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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

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 Jim Cook
January 9, 2011
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SILVER

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.