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<p>[QUOTE=&quot;Zuhara, post: 829855, member: 23099&quot;]I was referring to the current Chinese government campaign which actively encourages their citizens to buy gold and silver for investment through TV advertising, promotions and the like. That&#039;s different than gold being available commercially as it is here. It would be comparable to the US government suggesting that people buy gold in their 401(k)s, or just keep some for insurance purposes. There has been some speculation about it, because it is unusual for governments to actively promote gold and silver ownership by citizens. I really don&#039;t have an answer. There is an interesting description of how easy it is to buy gold in China at Jesse&#039;s Café: </p><p>&nbsp;</p><p><a href="http://jessescrossroadscafe.blogspot.com/2010/01/memories-of-beijing-ten-years-past.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://jessescrossroadscafe.blogspot.com/2010/01/memories-of-beijing-ten-years-past.html" rel="nofollow">http://jessescrossroadscafe.blogspot.com/2010/01/memories-of-beijing-ten-years-past.html</a></p><p>&nbsp;</p><p>&nbsp;</p><p>To kill time, I extracted paper cash from atm network and exchanged same for little one troy ounce monetary gold wafer at airport sub-branch of bank of china. The staff were courteous, and the sub-branch manager spent 5 minutes with me to explain the way to buy and sell back gold.</p><p>&nbsp;</p><p>Each wafer is individually numbered, and registered.</p><p>&nbsp;</p><p>China is progressing fast in its re-engagement with gold. Wonderful. <u>It is interesting that gold seems to be everywhere now at the China retail level, legally bought, kept, sold back, and all tax free, at transparent pricing</u>, in alignment with gold reform that was two decades in planning, implementation, and rollout.</p><p>-------------</p><p>I wasn&#039;t making a specific comparison with the US, but since you asked, there things the US government could do to make gold ownership easier. From allowing purchase within our 401(k)s, to making gold available on a walk-in basis at banks as it was in the 1970s, to changing the tax laws to tax it at the capital gains rate like other investments. (Instead, they are spending a lot of time figuring out how to &quot;encourage&quot; people to annuitize their 401(k)s through the insurance companies. But I digress.)[/QUOTE]</p><p><br /></p>

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