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.
- Fantasy Investing & Modern Money Madness
Gold last traded at $1,754 an ounce. Silver at $22.61 an ounce.
NEWS SUMMARY: Precious metal prices steadied Monday on rising commodity prices despite a firmer dollar. U.S. stocks churned to start the week as oil prices popped and energy stocks gained.
Yahoo Finance--"Inflation rates continue to rise to levels not seen for a decade or more. US CPI exceeded 5% for the third month in a row in August. In Canada, August's CPI showed a 4.1% jump from last year at the same time.
US core inflation, which excludes food and energy, apparently on the assumption that consumers don't need to eat or heat or cool their property or drive anywhere, is still running over 4%....
Gold is traditionally regarded as a safe haven when inflation is rising. But this time around, gold seems to be missing in action. Gold briefly top $2,000 per oz. last summer and it's now back below $1,800. Miners have done even worse, even though they have been recording substantial increases in profits.
Any well diversified portfolio should contain assets that are non or negatively correlated with other asset classes to both reduce volatility, and to improve overall returns if one major class is suffering. Gold has preserved its purchasing power over the last three millennia, unlike cryptocurrencies, which have barely a decade of history.
With gold down almost 10% and gold miners off over 25% in the last year, despite excellent results, now is a good time to either establish or increase a position in the sector."
With its world class portfolio of mines, the majority in politically stable jurisdictions such as the US, Canada, Mexico and the Dominican Republic and major new projects such as Goldrush, Pueblo Viejo, and Donlin in Alaska due to come on stream in the next few years, Barrick Gold (GOLD) is well positioned to grow its output."