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.
The Great Supply-Chain Massacre
Gold last traded at $1,770 an ounce. Silver at $23.69 an ounce.
NEWS SUMMARY: Precious metal prices rose Tuesday on downbeat economic news and a weaker dollar. U.S. stocks rose as major companies continued to report strong third-quarter earnings.
Yahoo Finance---"Gold is a curious metal: it is remarkably heavy, yet soft, extremely inert, but with a luster that is beguiling to almost everyone; which is why it remains the material of choice for jewelry. It is an equally curious investment, and there is no more a divisive subject amongst investing professionals than gold.
Safeguarding our wealth from economic risks and market volatilities is essential. And for Singapore, a global trade hub maintaining the delicate balance of business and diplomacy with its more powerful economic partners more than demonstrates that investing in gold needs to be a serious consideration for every Singaporean's personal finance....
The price of gold mirrors the cost of producing it, which tends to reflect inflation. It has been a form of money since mankind lived in grass huts: it has a semi-rigid supply, which means Central Bankers can't debase it, and it is the highest power in money because it has no counterparty.
Additionally, gold cannot be conjured out of thin air like the US Dollar, the British Pound sterling, the Singapore Dollar, or any other fiat currency. Gold holds its value over time regardless of what goes on around it.
This is the paradox of gold. There may be no earthly reason to hold gold or for gold to be the one long-term constant in the millennia of innovation and fraud in finance! But it is. And that constant provides protection against all manners of risk and uncertainty. As such, investors ignore gold at their peril....
Singaporean investors are bombarded with all sorts of investment instruments and products, most of these are global portfolios which are generally volatile and highly exposed. Thus, having gold in their portfolios can serve to dampen out the volatility.
Not only is it liquid, but gold is also one of the rare asset classes that is non-correlated. This means that you can put it in your portfolio as insurance, and you can be comfortable that if the world around you blows up (or when your Bitcoin value tanks), your gold will provide you with safe-haven performance."