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.
July Inflation Stayed High as Economy Rebounded
Gold last traded at $1,751 an ounce. Silver at $23.18 an ounce.
NEWS SUMMARY: Precious metal prices eased slightly Thursday on mixed economic data and a flat dollar. U.S. stocks drifted lower as investors weighed hot inflation readings but improved jobless claims data.
Streetwise Reports--"Irrespective of the rate of inflation or the absence of disinflation (which has driven valuations for stocks for decades), or the overvaluation of paper and undervaluation of hard, the media-centric stock hustlers always find a way to discourage investors away from the sanctity and safety of sound money and into the frivolous and fleeting sea of central bank intervention and interference.
You have often heard me use the term 'banco-politico cartel' to present the duality of conspiracy as one vile and scheming entity. There is a very fine line separating the agendas of banking and government, but it all revolves around money, power and control, and the most effective way of avoiding insurrection and revolt by the citizenry is to erect a 'Wall of Containment,' shuttering pro-fiat narratives off and away from the integrity and revelation provided by precious metals.
For the past two months, I have hammered home the idea of the month of August being the ideal time point for additions to the precious metals, both physical and the shares....With the Friday absurdity of a $45 downdraft in gold, brought on by unexpectedly positive numbers on employment, the traders at the New Yord Fed contributed to the Wall of Containment by taking out the 100-dma (daily moving average) at $1,803....
Let me be very clear on one point: August has been (at least for me) the singular best month of the year to acquire gold and the miners, and I see no reason the change that strategy."