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Hugo Salinas Price: Strong demand for silver coins in Mexico
3:22p ET Tuesday, November 3, 2020
Dear Friend of GATA and Gold:
Hugo Salinas Price of the Mexican Civic Association for Silver reports today that the public in Mexico appears to be buying about 3 1/2 times more 1-ounce silver Libertad coins than it is selling.
Salinas Price adds that the issuer of the Libertad, the Mexican central bank, the Banco de Mexico, expects that its supply of the world-famous coin will be exhausted by year-end.
When pesos are converted to dollars, the retail price of the coin appears to be around $28.40, about $4.36 more than the so-called "spot" price of silver but comparable to offers on U.S. silver eagles in the United States.
Salinas Price's report is headlined "About Libertad Silver-Ounce Coins in Mexico" and it's posted at the association's internet site here:
http://plata.com.mx/enUS/More/400?idioma=2
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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