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
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Rare Coin and Precious Metals.
We have the knowledge and
ability to provide our customers
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4.24.24 - Wave Goodbye To Another Set Of Freedoms
Gold last traded at $2,319 an ounce. Silver at $27.23 an ounce.
What The Rising Gold Price Signals (Spoiler Alert: Nothing Good) -Zero Hedge
As I'm sure you realize by now, we believe the gold market is primed for what could potentially be explosive future gains, and that's after the increases we have already seen. What's of no less significance as the gains is the 'why' behind them ... it's not because of how great things look in the economy.
The recent run-up in the gold price has not garnered the attention among the mainstream financial media outlets as it should.
Gold has, in part, been overshadowed by the rise in the price of bitcoin and other cryptocurrencies.
Naturally, the financial press, which is really an arm of the government and its central bank, wants to ignore, as much as possible, references to gold as protection against the continuing increase in the price level which itself has been deliberately understated by monetary officials. The media and government understand that precious metals are the ultimate security against runaway inflation and economic collapse.
While the increase in the gold price has reached nominal highs, it and the price of silver have not passed their all-time 1980 highs in real terms.
Adjusted for inflation, gold would have to rise to about $3590 an ounce while silver would have to surpass $50 an ounce.
Both are poised to exceed these watermarks in the not-too-distant future.