Video on why China is telling it's People to buy Gold & Silver

Discussion in 'Gold' started by dagsgarrett, Oct 20, 2012.

  1. dagsgarrett

    dagsgarrett Member Silver Stacker

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    Came across this YouTube Video this morning thought it was an interesting video of one mans take on why China is telling it's People to buy Gold & Silver

    [youtube]http://www.youtube.com/watch?v=Sp-XedYBE14[/youtube]
     
    dagsgarrett, Oct 20, 2012
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  2. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    I heard that its to divert the major spending away from property and to cool the property market.
     
    Ronnie 666, Oct 20, 2012
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  3. davo0192

    davo0192 New Member

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    those are very interesting concepts. And it does make sense to China to do something like that.
     
    davo0192, Oct 20, 2012
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  4. yennus

    yennus Well-Known Member Silver Stacker

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    My Youtube is blocked in China... what does the video say?
     
    yennus, Oct 20, 2012
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  5. dagsgarrett

    dagsgarrett Member Silver Stacker

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    Hi,


    It basically states that the reason China is wanting its citizens to purchase gold is so they can then convert that gold into Legal Tender Coins, which would add value to the Yuan without causing Inflation, and giving Chinese Citizens more buying power. Having a currency that is back buy something real being Gold, & not just printed out of thin air, and they would do this by the citizens buying the gold not necessarily just the government and allowing the Yuan to one day become the Reserve Currency.
     
    dagsgarrett, Oct 20, 2012
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  6. yennus

    yennus Well-Known Member Silver Stacker

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    Thanks dagsgarrett, much appreciated! :)
     
    yennus, Oct 20, 2012
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  7. Guest

    Guest Guest

    [youtube]http://www.youtube.com/watch?v=PqFpl31UwPI[/youtube]

    [youtube]http://www.youtube.com/watch?v=_cjjTnUnkIc[/youtube]

    This has been going on a while...

    Ever wonder why you don't see anything similar in Western nations?
     
    Guest, Oct 21, 2012
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