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Jim Cook

 

WILL THE LAST ONE LEAVING
MINNESOTA TURN OUT THE LIGHTS

Here in Minnesota it’s May 3rd, and we are having another snow storm.  Since returning from Florida in early April we have had snow storms each week of 8, 10 and 11 inches.  It’s been so cold my wife has admonished me at least twice daily that we should have stayed in Florida longer.

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The Best of Jim Cook Archive

 
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Industrial Panic

By Theodore Butler

World inventory will continue to shrink until the price increases dramatically. It will be a big silver user, or group of users, who will panic and send the price soaring. Remember, Ford Motor Company and their disaster in stockpiling palladium. Ford panicked when palladium went into shortage, bought inventories which caused the price to soar, then lost big when the price collapsed. My point is that the silver users will panic when the silver shortage becomes apparent. As Ford said at the time, “What people were doing was protecting against a lack of material that would put us out of production.”

Only when the shortage scares them will they attempt to build silver inventories. Then they will do anything to keep their production lines rolling. The users drove palladium, at its peak, up to $1,100 oz. from $60 ten years earlier, or almost 20 times, to keep those production lines running. You do the math – what’s 20 times the price of silver? Big investors and big users can’t buy real silver in size, and the latter are sure to panic, because they collectively hold maybe a week’s worth of silver inventory. This isn’t rocket science. This is a way for the little guy to make a big profit. It’s simple. Buy real silver, put it away and forget about it until commentators won’t stop talking about it on the evening news. This coming silver event has been 60 years in the making. It’s going to be big news. Put silver to work for you and don’t miss out on this mind-boggling story.