Author Topic: Will Mexico be first?  (Read 2809 times)

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Offline pandamania

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Will Mexico be first?
« on: November 05, 2012, 10:39:32 AM »
There has been an increasing amount of talk about the possibility of using gold/silver again as a circulating currency and/or backing fiat currencies to some extent with gold/silver. In the US many believe that gold/silver are the currency mandated by the US constitution (changed by Presidential executive order but never by a Constitutional amendment).

Hugo Salinas Price believes that Mexico may be close to taking the next step toward using hard money again. Will they be the first ones to take action? Will the US once again return to the currency of choice (and mandated?) by the Founding Fathers?

Should the ball begin to roll what would this mean for precious metals as well as MCC`s and the coin market?

http://www.321gold.com/editorials/price/price110512.html
« Last Edit: November 05, 2012, 01:57:40 PM by pandamania »

Offline pandamonium

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Re: Will Mexico be first?
« Reply #1 on: November 05, 2012, 02:52:42 PM »
Mexico has huge deposits of silver and i think gold.  That is why the drug cartels have been seen in the mining areas.  They will try to take over of some of these mines.  Mexico could be the first to use silver as money due to their huge deposits.  Precious metals will skyrocket when the crimex manipulation is over.  How soon?  Do not know.  Maybe MCC's will go higher but some reports think the large premium paid on precious metals will be lost, probably temporarily.  In the long run, the best metals will climb the ladder and MCCs are in that position..........

Offline pandamania

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Re: Will Mexico be first?
« Reply #2 on: May 08, 2013, 12:17:40 PM »
In this very interesting and powerful interview with Karen Hudes, former Senior Counsel to The World Bank she suggests that the end of the  "corruption" and "non transparency" of the current financial system may be close at hand and that a dual monetary system with precious metals underpinning national currencies may be in short order.

http://bullmarketthinking.com/world-bank-whistle-blower-precious-metals-to-serve-as-an-underpinning-for-paper-currencies/

Offline Hippanda

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Re: Will Mexico be first?
« Reply #3 on: May 08, 2013, 01:33:19 PM »
In any switch over to a monetary system bases on precious metals, you can bet that there will be
massive corruption by insiders, cronies and politicians.

It would result on initial skimming and robbery of the general population of historic proportions.
"He who speaks without modesty will find it difficult to make his words good."

Confucius

Offline pandamonium

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Re: Will Mexico be first?
« Reply #4 on: May 08, 2013, 09:32:51 PM »
Interesting article and I believe her.  We have massive corruption already.  The derivative scandle will eventually be revealed.   I wonder if a couple of graded gold pandas will buy us a Senate seat in the future.  :)  ........

Offline pandamania

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Re: Will Mexico be first?
« Reply #5 on: December 11, 2013, 08:06:50 AM »
Or will it be China who is able to accumulate enough precious metals to be the first to reintroduce a hard currency?

http://www.gold-eagle.com/article/gold-backed-renminbi-yuan-looms-horizon