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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
November 23, 2011
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MY ADVICE

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.