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.
Equity yields support gold as investors position for historical September strength
Gold Investors Position for September Strength
Gold last traded at $1,729 an ounce. Silver at $23.43 an ounce.
NEWS SUMMARY: Precious metal prices traded lower Monday amid concerns the Fed may begin tapering plans sooner than expected. U.S. stocks traded lower as the Covid resurgence may affect global growth.
World Gold Council--"Gold clawed back some of its strong June losses, rallying 4% in July, taking it back near its 2021 average of US$1,800/oz....
Lower rates and the US Federal Reserve (Fed) comments helped propel gold higher on the month and back to nearly flat on the year.
August could be the opportune time to position for the historically strong September gold performance.
The opportunity cost of investing in gold continues to improve as the real earnings yield plus the dividend yield of the S&P 500 has reached negative territory for only the second time in 75 years.
Recent commentary out of the Fed and ECB suggests the US and possibly other countries may place less emphasis on inflation and more on employment which could prolong tapering activity."
