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 44 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
JPMORGAN AND SILVER
Has one of America’s biggest banks become the largest private silver hoarder in history? We know from public records that JPMorgan (JPM) currently holds 139 million ounces of silver in its COMEX approved warehouse. That’s more silver than the Hunt brothers accumulated in 1980 and more than Warren Buffet acquired in his foray into silver in 1998. Since December, JPM has taken delivery on over 6,000 silver contracts on the COMEX. That’s more than 30 million ounces in 10 months. Numerous clues exist that JPM has accumulated far more silver than meets the eye. READ MORE
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INSIGHTS from TED BUTLER
A few follow-up comments about the still rather remarkable announcement by the Department of Justice concerning the guilty plea by the former JPMorgan trader for spoofing in precious metals:
Contained in the announcement was the statement that the guilty plea was accepted and sealed on Oct. 9, nearly a month before it was unsealed on Nov. 6. With a rather short sentencing date approaching on Dec. 19, and the time it took to unseal the plea, it may be assumed that the trader has already fully cooperated in the hopes of reducing his jail time, said to approach 30 years with no cooperation. READ MORE