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
AMERICA WAS NOT TO BLAME
When liberal governor Cuomo claimed that America was never great, he was expressing the sentiments of many progressives. They believe that America is guilty of crimes against humanity. One of their favorite accusations is that we have blood on our hands for the death of millions of Native Americans. The left blames the U.S. for the extermination of the Indians. That’s a falsehood. Many millions of these aborigines died, but the U.S. had nothing to do with it. When Columbus set sail, the population of Indians was 35 to 40 million. Most of these were Aztecs, Mayans and Incas centered in Mexico, Central and South America. The Spaniards conquered them, brutalized them and enslaved them. They carried with them smallpox and other diseases that decimated their population. You can say the Europeans should have never come, but it was inevitable. Spaniards were also responsible for the extermination of Florida tribes like the Colusa. Florida was Spanish until 1819. READ MORE
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INSIGHTS from TED BUTLER
“Unprecedented” is the magic word this week when it comes to silver and it starts with the new Commitments of Traders (COT) report, which indicates for the first time in history that JPMorgan has eliminated its short position and is long silver in the futures market. Also unprecedented is that the traders classified as commercials are now more long than short for the first time in history. Since June 12, the commercials have been on an unprecedented and documented buying spree of nearly 82,000 net silver contracts, or the equivalent of 410 million ounces, as the price of silver plunged by $3 or 18%. JPMorgan has accounted for 42,000 contracts or 50% of the total commercial buying and is now long 2,000 contracts. READ MORE