China encouraging citizens to buy Silver and Gold

[ozyjon]

I'm seeing and hearing more of these headlines bouncing around the

financial papers, blogs videos and discussions,, it's time to crank up

Youtube and start reading,, Bloomberg News started the ball rolling and

it's picking up momentum.

Also an article from Silver Doctors that has the article,,,

http://www.silverdoctors.com/gold/gold-news/bombshell-chinese-revelations-chinese-banks-and-100000-outlets-selling-gold-to-public/

In a MUST SEE interview with Bloomberg, Albert Cheng, the World Gold Council’s Managing Director, Far East dropped 2 bombshells regarding Chinese gold demand.
First, Cheng revealed that nearly every Chinese Bank is now selling gold over the counter directly to the public, and Cheng also made the shocking revelation that over 100,000 gold dealers are now selling gold to the public in China.
To put this number in perspective, the number of US retail locations for McDonalds, Subway, and Starbucks COMBINED… are only 50,000!

This is a wake up call to everyone thinking about investing in Gold and Silver, China

and India will have the biggest gold reserves in the world, meaning less supply leading

to higher prices,, please NOTE in all instances i am referring to BULLION only.

Max Keiser reported on this with his guests on his show Episode 927, its worth watching.

[maewang99]

Gold and silver are untouchable even as 10 year bunds start to go negative. Why is that? At the same time as well, there are still many basic businesses, listed ones, with very good dividends, annual Thai tax refunds for 180 day plus residents and they are quite sustainable.... perhaps even through a global depression.... because this part of the world isn't sinking. Thailand's demographics are a small negative in the bigger picture. I have not seen any slowdown hardly at all in the Thai and Filipino sectors I am in. And these puppies are liquid unless you are a billionaire, in which case go for the German bonds. PE's that are still in the 7's and 8's and 9's, and pay it out along with Thai tax refunds every year in a low rate environment are a better bet. We ain't seen a real spike in the local market yet. A monster one. And it is quite doable, b*e*c*a*u*s*e of the demographics... not in spite of it. Can you imagine retiring with money sitting in property that is going to be increasingly taxed and bank accounts offering you zero interest? After that pop we can buy the shiny commodities.

[BuaBS]

Chinese government protecting it's citizens agains futher yuan devaluations ?....and it wants them to keep their money in China .

The Gold & Silver fear porn has been going on for years , especially on sites like silverdoctors , and rightly so .

I hope they buy a lot of it and destroy the fraudulent comex & London fix and bleed out the western stash.