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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.

Customer Reviews

Will Gold Reach Unthinkable Heights?

Friday, October 8, 2021

As Central Banks Taper, Take Cover

Gold last traded at $1,759 an ounce. Silver at $22.75 an ounce.

NEWS SUMMARY: Precious metal prices rose Friday as downbeat economic data weakened the dollar. U.S. stocks traded mostly lower on weak jobs data despite optimism about a short-term debt ceiling.

Gold Switzerland--"In these epic stock markets what purpose does it serve to hold gold? Firstly physical gold is the best asset to hold for wealth preservation purposes....

No other asset in history has acted as the perfect insurance for 5,000 years. Land is arguably also a good long term wealth preservation asset but it is not transportable, not easily divisible and not liquid.

Risk in financial markets is now greater than anytime in history as we approach the end of the Epic Everything Bubble....

My colleague Matt Piepenburg recently covered Why Gold Is Not Rising in an excellent article. In that he stated that gold will reach new highs of $4,000 before the end of the decade. I believe that he based that on the In Gold We Trust Report by our good friend and MAM advisor Ronni Stoeferle who has a $4,800 target by 2030.

Personally I believe that target is much too conservative. I am on record for more than 10 years saying that gold will reach $10,000 in today's money."

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