Investment Rarities Incorporated
History |  Q & A  |  Endorsements  |  Portfolios  | Flatware | Gold Coins  |  Silver Coins  |  Contact |  Home


Jim Cook



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.

..Read More »

The Best of Jim Cook Archive


Condensed Articles

October 29, 2012

archive print

By James Turk, Author

I have been expecting this ‘big one’ for some time – and recommending that everyone patiently accumulate physical metal while waiting for it.  It will happen because the reality is that the market is bigger than any government or group or governments acting in concert to manipulate prices with their interventions.  Governments intervene because they don‘t like the message that the market is giving them.  They think they can create a new reality, but they can’t.  Eventually, their interventions just distort the market process and prevent true price discovery that actually reflects prevailing conditions.  So these interventions are always doomed to failure.  Just look at the dozens of currency collapses since WWII.  Each one is plain evidence that currencies backed by nothing but central planner promises are doomed.

When their collapse occurs, gold and silver do not pull back in a normal correction.  They just keep heading higher.  There are other signs that are pointing out that this may be the ‘big one’ besides the way gold and silver are trading.  Look at the dollar, which has been heading south for several weeks now.  Its chart looks terrible, and suggests the flight from paper is building.  The same conclusion can be reached by looking at U.S. Treasuries.  Even though the Fed has said it will keep long-term interest rates low, T-bond and T-note yields are creeping up.  It is another sign that money is fleeing paper, but here’s the important point…we cannot predict the future, but we all intuitively know a safe-haven when we see one, and that of course means gold and silver.  They are the ultimate safe haven because they do not have counterparty risk.