so we will find the most valuable and safe objects to invest that is gold. Gold is always valued and is recognized by everyone, can buy anywhere. 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.
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.
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.
It might be their own strategic planning. We can’t just intimate what would have been planned against this strategy. This might be a chance for them to lose their value in crypto world. Because later on, when bitcoins would be the only supreme factor of categorization and nations are measured accordingly, then they will lose everything. So better for them is to make good moves towards this side too.
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.
China is a very strict country on crypto money. Authorities do not welcome such investments. Instead, gold is always a resource that will always win. That's why it's natural for them to direct people.
This is interesting I have known for some time that the Chinese government is buying gold and silver, they are probably thinking the dollar is going to collapse at some point in the future and they are preparing to face that reality but it seems they not only care about themselves, they are giving very good advice to their citizens since gold and silver are some of the best currencies around the world.
That's interesting. Maybe they know that something bad might be happening in the future, and precious metals retain their value best. Catastrophe?
To be honest I'm not sure gold and silver will be a nice investment for the future..
I mean.. ok there are a lot of applications for this metals but... Are we sure we won't discover any new metal/thing that will be used instead of them? Personally, I don't trust in gold/silver investment, I prefer to invest in cryptos that will replace banks in few decades.
I mean.. ok there are a lot of applications for this metals but... Are we sure we won't discover any new metal/thing that will be used instead of them? Personally, I don't trust in gold/silver investment, I prefer to invest in cryptos that will replace banks in few decades.
At present, digital values and devices from the world of technology are becoming more relevant for people. In my opinion, China is doing this specifically to distract investors from digital gold and digital crypto currency.
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.
which makes it very useful for the Chinese government, because who controls the masses is one of the main goals. And gold or silver are very conservative and especially, easy to control
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.
China does everything to control the people but they do what they think that they have to do. Still, many Chinese guys are involved in trading and ICOs.
The information on reserves in the People's Republic of China is classified information. But the fact that China continues to replenish its gold reserves at a record pace is a fact. China is one of the largest owners of US bonds, which makes it dependent on US policy. And just real gold (silver) is the ideal insurance option in case of a sharp aggravation and a trade war that has already begun. And the fact that Chinese citizens are allowed at the legislative level to own gold and silver - this indicates that there is a different mentality between the western and eastern worlds.
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.
So I think that at this point you should invest in gold, you can see that the crypto market is in a bear market and is falling into a recession as prices of bitcoin and altcoin are constantly decreasing over the days. The gold price is rising gradually and is reaching its peak from the year to date. So I think you should invest in gold at this time. 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.
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.
Russia & China agree to joint gold mining project in Siberia
The Russian government has approved a cooperation agreement with China on developing the Klyuchevskoye gold ore deposit in the Trans-Baikal region.
The decree was signed by Prime Minister Dmitry Medvedev, and the project is expected to be operational in two years. The planned volume of ore extraction is over 12 million tons per year.Development of the Klyuchevskoye gold deposit is a very important project, according to the region’s governor, Natalia Zhdanova. Three countries – Russia, India, and China – are involved in the project’s development.“It is important for the region. Foreign economic policy and attraction of investors are among the key work aspects for the Trans-Baikal’s government,” Zhdanova said, adding that 28 projects involving foreign investors are already being implemented there.
https://www.rt.com/business
The Russian government has approved a cooperation agreement with China on developing the Klyuchevskoye gold ore deposit in the Trans-Baikal region.
The decree was signed by Prime Minister Dmitry Medvedev, and the project is expected to be operational in two years. The planned volume of ore extraction is over 12 million tons per year.Development of the Klyuchevskoye gold deposit is a very important project, according to the region’s governor, Natalia Zhdanova. Three countries – Russia, India, and China – are involved in the project’s development.“It is important for the region. Foreign economic policy and attraction of investors are among the key work aspects for the Trans-Baikal’s government,” Zhdanova said, adding that 28 projects involving foreign investors are already being implemented there.
https://www.rt.com/business
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 do not know what you are talking about, the main reason of why gold and silver are valuable is because there is a limit in the amount of gold and silver, this is one of the reasons why those two elements became currencies in the first place and this is one of the reasons bitcoin is often compared to gold because of its limit of 21 million coins. 
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.
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.....
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