Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
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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.
Wall Street Week Ahead: Investors hide in cash despite surging inflation
9.21.22 - Why Walmart's cancelations should have us all worried
Gold last traded at $1,677 an ounce. Silver at $19.75 an ounce.
Reuters--The inflation bell continues to toll. Wall Street is showing us it is not comfortable with the way things are going and not completely confident in the Fed regarding inflation. Investors are more comfortable sitting in cash, as inflation eats at the value, than they are taking the chance on what continued inflation will do to financial markets.
"A tough year in markets is leading some investors to seek refuge in cash, as they capitalize on higher interest rates and await chances to buy stocks and bonds at cheaper prices.
The Federal Reserve has roiled markets in 2022 as it implements huge rate hikes in an effort to moderate the steepest inflation in 40 years. But higher rates are also translating into better rates for money market funds, which had returned virtually nothing since the pandemic began in 2020."
