RE:RE:RE:RE:RE:U.S. Mint announces 1 oz. Silver Eagles will cost $67 It is no revelation that we cannot purchase silver at the COMEX prices. The same way that you cannot purchase a new car at the cost of manufacturing. Would you have all the car dealerships go out of business because they are deprived of making a profit?!
The point of my post was that if one wants to discuss the "price" of silver we should be discussing the real price of silver that real people have to pay, not the fantasyland price of silver that the producers may or may not get depending on which smelter they sell to or how good their negotiating skills are. I am quite certain that both the producers and the smelters they sell to are aware (we definitely know Keith N is!!) of the games being played on the COMEX.
COMEX is only relevant to those who actually trade silver futures. Producers may get more or less depending on their circumstances or timing of sales and the actual, final price that the market has to pay for silver is greater than the COMEX price.
We all know the COMEX is a broken market, please don't treat the COMEX as the true, intrinsic value of any precious metal. Those behind the COMEX loathe silver and gold and they will never allow for fair and honest price discovery. One day, possibly soon, the physical market will overtake the paper market and at that point I guarantee you that the prices will be much, much higher.