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
At the beginning of last week when all eyes were on SVB, I sent the following note to our broker staff: “Our clients should be concerned about the possibility of additional bank failures. The huge liability stemming from vacant office buildings still threatens the banking system. Can the Fed bail out every bank troubled by bad real estate loans? Probably not. Gold and silver are insurance against a systemic failure. It’s risky to be without them. Call your clients today and explain this to them.” READ MORE
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INSIGHTS from TED BUTLER
“Quickly” is a word uppermost in my mind, as I try to fully comprehend the sudden collapse of Silicon Valley Bank (SIVB). SIVB stock traded at $700 just over a year ago, before, essentially, going worthless. It was the speed of the decline that was so unnerving. Quickly will also come to describe the inevitable turn higher in silver. It will be so sudden and extreme so as to make whether you were already in or not the most critical factor and not how low the price may have gone before the liftoff. READ MORE