Bullionstar - New Zealand
Buy Silver & Gold With Cryptocurrencies - Storage & Insurance In Safe Jurisdiction
Bullionstar - Singapore
Buy Silver & Gold With Cryptocurrencies - Storage & Insurance In Safe Jurisdiction
North America
Buy & Sell Gold & Silver With North America's Most Respected Dealer

Brazil and Argentina to plan for a common currency, less dollar use

By Michael Stott and Lucinda Elliott
Financial Times, London
Sunday, January 22, 2023

Brazil and Argentina will this week announce that they are starting preparatory work on a common currency, in a move that could eventually create the world's second-largest currency bloc.

South America's two biggest economies will discuss the plan at a summit in Buenos Aires this week and will invite other Latin American nations to join.

... Dispatch continues below ...

... ADVERTISEMENT ...

First Majestic Produces Silver and Gold in the United States and Mexico

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The company owns and operates the San Dimas silver and gold mine, the Jerritt Canyon gold mine, the Santa Elena silver and gold mine, and the La Encantada silver mine.

In 2022 these mines are projected to produce between 32.6 and 34.6 million ounces of silver equivalent with an all-in sustaining cost of $17.68 to $18.42 per payable silver-equivalent ounce.

For more information about the company, visit:

https://www.firstmajestic.com/

The company offers a portion of its silver production for sale to the public. Bars, ingots, coins, and medallions are available for purchase online at First Majestic's bullion store at some of the lowest premiums available:

https://store.firstmajestic.com/

The initial focus will be on how a new currency, which Brazil suggests calling the "sur" (south), could boost regional trade and reduce reliance on the U.S. dollar, officials told the Financial Times. 

It would at first run in parallel with the Brazilian real and Argentine peso.

“There will be ... a decision to start studying the parameters needed for a common currency, which includes everything from fiscal issues to the size of the economy and the role of central banks," Argentina’s economy minister Sergio Massa told the Financial Times.

"It would be a study of mechanisms for trade integration," he added. 

"I don’t want to create any false expectations. ... It's the first step on a long road Latin America must travel." ...

... For the remainder of the report:

https://www.ft.com/content/5347d263-7f24-4966-8da4-79485d1287b4

* * *

Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

http://www.gata.org/files/GATA-4-wine-bottles.jpg

Buyers can compose their case by choosing as many as four varietals from the list here:

http://www.gata.org/files/FayJWineryVarietals.jpg

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

BIG PROBLEMS WITH COPPER PRODUCTION: King Industr...
Michael Oliver – Central Banks Will Panic As All H...

By accepting you will be accessing a service provided by a third-party external to https://silvergoldadvisor.com/