Why is the Chinese Government Telling their Citizens to buy gold and silver?

China is ENCOURAGING its citizens to buy gold. The government is even producing educational television programs on the subject...

http://www.brasschecktv.com/page/800.html
As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.

Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    Its CHINA !!!!!!! C H I N A
  • purch
    purch Posts: 9,865 Forumite
    Because they know their Economy is in a huge bubble, is unsustainable and will result in hyperinflation :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • tradetime
    tradetime Posts: 3,200 Forumite
    icon4.gifWhy is the Chinese Government Telling their Citizens to buy gold and silver?
    Because it looks better than Pink?
    Hope for the best.....Plan for the worst!

    "Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown
  • purch
    purch Posts: 9,865 Forumite
    Why ?

    1. They think it's a good investment-and they are correct
    2. They think it's a good investment-and they are wrong
    3. They know something we don't
    4. They don't know something we don't
    5. They want all their citizens to get extremely rich
    6. They want all their citizens to stay poor
    7. They want the price ramped so they can dump their reserves
    8. Peter Mandelson has asked them to ramp the price, so he can keep reminding Gordon that he sold at the bottom, and hopefully the stress will make him commit suicide, and then Mandelson can be PM
    9. Errrrr
    10. ..............

    One of those, or maybe something completely different :)
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You've brought this up before...

    ...and I'll give you the same answer, their economy is overheating.
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • hallmark
    hallmark Posts: 1,459 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Well I thought it was an interesting video.
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