People in North America and Europe are used to seeing plenty of advertisements for gold and silver – from opportunists urging people to get rid of their “useless” gold and silver for cash! Clearly this is a bullish indicator for the market, as these companies wouldn't be spending large amounts of advertising dollars to hype “scrap” sales, and then even more money buying the metals if they didn't see the opportunity for big profits.Read the rest here.
It turns out that there is also “advertising” for gold and silver in China, too. The big difference here is that it is China's government which is advertising the “opportunities” in gold and silver and it is urging the Chinese people to buy gold and silver.
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Friday, September 04, 2009
China Urges Citizens to Buy Gold and Silver
Things that make you go hmmmm...
At least those people advertising on TV are doing so because they can make a substantial amount of money by underpaying for the metal -- but they aren't very good at spotting fakes.
ReplyDeleteThe consumerist has a good write-up on Cash4Gold: http://consumerist.com/5349663/the-article-cash4gold-doesnt-want-you-to-read