Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
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Over 30 Years Experience
Park Avenue has over 30 years
experience buying and selling
Rare Coin and Precious Metals.
We have the knowledge and
ability to provide our customers
with the best products and services.
Americans Out of Money by Jan 1?
11.15.23 - Americans Out of Money by Jan 1?
Gold last traded at $1,959 an ounce. Silver at $22.45 an ounce.
Gold Prices To Rise $700 Per Ounce As U.S. Debt Spirals - Watcher.guru
The good news? Gold prices are projected to rise significantly. The bad news? So is the US debt. Gold's favorable outlook will continue to shine as the changing global landscape affects our markets and the US dollar.
Gold is rallying in the commodity markets in November this month as the U.S. debt spirals out of control. The price of gold spiked 6.1% on Wednesday against the U.S. dollar in the largest jump recorded in a day this month. The development coincides with the U.S. debt reaching an all-time high of $33.6 trillion, which in turn is boosting gold prices.
As gold is looking to kick-start a rally, its price is forecasted to shoot up next year in 2024. Jess Felder, the creator of the Felder Report, said the turbulence in the U.S. economy could boost gold prices. Gold is seen as a safe haven and a hedge against inflation amid times of economic instability.
