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.
The Real Reason Gold Hasn't Exploded
4.14.23 - Rickards: The Real Reason Gold Hasn't Exploded
As weak growth turns into a global recession, a new financial panic will be on the horizon. At that point, the dollar itself may cease to be a safe haven, especially given the aggressive use of sanctions by the U.S. and the desire of major economies such as China, Russia, Turkey, and India to avoid the U.S. dollar system if possible.
When this panic hits and the dollar is deemed no longer reliable, the world will turn to gold.
Frustration with the sideways movement of gold prices is understandable. But behind the curtain, a new liquidity crisis is brewing.
Investors should consider today's prices a gift and perhaps a last chance to acquire gold at these prices before the real safe haven race begins.
Even above $2,000, gold is so cheap right now, it's practically a steal.
