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The Chinese Government Advises Citizens To Buy Gold & Silver
By Bob Tonachio
Story Published: Mar 1, 2010 at 9:23 AM CST
In fact, China just introduced silver bars for investment.And the state-run China Central Television (CCTV) is running a campaign encouraging the population to invest in gold & silver.
Real gold and silver investing has just begun in China.
China’s largest bank, the Industrial and Commercial Bank of China, created a new department to serve investors seeking gold and silver.
The bank told Reuters the Chinese have a custom of holding gold as a form of personal wealth and its gold market could soar as people get wealthier.
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The advancement of China’s ascent as a world power affecting global economics – various experts believe China will take the place of the U.S. as the world’s largest economy inside 20 years.
In addition, their policy banning its citizens from owning precious metals has been lifted because they recognize, like India, the value of protecting savings.