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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.

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'Parabolic rise' coming: Gold & silver will take off again

Monday, April 5, 2021

Gold last traded at $1,726 an ounce. Silver at $24.71 an ounce.

NEWS SUMMARY: Precious metal prices traded mixed Monday as upbeat economic data failed to boost the dollar. U.S. stocks climbed to record highs as investors cheered U.S. job growth last month amid the accelerating vaccine rollout.

RT Business News--"Max Keiser interviews the author of 'The coming collapse of the dollar', John Rubino, about the relative weakness of gold in a time of endless money printing.

'Sector rotations happen,' says Rubino, adding that right now people aren't rotating back into precious metals but that time will come.

He explains: 'There will come a time when people realize that precious metals are among the only cheap safe haven assets left and they'll pour into it. And gold and silver will take off again, we'll see that parabolic rise. We'll be where the gold bugs have been hoping to be for a long time.'

The former financial analyst says that right now 'gold and silver and mining stocks are where you want to go if you want to beat capital gains.'"

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