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13,244 Posts.
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04/12/08
09:30
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Mexico's effort which is getting blocked:
David Morgan article on Silver thread
Let us first look at the facts and then perhaps we can use
this information to help determine the most likely outcome
in the future. The first fact is that it is almost impossible to
get real gold and silver anywhere.
For example, this is just some of what I received this
month.
From Hugo Salinas Price, who longtime readers will know
is instrumental in getting the silver Libertad to circulate in
Mexico alongside the peso:
“Our central bank has informed us as of this morning that
they will only be able to supply us with 60,000 ‘Libertad’
ounces from here to December 2008. Banco Azteca has in
stock only 15,000 ounces at this time. Banco Azteca has
Copyright © 2008 November 2008 THE MORGAN REPORT WWW.SILVER-INVESTOR.COM 3
been selling 60,000 ounces a month in August and in
September.
“Question: How is it possible that a country which is either
No. 1, or No. 2 (Perú sometimes exceeding Mexican
production) cannot supply silver coin?
“Question: Is there some sort of agreement at high level,
to restrict the amount of silver coin that the population can
obtain?
“Question: Does this measure go beyond the scarcity of
silver at the present ‘paper price’ of silver, to a deliberate
restriction of silver coins to be placed in the hands of the
public?
“This restriction on supply on the part of the Banco de
México, which mints the ‘Libertad’ ounce, is disturbing to
say the least.
Hugo Salinas Price
This came in at the last moment:
“We've been informed that the Bank of Mexico is
explaining the measures it has taken to restrict access by
Mexicans to possession of Libertad ounces, as follows:
‘The House of Money has an excess of work and because
of this it cannot mint the coins which the public is
demanding.’”
CK
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