China’s NEW Way To Buy Gold

China's citizens have a new and even easier way to buy gold. Chinese bank account holders are now able to purchase gold directly through their savings accounts. The new change reportedly came in the early hours of Tuesday. Renminbi (RMB) savings accounts at commercial banks in China now have the option of converting directly into gold, as opposed to going through a bullion dealer.

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#China #Gold #Investing

[ainsliebullion]

Do you think YOUR bank will ever let you buy gold straight through your account?
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[SirCharlesPerkins]

This will be seen, in hindsight, as a watershed moment for gold. China has always encouraged its citizens to own gold ever since the PBOC stashed enough away for China's own needs, but THIS... makes it easier than ever to own gold. And don't think for a moment the folks in next-door India aren't going to notice this and start demanding a similar scheme to buy gold directly from their Rupee accounts, if they can't already.

[d]

one cannot cash out USD in a Chinese bank. gold?

[listeningtothis]

I am going to buy buy buy all the physical silver and gold I can afford especially at the price is being forced down artificially? Maybe they haven’t purchased thirds and they need to get them at a better price I’m not sure but it is a buying opportunity to physically on gold and silver and hold it because the time is coming quickly or the price will go out of control. The demand is much higher than the supplies?

[cameronhickey]

So, will it be REAL gold or copper bricks wrapped in gold like happened a few years ago????

[LoloLolo-nvwg]

The people in China. Buying gold. .there for the Chinese promote gold perches.

[tittiger]

Want to bet that the CCP and not the citizens can actually physically hold this gold!

[donnysgold]

I sell Gold if anyone is interested in buying.