In Jim Cook's Archive


In October of 2001 silver took what was then a gut-wrenching drop for $4.65 to $4.05. Mr. Butler had this to say. “The fundamentals are stronger than ever.” “… every dollar you put into silver will reward you many times.”

In October of 2003 came a dramatic “plunge in prices” from $5.25 to $4.75. Of this price smash Mr. Butler said, “an opportunity for the investment ride of a lifetime.”

In April 2004 came a drop from $8.25 to $5.50. Mr. Butler referred to it as “bone jarring and shocking in magnitude.” A few days later he called it “the best buy point in history.”

Again in 2004 the price crashed that December from $8.00 to $6.75. Undaunted, Mr. Butler called it “the mother of all buying opportunities.” One year later, in December of 2005, silver fell again from $9.25 to $8.25. Mr. Butler called it, “more attractive than ever.”

After a stunning decline from $14.50 to $10.00 in April 2006 Mr. Butler gave this advice. “This is the time to load the boat.” In September of 2006 silver fell from $13 to $11. Butler had this to say.”… sell offs only allow you to enter at more advantageous prices.” He continued, “… it is allowing you to buy silver at way below what the price should be.”

In March 2007, when the price fell from $14.75 to $12.50, he called silver “the single best asset you can own.” All price declines since 2000 bounced back and recovered to new highs. Of the current steep decline, Mr. Butler says, “Everything I said in the past applies double today.”


By James R. Cook

It was November of 2000 when Ted Butler and I arranged to have him write for our newsletter. Selling silver was like pulling teeth back then. A number of newsletters disparaged silver. Eventually the price began to rise and it suddenly became easier to find silver buyers. Those early clients made 300% and almost all are still holding for the big runnup that Ted Butler has predicted.

Now the trickle has turned into a flood. We have thousands of new customers. All of us at Investment Rarities are working as hard as we ever have to sell silver, find silver to sell, and to get it out the door. This trend isn’t abating; it’s continuing to grow. I think that eventually the price must reflect this surge in demand.

We stress that you follow our advice so that you maximize the future profit potential of silver. Remember that 90% of the coin dealers fail every decade so you must be exceedingly careful who you deal with. This month’s violent market fluctuations are sure to take down a few dealers who were playing the futures market. Unfortunately, the customer’s money is also lost.

California is going after dealers for huge sales tax liabilities they didn’t collect. This is the Achilles heel of many local dealers. One of the biggest precious metals dealers in America is being sued by the IRS for $378 million. Two of the top five dealers in America have previously filed bankruptcy. Many companies sell silver in pool accounts, but the silver isn’t there. Oh, what wailing and gnashing of teeth awaits those companies and their customers.

Many precious metals dealers eventually face a tax audit that will dig up enough unreported income to put them out of business. A lot of companies who have salesmen treat them as independent contractors when they are really employees. The IRS will eventually grab their assets. The IRS takes everything, including customers money and customers goods.

A few dealers are still foolish enough to deal in cash amounts over the $10,000 reporting limit. It’s going to be hard for their customers to get silver out of their jail cell. These are just a few of the bad business practices that will doom the majority of dealers.

We have been in business thirty-five years. We’ve had our share of problems, including some nasty battles with the IRS. (They won.) However, we just completed a tax audit a few months ago with flying colors. We follow the rules. We’re in the best financial condition in our history and we have now delivered almost $3 billion of coins and bars without a hitch.

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