16 August 2009: Up until this year it’s been illegal for the average chinese citizen to buy and hold gold and silver. Also this year the government made it illegal to export silver and investing in precious metals is now also being reported about in the Chinese government controlled media. See the video below.
We think this looks to be a very bullish signal long term for precious metals. You can also read a full expose from a local chinese source here. This is definitely worth a read and be sure to also read the third comment down by Kevin T.
Update: 7 October 2009: Here’s a video we’ve just come across with one mans very interesting and well reasoned theory as to why the Chinese government may be encouraging it’s citizens to buy precious metals…
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