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

Ted Butler Commentary
October 14, 2013

tb archive


At the beginning of 2010, visible world holdings of silver bullion amounted to roughly 600 million ounces and grew to 850 million ounces at the end of 2012. The acquisition of this 250 million ounces (worth some $7 billion) by investors largely accounted for the move in silver prices from $17 at the start of 2010 to $30 at year end 2012. Whereas gold holdings fell dramatically this year, total silver holdings grew by an additional 25 million ounces to 875 million ounces, despite silver falling in price.

What accounts for the big gold liquidation this year and the lack of any liquidation in silver holdings? Why did investors liquidate roughly $35 billion in gold (25 million ounces) over the past nine months and not any silver; even though silver prices fell more? I think the correct answer is that investors believe they can make more money in silver.

The reason to invest in silver is to get rich. Because the current price is lower than production costs, silver should handily preserve purchasing power and maintain wealth in the long term. But that role is almost beside the point. Silver should be bought to achieve a financial windfall. Buying silver is like buying a lottery ticket that never expires and the odds of winning are in your favor. Buying silver at a price that’s cheaper than the cost of mining it has to be the bargain of the century.  It will ultimately earn you a fortune.

For subscription info please go to