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Message: from goldinvestmentreport

from goldinvestmentreport

posted on Dec 24, 2009 11:39AM

Wishing all a Merry Christmas and a PROSPEROUS New Year

Here is the article.

China will buy up the gold and silver markets.

The Chinese government is encouraging its citizens to put at least 5% of their savings into gold and silver. They are telling their people that gold and silver are good investments and that will safeguard their wealth. Since the stock market crisis last year, the Chinese believe it. In China there is no government retirement and no pension plans like many countries in the world.

People are lining up outside of Chinese banks, post offices and the new official mint stores to buy gold and silver.

The Chinese attitude toward gold and silver is very different than the American attitude right now. Gold and silver investing in the U.S. is nowhere near the mainstream.

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Dec 24, 2009 01:17PM
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