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Guillermo Barba: Silver coin demand rises sharply in Mexico
12:03a ET Monday, April 29, 2013
Dear Friend of GATA and Gold:
Mexican financial journalist Guillermo Barba reports tonight that demand for his country's silver Libertad coins has exploded, according to information provided to him by the Bank of Mexico.
For April through the 23rd of the month, Barba writes, the central bank had sold 174,055 Libertad coins, more than were sold in the first three months of this year altogether -- 169,928 coins total in those three months, 46,693 in January, 80,929 in February, and 42,306 in March.
Last year, Barba adds, demand for the silver Libertad was down by 60 percent.
Barba's report is posted in Spanish at his Internet site, Global Financial Intelligence, here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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GoldMoney Reduces Storage and Exchange Fees
From April 1 GoldMoney will be reducing by a third its storage fees on gold stored at all VIA MAT vaults to just 0.12 percent per year and halving the cost of storing silver with VIA MAT Switzerland to bring it in line with GoldMoney's silver storage fees at other vault locations: 0.49 percent per year as the standard fee and 0.39 percent per year for more than 50,000 ounces of silver. In addition, GoldMoney's minimum storage fee will be reduced to only 0.001 grams per month for gold, platinum, and palladium, and 0.001 ounces per month for silver. In April GoldMoney also will be simplifying and reducing its metal-to-metal exchange fees. For the full details of these significant fee reductions, please visit: