Hugo Salinas Price: Founder, Director & Honorary President of of Grupo Elektra SA de CV -
Multi-Billionaire Hugo Salinas Price is famed not only for his legendary business acumen but also his drive for honest money in Mexico and globally. Hugo and his organization, the Mexican Civic Association Pro Silver, A.C. have pushed the Mexican government for over a decade to provide silver as money but the corrupt Mexican government and Mexican central bank has refused, causing tremendous hardship for the citizens of Mexico due to inflation.
Wednesday, May 18, 2011
Hugo Salinas Price
Biography for Hugo Salinas Price:
Hugo Salinas Price - Founder, Director & Honorary President of of Grupo Elektra SA de CV
Hugo Salinas-Price, born in 1934, is a successful, retired businessman who lives in Mexico. Salinas-Price has been a follower of the Austrian School of Economics since his youth. Salinas-Price has written three books in Spanish on how and why silver should be instituted as money in Mexico, in parallel with paper money, and numerous related articles in English and Spanish.
Salinas-Price's organization, the Mexican Civic Association Pro Silver, is actively lobbying the Mexican Congress to approve legislation, which will institute the pure silver "Libertad" ounce as money.
Hugo Salinas-Price has focused on reintroducing silver into the Mexican economy with great energy over the past fifteen years. Salinas-Price's aim is to achieve the monetization of a silver ounce coin currently minted by the Mexican Central Bank. This coin has no engraved monetary value and is called the "Libertad" coin; it can very easily be turned into a monetary coin, that is to say, a coin with a monetary value.
As such, anyone owning such a coin could, if he or she wished, be able to pay any bill or debt denominated in Mexican pesos. The monetary value of this coin would be slightly higher than its bullion value; the monetary value would not fluctuate according to the price of the silver ounce, but its monetary value would be raised if the bullion price of silver rose and closed in on the monetary value.
The Central Bank would give the coin its monetary value, according to a formula in the proposed legislation. If the price of silver fell to $1 dollar an ounce, the monetary value of the coin would remain where it was last pegged. (But Salinas Price says it would still be better money than any paper or digital money in the world!)
On the other hand, if silver should go to $50 dollars an ounce, this coin would remain in circulation, useable as money, because then its monetary value would be about $57 dollars, and stay there until a further rise in the value of bullion silver. The monetized silver ounce would be an excellent refuge for savings and would attract them irresistibly.
Hugo Salinas-Price is the founder of Mexico's Elektra retail chain. The current head of Elektra is his son Ricardo Salinas Pliego. Elektra began as a workshop assembling electronic appliances for the Salinas Y Rochas chain, a small regional retailer of appliances. Elektra then set up a direct sales operation offering appliances on installments.
Hugo Salinas-Price currently is retired from retailing and focuses on being a proponent of a sound financial policy for Mexico. Salinas-Price is also President, Mexican Civic Association Pro Silver, A.C.
GRUPO ELEKTRA SA
(ELEKTRA*:Mexico)
EXECUTIVE PROFILE*
Hugo Salinas Price
Honorary President and Director, Grupo Elektra SA de CV
Age - 78
BACKGROUND*
Hugo Salinas Price has been a Director and Honorary President of Grupo Elektra S.A. de C.V. since 1993. From 1952 to 1987, Mr. Salinas Price served as a Director of Grupo Elektra S.A. de C.V. In 1997, he founded the Asociacion Civica Mexicana Pro-Plata A.C., for which he currently serves as President. Mr. Salinas Price holds degrees from Wharton and ITESM and a degree in Law from the Universidad Nacional Autonoma de Mexico ('UNAM').
CORPORATE HEADQUARTERS*
Insurgentes Sur No 3579
Mexico, Districto Federal Mexico 14000
Mexico
Phone: 52 55 1720 7000
Fax: 52 55 1720 7822
BOARD MEMBERS MEMBERSHIPS*
1993-Present
Honorary President and Director
EDUCATION*
Bachelor's Degree
University of Pennsylvania - The Wharton School
Bachelor's Degree
Instituto Tecnologico Y De Estudios Superiores De Monterrey
Other Education
Universidad Autonoma de Mexico
OTHER AFFILIATIONS*
University of Pennsylvania - The Wharton School
Instituto Tecnologico Y De Estudios Superiores De Monterrey
Universidad Autonoma de Mexico
Hugo Salinas Price
From Wikipedia, the free encyclopedia
This article is a stub.
Hugo Salinas Price is the founder of Mexico's Elektra retail chain. The current head of Elektra is his son Ricardo Salinas Pliego. Elektra began as a workshop assembling electronic appliances for the Salinas Y Rochas chain a small regional retailer of appliances. Elektra then set up a direct sales operation offering appliances on installments. Hugo Salinas Price currently is retired from retailing and focuses on being a proponent of a sound financial policy for Mexico. Salianas Price is President, Mexican Civic Association Pro Silver, A.C.
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External links
http://www.plata.com.mx/plata/
Grupo Salinas
From Wikipedia, the free encyclopedia
Grupo Salinas logo
Grupo Salinas is a Group formed by several companies focused on many different sectors. Grupo Salinas started as a retail store, but since Ricardo Salinas Pliego, its current President took over the company, Grupo Salinas began to diversify.
Grupo Salinas now owns businesses that participate in the television industry, the telecommunications sector, the banking and financial market; amongst others. TV Azteca, Azteca America, Grupo Elektra, Banco Azteca, Afore Azteca, Seguros Azteca, Iusacell, Azteca Internet, GS Motors, Italika y la Asociación del Empresario Azteca.
Each of the Grupo Salinas companies operates independently, with its own management and board of directors.
Grupo Salinas
In 2001, Grupo Salinas is created as Unefón becomes profitable. Two years later Grupo Salinas enters the financial services industry, offering Afores (retirement account programs) and insurance through Seguros Azteca. By the end of the year Azteca América reaches 69% of the Hispanic audience of the United States.
By 2004, TV Azteca and Elektra are traded on LATIBEX, the Spanish stock market.
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Grupo Salinas
Joaquín Arrangoiz · Francisco Borrego · Tristán Canales · Luis J. Echarte · Diego Foyo · Gustavo Guzmán · Alfredo Honsberg · Gustavo Lacroix · Martín Luna · Armando Melgar · Jorge Mendoza · Esteban Moctezuma · Ernesto Nava · Luis Niño de Rivera · Pedro Padilla · Tim Parsa · Ricardo Salinas Pliego · Carlos Septién · Mario San Román · Javier Sarro · Adrian Steckel · José Ignacio Suárez · Gustavo Vega
Assets
Afore Azteca · Azteca América · Banco Azteca · Grupo Elektra · Iusacell · KAZA-TV (25%) · Movil@ccess · Seguros Azteca · todito.com · Telecosmo · TV Azteca · Unefón · Fundación Azteca
Annual Revenue
57.4 billion USD FY (2008) Employees: 68,000 Website: www.gruposalinas.com
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External links
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