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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 28, 2016

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$360 SILVER

By SRSrocco

(condensed)

In 1980, gold represented 5% of total global financial assets, while silver comprised a quarter of one percent.  However, over the next three and a half decades, these percentages declined significantly. Gold is now 9 times less of a percentage of global financial assets than it was in 1980, while silver is 20 times less. If investors decided to increase their gold and silver investments to equal the percentage in 1980, we would have the following: Gold = $1,300 X 9 = $12,000, Silver = $18 X 20 = $360.

Many precious metals analysts believe we are going to see a gold price north of $10,000.  However, $10,000 gold seems to be a base price when faith in the U.S. dollar goes down. So, the $12,000 gold price figure is not all that crazy.  Furthermore, a $360 silver price when gold is $12,000 is a 33/1 gold-silver ratio.  We already experienced a gold-silver ratio of 31/1 in April 2011.  Gold was trading at $1,500 when silver was trading at $48.  Which means a 33/1 gold-silver ratio at $12,000 gold and $360 silver is really not that insane after all. The future values of gold and silver could be even more than $12,000 or $360.  Why?  Because the popping of massive financial bubbles could actually push gold and silver investment percentages even higher than they were in 1980.