Tuesday, May 17, 2011

Silver To Be Re-Monetized In Mexico Soon

According to an interview with Hugo Salinas Price on KWN (King World News), Silver is in the process of being reintroduced as circulating currency in Mexico.  Mexico recently purchased 100 Tons of gold in a effort to diversify their reserves as they must see "the writing is on the wall" that currency destruction and financial ruin are coming to America very soon.

Mr. Price was quoted as saying "I can’t help telling you that we have very strong support in the Congress for the monetization of silver, very strong support.  Congress is not in session now and will not be back in session until September, but I have high hopes that when both the upper and the lower Houses reconvene in September that we will see something very good happen.”

When asked if the monetization of silver in Mexico could happen in one, two or three years Hugo Salinas Price replied, “I think it could happen sooner than that, I think that it might happen this year.  Things are looking good.  Of course I have been saying this for some time, but now I am saying it with more emphasis...The idea is now firmly entrenched and it’s only a matter of time before we see some action.”

Read more here:   http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/5/16_Hugo_Salinas_Price_-_QE_in_US_Will_Lead_to_Utter_Destruction.html