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Mexico To Monetize Silver?

May 18, 2011

From King World News, a Mexican billionaire Hugo Salinas Price says silver will be monetized (turned into currency) this year. This guy is obviously pumping his position as his “organization, the Mexican Civic Association Pro Silver, is actively lobbying the Mexican Congress to approve legislation, which will institute the pure silver “Libertad” ounce as money.”

This is however made a bit more believable by the huge gold purchases by the Mexican central bank over the last few months.

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