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

To: John Mansfield who wrote (1117)	5/10/1998 10:43:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 8010

I was surprised this morning to notice in the classified ads of our local paper an offer of 100-ounce silver bars. Since I have no way of judging the purity or authenticity I don't think I would be buying any, even if I thought they were a good investment. I suppose I could at least weigh them carefully and check the specific gravity to make sure they were mostly silver. Are there any generally acceptable standards for quality of 100-ounce silver bars? Are most of them stamped by recognized producers, such as Englehard? I think that by far the most convenient way to hold an approximate 50-50 silver-gold mix is to but the closed-end mutual fund, Central Fund of Canda, CEF, traded (often at a disount) on the Amex. These can be held in IRAs. Adjusted for inflation, silver is trading at an extremely low price--in real terms, about what it was worth when genuine silver dollars still circulated, especially in Nevada.