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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: Alan Whirlwind who wrote (1080)	5/6/1998 6:45:00 PM
From: Ray Hughes	Read Replies (2) \| Respond to of 8010

Alan, Your Jean Val-Jean image brought a smile in an otherwise really down day. Thanks. I'm alluding to the antique coin and sterling silver, not plate. The important point, on which we do agree I think, is that there is no accurate tally of the availability of old scrap at a specified price. Interestingly, as I have discussed silver with investors at Investor Conferences, many younger people say they are beginning to "collect things of value for the home to show the fine station we have arrived at." These are maturing boomers who, when I was a pre-boomer and collecting antiques, wouldn't touch anything except easy-to-maintain plastic or stainless houseware. The new collectors will help absorb fine old silver. When I asked Handy & Harmon's marketing director why H&H wasn't expanding their refinery to a greater degree, he said there simply wasn't that much old scrap coming on the market for them to refine. RH