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
Silver Suppression as a Price Control
It’s been a long dry spell for those of us who own silver. We can bemoan the fact that silver has tried our patience or we can look for something positive coming out of this lengthy period of depressed prices. Silver analyst Theodore Butler has proven conclusively that heavy short selling on the COMEX has depressed the price of silver. This has acted very much like a price control. A number of unfortunate consequences derive from controlling prices (remember the long lines for gasoline in the 1970’s?). READ MORE
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INSIGHTS from TED BUTLER
Great Frauds Require Darkness
No doubt you’re aware of the massive fraud recently uncovered at Theranos, the high tech medical startup purported to be able to run any number of diagnostic tests from a single drop of blood. Theranos was a Silicon Valley startup valued at $10 billion at its peak and headed by an attractive young woman modeled after the late Steve Jobs. Theranos’ diagnostic machines didn’t work as advertised and the whole fraud, said to be the largest since Enron, was uncovered by a sharp and determined reporter at the Wall Street Journal. The reporter, John Carreyrou, was instrumental in the fraud’s demise. READ MORE
