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
Lose the Least Make the Most
If I had written in 2019 that the entire world would soon be gripped by a dangerous epidemic, Russia would start a war by invading its neighbor and inflation would explode, you would suspect I’d gone off my rocker. My point is that nobody knows exactly what’s in the future. There are sure to be more nasty surprises ahead. We might be able to tell a few things about our future by looking at a prior period of rising inflation and the attempts to quell it. In the late 1970s inflation marched steadily higher and in 1980, the monetary authority broke its back. Interest rates were in the 20% range. Money supply growth was choked off. Asset prices collapsed. READ MORE
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INSIGHTS from TED BUTLER
A Price Bottom for the Ages?
I believe we are in the process of forming a silver price bottom that will endure for years to come. Among my reasons is that silver is dirt cheap. Silver is often thought of as a hedge against inflation, which is now running at its hottest pace in 40 years. And it’s not as if investors, large and small are not buying silver – in fact, silver investment buying has rarely been stronger – right down to the formation a little more than a year ago, of a Reddit site promoting silver that has garnered close to 200,000 members. I’m not aware of any similar grassroots group existing in any other commodity. And, as the Silver Institute’s new annual review points out – industrial and investment demand for silver has rarely been stronger, with supply remains stagnant – the most compelling formula for higher prices according to the law of supply and demand. READ MORE