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.
Now is the perfect time to hold gold
BNP Panbias-kitco---Investors should look past gold's short-term volatility and pay attention to the broader uptrend as the precious metal continues to look attractive in a negative bond yield environment, according to one market analyst. In an interview with Kitco News, Monday, Harry Tchilinguirian, head of commodity research at BNP Paribas, said that because of low-interest rates now is the 'perfect time to hold some gold.' He explained that real yield on U.S. Treasuries is in negative territory, making gold's opportunity costs nonexistent....'Gold is going to continue to attract investor interest, driven by the monetary policy environment that continues to ease,' he said. 'Faced with no opportunity costs, gold looks good.' In the current low-rate environment, Tchilinguirian said that he sees gold prices pushing to between $1,700 and $1,725 an ounce....'Gold has been good hedge against falling equity prices. Now we see that investors are using that hedge to prop up their equity positions.'"
