Silver's Role In Mexico's History and Future

Above, a 1953 Hildago five peso silver coin. Photo by Armand Vaquer.

Did you know that Mexico is the world's main exporter of silver? Yes, it's true. Mexico produced over 135 million ounces of refined silver in 2022.

Mexico News Daily posted an article on silver's role in Mexico's history and may well play a big role in its future.

It begins with:

For all the hype about “Aztec gold” in Disney’s Pirates of the Caribbean, Mexico’s classic measure of wealth has been silver — and it may be its future. 

Prized equally on both sides of the Atlantic, Tenochtitlán overlords demanded the metal as tribute from places like Taxco, Guerrero, long before the Spanish arrived.

When conquistador Hernán Cortés entered the capital, Moctezuma hoped to placate him with gifts, including large quantities of gold and silver. However, the strategy backfired, making the Spanish more determined to take over.

Although Mexico did (and does) have gold, its vast deposits of silver have been central to its history and economy since. 

To read more, go here.