Letter Re: COMEX Precious Metals Market Dips
James, Many reader may be stunned by the drop in COMEX silver prices. However, holders of physical silver need not despair. The price to obtain actual coins has hardly been affected at all. Both Kitco and eBay testify to this: On Kitco, single silver eagles are now $29.10, or $4.15 over the Friday silver Comex close of $25.95 and a monster box of 500 eagles at $14,300 is still $28.60 each. Kitco at present is not even listing “junk silver bags”, they’re just not available through them (sometimes this happens), but others are selling the $1,000 face value bags of …