Hugo Salinas Price

Hugo Salinas Price is a Mexican citizen, born in the USA of an American mother and a Mexican father. He is 81 years of age. Married for 58 years to a Mexican wife; they have 18 grandchildren. He dropped out of three universities: Wharton, Monterrey Tec (Mexico) and National Autonomous University of Mexico.  Hugo started out in business life in 1952 as a General Manager of a tiny company manufacturing radios in Mexico City. He was 20 years old at the time and soon learned about the importance of having funds to meet the pay-roll every Friday. The company was owned by his father, and gradually turned into a manufacturing company with its own retailing branch, selling all sorts of consumer goods, including its own TVs.  His website is www.plata.com.mx.

Articles by Hugo Salinas Price

A well-known story from yesteryear: when Venustiano Carranza was President of Mexico (1917-1920). Carranza issued a great quantity of worthless paper money, which caused much resentment on the part of the population. Someone (whose...
If I have funds in a bank account, I know that I have a certain amount of fiat money available in that account, upon which I can draw more or less freely, according to the nature of the contract between myself and the Bank. The value of my...
All the currencies of the world today are derivatives of the dollar, including the Russian Ruble and the Chinese Yuan, and even the miserable currencies of Venezuela and Argentina. As long as they can be used to purchase dollars,...
It is remarkable how billions of human beings are using fiat currencies in the world today without any understanding at all of what they are doing. Curiosity and intellect are indeed very limited in supply amongst humans.Humanity is...
When the world’s present troubles surfaced about five years’ ago, I recall reading articles whose central theme was: “there is excessive debt in the world. The amount of debt in the world exceeds the capacity of the world’s economies to...
 The Mexican peso coin that circulated from 1920 through 1945 is known as the "Peso 0.720" because its 12 grams of silver content represents 72% of its gross weight. Today, the coin known as the "Libertad Ounce" contains one ounce or...
We have been proposing the monetization of a silver coin in Mexico since 2001. According to our proposal a one-ounce coin of pure silver, with no engraved value, would be given a monetary value by the Mexican Central Bank. This coin would...
Banco Azteca, which has about 1,000 branches throughout Mexico, is about to launch a new service for those who like to save silver. It is the first bank in Mexico to offer this service; other banks are expected to follow suit, sooner or...
With regard to silver coinage, Mexico has followed the model established by the Roman Empire 2,000 years ago.The Roman emperors did not have enough cash to pay for the expenses of the Empire. They had to pay the bureaucracy, they had to...
The Fourth Coinage Act of 1873 embraced the gold standard and demonetized silver, known as the “Crime of 73”