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.
Is Coronavirus the Black Swan That Takes Gold To-Da-Moon?
YAHOO FINANCE-- "The fact that the yield curve has inverted again after the October 2019 normalization, is of great importance. It shows that the underlying forces behind all the 2019 inversions are still in force. It shows that the Fed's easing of monetary policy did not heal the economy....But now it should be clear that the Fed just postponed the inevitable. We mean here, of course, recession...The recessionary fears are still justified, despite the temporary calming down...Investors worry about the prospects of the global growth amid the coronavirus outbreak...After all, the impact on the global economy from the SARS epidemic reached up to $40 billion, according to this research, but as coronavirus is more contagious, its economic costs may be higher....The inversion of the yield curve is positive for the gold prices. Investors expect that the growth will slow down or/and that the Fed will cut the federal funds rate again later this year."
