INVESTMENT RARITIES INCORPORATED
was founded in 1974 by Jim Cook, and has since grown to be one of the nation’s leading silver and gold dealers. In the 48 years of service, IRI has logged 400,000 transactions for 60,000 customers equaling $3 billion sold and delivered.
From the desk of Jim Cook
Blameworthy
Frankly, I’m happy that Joe Biden is our president for the next two years. A lot of bad things are likely to happen with the economy and Biden and the Dems will get the blame. That should ensure Democrat losses in the 2024 elections. So far, the outbreak of inflation and the Federal Reserve’s attempts to quell it are quite remindful of what happened in 1980. However, that’s likely to change. Going forward, inflation will be more intractable, and a series of nasty credit events will turn the public against the administration. Higher unemployment levels and a moribund economy will convince voters that Joe and the Dems are clueless. It’s hardly fair to pin everything that goes wrong in the world on whoever is in office, but that’s what we do in this country. READ MORE
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INSIGHTS from TED BUTLER
In Demand
The retail and wholesale markets in silver and gold are hot. Particularly in silver, the retail market is, quite literally, on fire. The fact that premiums exist on virtually all forms of retail silver (along with delivery delays), something never seen this pronounced before, means that the creation of new 1,000-ounce bars is necessarily being restricted. As long as premiums this large persist, there exists a powerful profit arbitrage for anyone in the business to convert 1,000-ounce bars into retail silver forms. Putting this into a longer-term perspective, there’s never been a time like this before (except for very brief periods). READ MORE
