China encouraging citizens to buy Silver and Gold

This broadcast is dated September 2009, nothing new but something to seriously ponder over. Silver price is poise to rise dramatically. Why?

Prior year 2002, the private ownership of gold was prohibited in China but since early 2009, the Chinese government has been promoting aggressively the ownership of silver and gold to its citizens through China's Central Television, the main state-owned television company. Locals can buy silver bullion or gold bars at any Chinese bank in four different sizes

Why is the government doing this? What is their agenda?

Ponder over this -

The global annual mine production for silver stands at 860 million ounces. Population of China is 1.3 Billion. Even if half, 650 million, were to buy a minimum of one ounce every month, that is enough to cause a price increase. If the Chinese citizens are indeed beginning to buy gold and silver, then this has to be a strong indication that prices are going to rise dramatically in the relatively near future.

China is the only country in the world now that promotes gold and silver to their citizens.

If the Chinese are buying silver it means silvers worth buying. The Chinese citizens are big savers who save a big % of their salaries. Now they're allowed to buy silver the investments they make will be enormousthe government is pushing silver and gold as wise investment vehicles for the Chinese worker. The #1 reason why silver will reach a triple digit spot price is the China factor.....

China & The Supply of Silver

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The increasing silver price has attracted many gold investor in China

The surging gold price brings the precious metal price high. The silver price increasing pace even surpasses that of gold. The increasing silver price has attracted many gold investors. Customers say they purchase it because of its smaller risk. Also, the sum of money need to invest in silver is much smaller than that to invest in gold. In a Beijing store, the silver price has increase nearly 100 percent compared with that in July 2009. Business insiders say there are many channels for Chinese customers to invest in silver.
Silver is becoming the next cheaper alternative to Gold and it is selling very well in China

Li Qijia, Senior Analyst of Haitong Futures said "There are three kinds of silver investment in China. One is to invest in Shanghai Gold Exchange. Another one is to open an silver trade account in the Industrial and Commercial Bank of China. A third one, which is also a simple channel, is to invest in silver coin.