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.
Gold is back in fashion
"Base metals prices are likely to weaken as the Chinese economy keeps slowing. The gold price rebound, however - the yellow metal is now above $1,300 for the first time since last summer - does look sustainable. One source of demand is central banks, who, according to the World Gold Council, haven't been buying this much gold since the world came off the gold standard in 1971, says Henry Sanderson in the Financial Times....The key theme here is a need (especially among emerging- market central banks) to diversify currency reserves away from dollars, to which they tend to be highly exposed. This has been the case for several years, but geopolitical tension seems to have accelerated the trend. There should be plenty more demand from this source over the longer term....Gold's reputation as a safe haven is also coming to the fore now that markets have become more volatile and the political backdrop less predictable....The possible return of inflation is another reason to hold gold."
