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News Link • Mexico

Mexican Congress Debates the Monetization of the 'Libertad' Silver Ounce

• https://mishtalk.com, By Guillermo Barba

On September 13th I participated in the Forum for "The Promotion of Savings by Mexicans" organized by the group "Legislators in Favor of Savings by the People" who are members of the Chamber of Deputies (i.e. "Congressmen") in the Mexican Federal Congress; the group is led by Congressman Francisco Javier Pinto. The fact that this meeting took place at the seat of one the Legislative Houses of the Mexican Republic is extraordinary news, because there are few things so important for the development of the national economy and the economy of Mexican families, as savings.

According to the poll taken by the "National Poll Regarding Financial Participation in 2015", 32% of the population saves informally, that is to say, by "stuffing money under the mattress" and other invented measures, and only 15% saves in a formal manner, for example, by depositing money in a bank account, or by purchasing Government Treasury Certificates ("CETES") or by voluntary contributions to their official retirement account ("AFORES").

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