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Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
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.

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Gold's Rise Looks Unstoppable. It Could Hit $2,000, Analyst Says

Thursday, September 12, 2019

 "BARRONS--"Citigroup Senior Commodities Strategist Aakash Doshi thinks gold may top $2,000 an ounce in the next year or two, a gain of about 34% from its current price...'We now expect spot gold prices to trade stronger for longer, possibly breaching $2,000 an ounce and posting new cyclical highs at some point in the next year or two,' Doshi wrote. Bullish factors cited by Doshi include 'lower for longer nominal and real interest rates, escalating global recession risks - exacerbated by US-China trade tensions - heightened geopolitical rifts and amid rich equity and credit market valuations, coupled with strong central bank and investor buying activity.' Doshi boosted his fourth-quarter gold forecast by $125 an ounce to $1,575 and his calendar 2020 projection to $1,675, while noting an 'increasing probability' that bullion markets 'retest' their highs from earlier in the decade. In a recent interview, Jens Nordvig, the founder and CEO of Exante Data, said that, given the 'extreme bull market in bonds, gold will be very well supported.' He noted that central banks have boosted their purchases of gold and said, 'Nobody's crying when gold goes up, so there's really no anchor on how high it can go.'"

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