In Jim Cook's Archive


This week I sold $18,000 worth of stock in my wife’s account to buy silver.  I’ve been selling assets I don’t need or care about to buy more silver.  Although it’s presumptuous of me to give advice it’s easier to do when it’s about something I’m doing personally and really believe in.

My advice is to start selling things and buy silver.  Sell gold and buy silver.  Sell rare coins that aren’t really rare and buy silver.  Sell antiques and collectibles you don’t love and use the proceeds to buy silver.  I can’t give advice on stocks and bonds, but if I could I would yell at the top of my lungs sell stocks including mining stocks and buy physical silver.  I’d also say sell bonds that can’t keep up with inflation.  Find things to sell and buy silver.

As the old silver guru Jerome Smith would say, “Buy silver for safety, buy silver for protection and buy silver for profit.”  You can switch your IRA into silver.  You can sell old gold jewelry and diamonds and gems to buy silver.  You can reduce your savings and buy silver.  My advice is to liquidate everything you can and buy silver.   I’m buying more silver because I think we’re all on the Titanic and there aren’t enough lifeboats to go around.  I also believe Ted Butler who predicts much higher prices.  I could be wrong but that’s what I’m doing and I think you should do the same.

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