Physical Silver Demand Explodes in Mexico-More Silver Sold in Past 2 Weeks Than Entire Q1 !

• Physical Silver Demand Explodes in Mexico-More Silver Sold in Past 2 Weeks Than Entire Q1! 
  by http://silverdoctors.com/ 
  I’m bringing this story as an exclusive to readers here : after the latest attacks on the gold and silver markets, physical demand for the famous one ounce silver “Libertad”  has soared in Mexico. In January, February and March, the total Libertad sales by the Bank of Mexico was 46,714, 82,634 and 44,063 ounces, respectively. As of Wednesday April 23, Banxico had already sold more than 174,000 ounces this month!
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  In other words, more silver was sold by the Bank of Mexico in just the first 23 days of April than were sold in the entire first three months of the year combined!
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  Submitted by Guillermo Barba via Google Translate:
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  Domestic savers are awakening from a long sleep well, prompting in 2012, it had unafuerte fall in demand for these coins,as we reported in January. After this “break” last year, Mexican investors are returning not to liquidate ounces, but to buy all they can.
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  And according to data provided by the Bank of Mexico (Banxico) to this reporter, through official OFI006-8614 , on Wednesday April 23, they had already sold more than 174,000 ounces this month.
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  In other words, more silver was sold in just the first 23 days in April than were sold in the entire first three months of the year combined, and most likely the majority of sales occurred during the last two weeks! In January, February and March, the total of these coins put into circulation was 46,714, 82,634 and 44,063, respectively.
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  Why sell like hotcakes? Well, input silver Libertad coins are prices not seen since 2010, about 350 pesos each to date. A 40 percent cheaper than just two years ago in late April 2011, when they played their record over 610 pesos. Most of the banks offer their customers, but I suggest you compare prices before buying.
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  The most important thing is to understand that the main reason that this demand has been fired, is that gold and silver are the ultimate safe havens, real money,which has been offering half of the economic crisis that is far from over in the world. It’s as if someone had put a lifeguard present sinking ship.
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  It is gratifying that Mexico is not the exception to the rule, as in other parts of the planet is also experiencing this fever for physical precious metals. In the U.S., the Mint (U.S. Mint) had to cancel this week selling their coins tenth ounce of gold, then sold their stock. To date sales accumulated 203 000 500 ounces of gold, rather than the previous two months together and that total January.
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  In a previous post, figured out how the World Gold Council (WGC, for its acronym in English), described as a “massive wave” the appetite of investors for monetary precious metals. Also how in China and India, the main consumers internationally, there are reports of high premiums, that is, cost overruns, that people are willing to pay just to get coins or bullion, on the other hand, are scarce in Dubai .
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  read more!

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