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.
Notice: The impact of the coronavirus (COVID-19) may affect shipment time for all orders. Also, expect delays on preordered items from overseas.
James Cook Market Update Newsletter
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Get the latest analysis from leading silver expert Ted Butler, as well as hard-hitting commentary from other top analysts on precious metals, economics and big government.
INSIGHTS from TED BUTLER
The big silver story continues to be the surge in deposits of physical metal into the world’s silver ETFs. This past week, the amount added to the silver ETFs blew the doors off, as more than 28 million ounces were added. This is the annualized equivalent of nearly 1.5 billion ounces or nearly twice as much as total annual mine production and twice as much as total world silver inventories outside of the ETF and COMEX. Clearly, the pace of physical flows into the ETFs can’t possibly continue at this rate, since there doesn’t exist enough silver in the world to support it. How is it possible that so much physical silver can be deposited into the world’s ETFs without any great impact on price? READ MORE