In Jim Cook's Archive


I worry about demand for silver increasing so much that we can’t get silver to sell.  In 2008 we had some days when we couldn’t get popular silver products.  We are big enough to get priority over most other dealers.  Furthermore, we have sold so much silver that we have a consistent backflow from people who are selling to take profits.  However, all these supplies could be overwhelmed by demand.  The only consolation is that we would likely be the last company to run out of silver.

My personal opinion is that someday all hell is going to break loose in silver.  Pool accounts could fail, phony storage accounts, of which there many, could suffer huge losses.  Dealer failures can mount.  People who don’t get silver in their physical possession could miss the boat.  The silver market has been controlled and suppressed pretty much from 1980 on.  A lot of careless practices and bad habits crop up in a market that so many people take for granted.  I suspect there will be a purging when a truly free market inevitably becomes established.

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