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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

 
Commentary Of The Month
July 11, 2014
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DWINDLING SUPPLY AND UNPRECEDENTED DEMAND MAKE SILVER AN ATTRACTIVE INVESTMENT

By Christpher F. Davis Wall Street Cheat Sheet

Apple, with its millions of iPhones, has created massive industrial demand for silver. Phone sales are strong, so this demand will continue. Silver is used in very small portions, and it is not cost effective to recover the silver. In smartphones alone, more than $1 billion worth of silver is utilized annually. Include a few extra billion dollars for all of the computers, tablets, and televisions sold each year – it really adds up. This is just in technology alone. With a finite supply and ever increasing demand, silver stands to benefit tremendously. At $20 per ounce, silver is very attractively priced.

I like to frequently cite the research of Ted Butler, who really put the situation best. Each time I read his work, I want to add to my silver holdings. Butler said this 15 years ago: “At the end of World War II, total known stocks of silver amounted to ten billion ounces (with the US government holding 4 billion ounces of that total amount). At that time, we   were entering an era of global economic expansion that has lasted to the present. In this era, silver was consumed in a variety of vital modern applications at a phenomenal rate. Today, known stocks of silver have shrunk over 95%.”