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.

James Cook Market Update Newsletter

Edited by best-selling author James Cook

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FROM THE DESK OF JIM COOK

BIG SILVER BUYER

We have a customer who has bought many millions of dollars of silver from us. In my estimation, Tom is a knowledgeable and shrewd investor. At one time he was a successful stock trader on Wall Street. I talk with him frequently to get his opinion on silver matters. He told me, “If you missed Bitcoin and cryptocurrencies, you have another chance at an astronomical gain with silver.” “This stuff could easily be $200 an ounce.” He thinks a blastoff is imminent. “Once it gets out of the gate, it’s going to explode. It will be an incredible momentum trade.”

INSIGHTS from TED BUTLER

Selective Law Enforcement

JPMorgan took over Bear Stearns in 2008, inheriting Bear’s massive short position in COMEX silver (and gold). There was a formal investigation by the CFTC’s Enforcement Division that began as a result of my request to readers to write to the CFTC about the massive short position held by JPMorgan. 5 years later, the investigation concluded with no definitive findings. But thanks to the deathbed revelations of late commissioner Bart Chilton, we learned that the Justice Department was heavily involved in many meetings convened over what to do about JPMorgan’s recalcitrance in reducing its manipulative COMEX silver short position of some 40,000 contracts (200 million ounces). In essence, both the CFTC and the DOJ looked the other way and let JPM skate on its clearly manipulative silver short position. Strike one against the DOJ (the CFTC has so many strikes against it for its handling of JPMorgan over the decades, that it’s pointless to count).

Consultant to Investment Rarities Inc.

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