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11:42a ET Monday, December 20, 2004
Dear Friend of GATA and Gold:
GATA today distributed internationally by the
Business Wire service a press release about
efforts to remonetize silver in Mexico. The
release is appended. Please help us circulate it
around the Internet and to news organizations.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Mexico May Remonetize Silver, GATA Says
Press Release via Business Wire
www.BusinessWire.com
Monday, December 20, 2004
DALLAS -- Mexico is close to remonetizing the
country's greatest natural resource, silver, the Gold
Anti-Trust Action Committee said today.
GATA distributed an essay from its correspondent
in Mexico City, Hugo Salinas Price, reporting that
legislation is pending before the Ways and Means
Committee of Mexico's House of Representatives
that would put an undenominated one-ounce
"Libertad" silver coin in general circulation along
with Mexico's current paper money.
While it is vehemently opposed by Mexico's central
bank, the Bank of Mexico, the legislation has the
support of 30 of Mexico's 31 state governors and
176 Mexican journalists and was almost unanimously
favored in a poll taken by TV Azteca, GATA said.
GATA said the silver coin legislation would give
Mexicans a choice of money by which they might
protect themselves against the devaluation of fiat
currencies; would stimulate employment in the
country's mining industry, the world's largest
producer of silver; and would help break the
suppression of the price of both silver and gold on
the U.S. commodities exchanges, which are
dominated by derivatives players more or less
backed by the U.S. government.
Salinas Price's essay can be found at the Internet
site for GATA dispatches here:
http://groups.yahoo.com/group/gata/message/2681
Salinas Price's own proposal for remonetizing
silver in Mexico can be found at his Internet site
here:
http://www.plata.com.mx/plata/plata/english.htm
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http://www.thebulliondesk.com/
http://www.goldismoney.info/index.html
http://www.minersmanual.com/minernews.html
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html
http://www.investmentrarities.com
http://www.kereport.com
(Korelin Business Report -- audio)
http://www.plata.com.mx/plata/home.htm
(In Spanish)
http://www.plata.com.mx/plata/plata/english.htm
(In English)
http://www.resourceinvestor.com
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http://www.interventionalanalysis.com
http://www.investmentindicators.com/
Eagle Ranch discussion site:
http://os2eagle.net/checksum.htm
Ted Butler silver commentary archive:
http://www.investmentrarities.com/
----------------------------------------------------
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WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS
Blanchard & Co. Inc.
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info@mocoin.com
314-965-9797
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Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com
----------------------------------------------------
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