The Mexican central bank, which employs a few individuals who are somewhat familiar with carlos Slim since he is tje wealthiest man in mexico and the world according to forbes, has recently bought $100b in gold, mimicking BRICS in advance of a probable shift to a mixed basket of currency by 2018 or sooner.
The precious metals are climbing in value while the dollar sinks. Central banks and investors are selling their dollars and buying other currencies and or gold, and silver to secure thier wealth for fear of an American economic collapse
Pressure Builds: CME To Hike Silver Rates 4th Time; Carlos Slim Selling
Separately, billionaire Carlos Slim has been selling silver futures to hedge the production of his silver mine, CNBC is reporting this afternoon.
The report comes after today’s WSJ story detailing how several big hedge fund managers such as George Soros have been moving out of silver and gold.
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