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

I have had an interesting life, in the course of my retirement from business; my retirement happened somewhat by chance, in the year 1988; one Friday evening I presided a meeting of a group directors of Elektra, a Mexican company the...
What is a "crypto-currency"? What are Bitcoins and all the rest of the crypto-currency pack?

They are digits on computers, and nothing more. What is "a digit on a computer"? The definition would seem to run along the lines of "an...
There is a lot of commentary going around the world, regarding Trump’s initiation of a “Trade War” to rebuild America’s industries. Trump thinks that tariffs will do the trick, and stop the rest of the world from taking unfair advantage of...
The invention of the “Bitcoin” has captured the imagination of the world. This has happened because the world today enjoys a system of instantaneous world-wide communication, accessible to almost anyone.

Never before has there been a...
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...

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