Home
Trusted Silver & Gold Investment Company
in the U.S. since 1973
INVESTMENT RARITIES INCORPORATED
Was founded in 1973 by Jim Cook, and has since grown to be one of the nation’s leading silver and gold dealers. In the 50+ years of service, IRI has logged 400,000 transactions for 250,000 customers equaling $3 billion sold and delivered.
Get the James Cook Market Update Newsletter in the mail
Edited by best-selling author James Cook
SIGN UP FOR FREE Get the latest analysis and hard-hitting commentary from top analysts on precious metals, economics and big government.
FROM THE DESK OF JIM COOK
INTERVIEW WITH MY FRIEND DAVE
My friend Dave has been an ardent gold lover for over 40 years. He stays abreast of any and all information about precious metals, and I consider him to be an expert. He owns a large amount of gold, most of which he purchased under $300 an ounce. We caught up with him at his residence.
Cook: You own a lot of gold and silver, and you’ve seen it go up a long way. Would you tell people to keep buying or should they sell?
Dave: If the choice is between fiat currency, i.e. the U.S. dollar, or precious metals, this is the time to turn dollars into gold and silver. Over 90% of my net worth is now in gold and silver.
INSIGHTS from TED BUTLER
Great Silver Price Volatility Ahead
This is the last thing Ted Butler wrote for us. He was trying to summarize what he saw happening in silver. His illness was making it difficult to write, but he did a good job of conveying his final thoughts.
Price volatility in silver has been heavy recently, but two conditions point to much greater price volatility ahead. Currently, bearish futures-market positions on the COMEX feature an unprecedented short position by a single managed-money trader of some 13,000 contracts (65 million ounces). This is combined with a heavy commercial short position. The short position by a big managed-money trader is particularly concerning since it is larger than what the largest silver mines produce in a year and is clearly not a hedged position, but purely speculative, appearing to violate speculative position limits. While bearish on its face, should this big short get caught in a squeeze, all heck could develop on the upside.
