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
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 prices could soar to $2,000 next year
CNBC-- "Gold prices could surge by about 30% to as high as $2,000 per ounce next year, according to David Roche, president and global strategist at Independent Strategy. The price of spot gold currently stands at around $1,500 per ounce. 'What my gut says is that cause of the vilification of fiat currencies by central bankers, which is set to get worse - not better, people will look for an alternative currency,' Roche told CNBC’s 'Squawk Box' on Thursday. 'Gold is a good alternative currency because it's safe, and because it costs nothing to own it compared to paying negative rates on deposits,' Roche said. As a result, gold prices will likely touch $1,600 before the end of this year, before moving higher to $2,000 next year, he said. Roche said central banks are now 'quite rightly worried' about the next downturn...'That's why I buy gold.'"
