Mexico Remains At The Center Of The Silver Market

Mexico Remains At The Center Of The Silver Market

Posted on June 11, 2015 by Justin O’Connell — No Comments ↓
http://www.maxkeiser.com/2015/06/mexico-silver-market/#more-77587

Mexico is one of the top mining countries in the world for silver and there has even been a movement there to re-monetize silver led by friend of The Keiser Report, Hugo Salinas Price.

“[It would ] take just three or four men out of the ‘anti’ group,” says Hugo Salinas Price, a Mexican multi-billionaire and the man behind the monetary push, “and we could practically get a unanimous ‘yes’ vote in both houses.”

Mexico’s relationship with China has grown closer as China places gold and silver at the center of their economic and geo-political strategies. Mexico’s silver supply is growing, and the Mexican Libertad is one of the most important silver coins in the world.

As the travel website MexResorts reports, there is travel opportunities related to Mexico, a country where there is lots of silver. As I covered at MexResorts:

Taxco, Mexico is a major silver town in Mexico, where silver has been both mined and crafted into jewelry, silverware and other items, for centuries. It is this history of silver that has made Taxco a tourist destination, even as the only major mining operation winds down operations. The city is considered one of Mexico’s ““Pueblos Mágicos” (Magical Towns) thanks to the quality of the silverwork, the colonial constructions and the surrounding scenery.An American actually made the city’s silver history popular again in the 1920s, who created silver design workshops and exported items to the United States.

Silver production is posed to be at a deficit in 2015. Mexico sent $2.2 billion worth of silver into global markets last year, perhaps making Taxco more important than ever.

Taxco was one of the most important mining areas in the empire of New Spain, and you can find stores where locally-produced silver jewelry is sold, from high-quality earrings, necklaces, cufflinks to other silver creations. Getting to know this silver town is easy, once you’re there. The colonial town features many workshops where silver is worked nestled between picturesque mountains. In the town’s center stands the Parish of Santa Prisca, an extravagant baroque church from the eighteenth century, which is the premiere religious symbol.

Silver and Mexico are likely to be a trending story in coming years as investor demand for the metal remains strong. Miners in Jalisco state are still coming across high grade silver deposits. In Casa de Moneda’s in the country, where one goes to exchange currencies, silver coins are available, cementing silver’s fascination with silver bullion.

Read more at http://www.maxkeiser.com/2015/06/mexico-silver-market/#gQULjxBcVPrztXIx.99

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