In Jim Cook's Archive

OUR ADVICE

Put 20% of your net worth into silver. It will protect you from a financial holocaust and according to Ted Butler, the world’s foremost silver analyst, it will make you a lot of money. Keep a substantial quantity of silver coins or bars in a home safe that could be used in the worst kind of financial crisis. The world’s central banks appear to be committed to propping up all markets. That’s a commitment that may be impossible to keep without destroying money.

Store large, heavy amounts of silver at Brinks in the form of 1,000 ounce bars. In this way you get the serial number on the bars you own. A lot of silver that’s supposedly stored around the world isn’t really there. Remember Morgan Stanley’s defense in a lawsuit where they admitted they were charging storage fees on silver that didn’t exist. “Everybody does it,” they said. Someday the piper must be paid on all this phantom silver and a lot of people are going to get burned. Do not have your silver stored overseas or by a coin dealer. Always get the actual silver in your name, with serial numbers on the big bars.

Avoid exchange traded funds that short silver contrary to their prospectus. Don’t put your money into pool accounts, where silver isn’t there. Be careful who you deal with. A California dealer just got indicted for fraud. There’s no short cuts to silver riches. Stay patient and persistent.

If it is true that 2014 and 2015 Silver Eagles will be melted in quantity, then the mintage numbers could be dramatically reduced. That could make them somewhat scarce. I just bought 500 for myself and I recommend that you do the same. Ted Butler would tell you that you can’t go wrong owning one-ounce pure Silver Eagles from the U.S. Mint. Call us now at 1-800-328-1860 and buy silver.

Start typing and press Enter to search