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.
Gold prices going to "pop" to $2,700, easily
NEWS SUMMARY: Precious metal prices slipped Wednesday on profit-taking and downbeat jobs data. U.S. stocks traded flat after ADP reported private payrolls were cut by 20.2 million last month.
KITCO--- "Despite a weakened economy, stocks continue to rise on the back of monetary stimulus, which is bound to push gold prices even higher, this, according to Frank Holmes, CEO of U.S. Global Investors. Stocks are going up 'because of the trillions and trillions of dollars of money printing from the helicopters of central bankers. The G20 central bankers, the G20 finance ministers, that's a cartel, like OPEC,' Holmes told Kitco News. Fundamentally, gold's supply deficit should also provide tailwinds, Holmes said. 'Last year, as I've mentioned, everyone was surprised that palladium could go from $1,000 to $2,700, and I said short-term, why can't gold do that?' he said. 'We're going to see gold pop. $2,700 is easy for me to see that.' Holmes added that the gold miners should also perform exceptionally well during periods of upward bullion price movements."
