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26/September/2006
The Mexican Peso and the Roman Denarius
Hugo Salinas Price
With regard to silver coinage, Mexico has followed the model established by the Roman Empire 2,000 years ago. During the late Roman Empire bronze coins were ingeniously silver-plated to resemble silver coins; a little rubbing revealed the bronze... more>> |
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01/June/2006
Calling a horse a cow, doesn’t make it a cow
Hugo Salinas Price
Even if we call a horse a cow, it is still a horse. We can certainly call what we use for exchange today money; and we can regard it as money. But let us be perfectly clear: when we receive today’s money, we are most certainly not receiving payment... more>> |
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01/February/2006
What’s up with gold?
Hugo Salinas Price
There is not enough gold offered for sale to satisfy demand for gold at $550 dollars an ounce. The WBCs today either cannot or do not wish to let go of gold in quantities sufficient to keep the price of gold in check... more>> |
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15/July/2005
Imaginary Money ‘I-M’
Hugo Salinas Price
Humanity – not only Mexico – is living in a world in which a very large part of the wealth that it believes it owns, is purely imaginary wealth. We are living not in a real world, but in a world of dreams, in which we spend as if we were much wealthier than we really are... more>> |
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01/June/2005
The international monetary process
Hugo Salinas Price
On August 15th, 1971, the world was left without an “International Monetary System”. What remained, and remains to this day, after the U.S. refused to redeem dollars for gold, is no longer a system. It cannot be a system, because the internal control which blocked the violation of critical parameters and insured operational stability has been removed... more>> |
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04/April/2005
No one ‘returns’ silver coins: two laws at work
Hugo Salinas Price
Legislation, Positive Law, will have turned a commodity, the silver ounce, into money, and with that legislation the Mexican Congress will have bestowed upon Mexico a social benefit that costs nothing, but which has enormous economic, psychological and political value for the nation... more>> |
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17/December/2004
Silver’s three flags
Hugo Salinas Price
Silver in circulation will serve to remind us that it is possible for a society to use silver and benefit from the use of real money, honest money. Otherwise, it is possible that we may forget this, as has happened to many nations in the world.
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