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Jim Cook



Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

Best of Howard Ruff
June 7, 2011
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I’ve written before about the many industrial uses of silver. About two thirds of the silver use
comes from industry. The rest comes from jewelry and recycling. Right now, investment represents a very small portion of the demand for silver.

Unlike gold, silver is an industrial commodityIts scientific properties make it useful in an evergrowing variety of applications, from computer chips to solar-power generators. Its supply and demand may cause industrial shortages.

70% of silver production comes as a byproduct of other types of mining, like copper, lead and zinc.The mining industry simply can’t keep up with the current demand for silver.

There is already a retail silver shortage, and a wholesale shortage is likely. When industrial users
face delays in silver shipments, they will panic and attempt to build inventories all at once. This
situation is unique to silver; it doesn’t apply to gold.

In the current financial crisis, there is an advantage to silver being an industrial commodity.
Most have forgotten about silver as a monetary metal.

In the face of the declining dollar and as the supply and demand for silver is better understood,
more people will discover that you can't go wrong with silver rounds or junk silver.

At that time, silver demand will grow as an investment. Demand for silver jewelry instead of gold is already happening as gold prices move higher. Industrial demand, no matter what happens with the dollar, will continue to use more silver than is being produced.

There will always be some kind of price manipulation from one source or another. But the
ability to do so will be far less when industry starts to feel the shortage. It could become a hoarding issue. With the silver eagle shortages and a general scarcity of physical investment silver, it may have already begun. The world can’t produce enough silver to keep up. So the shortage will slow down the ability to manipulate prices by keeping shorts significantly
under water.

On Wednesday morning, gold was almost $1,550 and silver was about $37. They have had a
recent downturn. I hope you took advantage of the opportunity to buy more while you had the chance.

Soon these silver prices will look like a bargain. Just be sure you have a few hundred ounces hidden away somewhere.