Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
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MARKETS INSIDE--Gold could spike 30% to a record high of over $2,000 an ounce as central banks allow inflation and political fears mount, Bridgewater Associates boss Greg Jensen told the Financial Times. The Federal Reserve and other central banks won't clamp down on inflation or raise interest rates in the near term, supporting a higher gold price, said Ray Dalio's co-chief at the world's largest hedge fund. 'That's a big deal.' Gold could also benefit from the widening gap between rich and poor Americans, and rising tensions between the US and China, Iran, and others, Jensen told the Financial Times. 'There is so much boiling conflict, that gold being part of a portfolio makes sense to us.' In fact, rising inflation and soaring budget and trade deficits could lead to gold eventually replacing the US dollar as the world's reserve currency, Jensen told the newspaper. 'When you look at the geopolitical strife, how many foreign entities really want to hold dollars?' he said. 'What are they going to hold? Gold stands out because it's nobody else's liabilities as a possibility.'....US stocks are also 'frothy' after a decade of outperformance, Jensen told the newspaper, providing another reason to favor gold."