even mexico can't supply silver
posted on
Oct 21, 2008 08:05AM
SSO on the TSX, SSRI on the NASDAQ
ed steer reports that even hugo salinas price can't get silver in mexico:
I picked up a little tidbit over at Bill Murphy's lemetropolecafe.com that I want to share with you today. For most of you, the name Hugo Salinas Price won't mean a thing...so let me enlighten you. For starters, he's one of Mexico's most well known public figures...and he's a multi-billionaire to boot. His chain of appliance stores in Mexico is one of the major distributors of the 1 oz. silver Libertad coin. He also gets to talk about silver all he wants on his own Mexico-wide television network.
This is the e-mail he sent to Mr. Murphy yesterday. You can read into it whatever you want..."Hi Bill! 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 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. Will keep you posted." Hugo
http://caseyresearch.com/displayDrp....