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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
March 31, 2015
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THINK AND GROW RICH

When you are a gold and silver dealer, everything you write is suspect. People think you are not objective. In fact, when I read what other coin dealers write I often think it’s self-serving.  I’m in the precious metals business because of the way I think, not the other way around. In other words, I’ve stuck it out for 42 years through some mighty lean times (1987 to 1992) because I believe these metals are mandatory for the perilous period ahead and it will be a great investment and a good business.

The destruction of the dollar through runaway inflation does not mean the end of America. It just means if you hold paper and intangible assets, you will be ruined. The most liquid, divisible, portable and important assets you can own in an inflation are silver and gold. You can do things with these precious metals that you can’t do with other assets. Once they are in your possession for a few years they become a hidden asset. Their demand rises during inflationary periods. Thus, they offset the ravages of a depreciating currency.

 I believe that gold and most especially silver will increase the wealth of those who hold it. If silver analyst Ted Butler is right, huge profits are coming in silver. So at the very least you will make a lot of money holding silver. Ted Butler is the world’s foremost authority on silver (nobody else comes close) and he assures us that great profits lie ahead. Already he has impacted the silver market in so many ways and as more people become familiar with his work, silver becomes even more promising.