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.
YAHOO FINANCE-- "Let's face it, we live in a world of radical uncertainty. There are not only many known unknowns in the world, but the same can't be said of unknown unknowns...But the real issue is that we do not know the probabilities, because we even do not know how the world works. You see, the probability applies in a casino but not in a real world. So how do we cope with the unknown? Mervyn King, former governor of the Bank of England, provides an answer in his interesting book The End of Alchemy. According to him, a coping strategy comprises three elements - a categorization of problems, a set of rules of thumb to cope with the latter class of problems; and a narrative. What is narrative? King defines it as 'a story that integrates the most important pieces of information in order to provide a basis for choosing the heuristic and the motive for a decision.'....The narratives are of great importance in the financial markets. As King points out, 'under radical uncertainty, market prices are determined not by objective fundamentals but by narratives about fundamentals.'....Now, it seems that the narrative about the economy, the central banking and gold is changing again. The economy is slowing down and people worry about recession. The global bond market is awash in negative yields. The Fed abandoned its tightening cycle. The price of gold jumped above $1,400 and it is flirting with $1,500. In such an environment, there are substantial odds that narratives will change in favor of gold."
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