Here’s a tip: When governments give investment advice, you should generally do the very opposite. Governments worldwide are gorged on massive debt and teetering from decades of Keynsian economics. There is not a currency on earth that is backed by anything but paper.
Now the government-owned newspapers of China are loudly telling readers not to panic, after a 3-week stock-market decline has wiped THREE TRILLION DOLLARS of value from the market. (This is an amount larger than the GDPs of all but a few countries.) The story is here.
PANIC!
