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Park Avenue Numismatics
2742 Biscayne Blvd.
Miami, FL 33137
 
Toll Free: 888-419-7136

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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

Gold price could "easily" go to $2,000; QE4 is like counterfeiting

Tuesday, February 11, 2020


RICK RULE/KITCO--"With bond yields at historical lows, and even negative in some parts of the world, investors are navigating uncharted waters, and gold demand could see a surge, says Rick Rule, CEO of Sprott U.S. 'If you have mean reversion in terms of gold and gold-related equities, you will see between triple to quadruple demand in precious metals and precious-metals related assets,' Rule told Kitco News on the sidelines of the Vancouver Resource Investment Conference. He added that no prudent investor wants his life insurance to pay off because that means someone has died, and this is what gold is all about. Rule noted that there is an excess of liquidity in the monetary system in the form of quantitative easing that will ultimately drive gold prices higher. 'It is interesting to understand what quantitative easing is: it's counterfeiting. If you and I did it, we'd go to jail,' he said. 'Understand that what they're doing is debasing the currency.' Rule said that gold prices, under these conditions, could 'easily' go to $2,000 and beyond, but it may not happen right away."

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