China Pimping Silver
From RealMoney last week.
In a recent televised broadcast, Chinese officials actively promoted
public investment in silver bullion. Prior to this, the Chinese silver standard
had remained somewhat unclear. But the report has been a definite step in the
direction of full public exposure on the commodity.
Held in the Beijing Caibai shopping mall, the broadcast literally unveiled an impressive selection of bullion offerings in 500-gram, and one-, two- and five-kilogram bars. According to Chinese officials, exposure to the metal is a wise investment for individual investors, and could be a good way to cash in.
I am considering an investment in silver to go alongside my position in gold, but I have yet to make a purchase.
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