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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

 

Condensed Articles

July 14, 2016

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WHY THE AVERAGE PERSON SHOULD OWN SOME GOLD AND SILVER

By Sol Palha

(condensed)

We live in a world where the main driving force behind this illusory economic recovery is hot money and data manipulation.  According to government stats, inflation is nonexistent. However, anyone with a grain of grey matter understands that this is not the real case.  Rents, education and medical costs are soaring. Even worse, salaries are dropping when inflation is factored in. In simple words, you are working more and more for less and less.  This is not the American dream; in fact, it sounds more like the American nightmare. 

Gold and silver bullion should be viewed as a form of insurance against a future financial disaster. Moreover, it goes without saying that we will experience another disaster sooner or later. Think of this as insurance against another financial crisis that has the potential to be larger than the 2008 financial crisis.  You purchase insurance not because you know something bad is going to happen, but if something bad happens you know you are covered. Investors that have money that is idling, can use strong pullbacks to add to their existing positions.  We tend to favor silver more than gold as the gains on a percentage basis will be far larger on silver than gold.