Hugo Salinas Price, president of the Mexican Civic Association for Silver, was interviewed on television in Mexico on Saturday about his proposal for Mexico's central bank to issue an undenominated silver coin whose price in pesos would be guaranteed by the bank not to fall.
Such a coin, Salinas Price explained, would provide a practical savings vehicle for ordinary Mexicans. It also would monetize a natural resource in which Mexico surpasses the world and thereby strengthen the nation's sovereignty.
Salinas Price said legislation for such a coin has been introduced in Mexico's Congress but the central bank will oppose it.
The interview is in English and is 17 minutes long and can be viewed at the association's internet site, Plata.com, here:
http://plata.com.mx/enUS/More/330?idioma=2
