Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
Secure Private Ordering
We use the latest online security processing,
so your order is safe & private.
We DO NOT disclose any customer
information to ANY third party company.
Our customer privacy is our priority.
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.
Gold Is the Most Stable Currency in the Long-Term
Gold last traded at $1,927 an ounce. Silver at $26.57 an ounce.
NEWS SUMMARY: Precious metal prices traded mixed Friday on a firmer dollar after jobs data. U.S. stocks resumed their sharpest decline since last March, led by the ongoing tech sell-off.
X Empire/Yahoo Finance---"The truth is that gold retains its value, and the stability of gold's purchasing power in the long-term is the main reason to own it....On the classic gold standard, which lasted until 1914, gold was officially money and thus the unit of account. In such a monetary system gold's stability was self-regulated....After the gold standard, gold has become more volatile, but the legacy of its stability is still with us. Because gold is the only international currency that can't be debased, people around the world keep holding on to it as a store of value. This makes gold the most stable currency in the long-term. Since the 1930s, when the U.S. dollar has been slowly decoupled from gold, the dollar lost 99% of its value against gold. This is the fate of 'paper' currencies."
