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.
Gold last traded at $1,930 an ounce. Silver at $24.39 an ounce.
NEWS SUMMARY: Precious metal prices rose sharply Monday, with gold touching all-time highs, as investors sought safe havens from a gaggle of economic uncertainties. U.S. stocks rose, led by major tech names, as investors braced for a week of corporate earnings and coronavirus stimulus negotiations.
BLLOMBERG---"Gold is up 25% this year...Meanwhile, global stocks, as measured by the MSCI World index, have recovered almost all of the losses they suffered as the pandemic ushered the world economy into lockdown, and are within 5% of regaining their February highs. A look at where the smart money is going, though, suggests one of these rallies may prove unsustainable. In the first quarter, sovereign funds had reduced their exposure to equities to the lowest level since at least 2014, according to an annual survey published this week by Invesco Ltd. The investment management firm cited 'end of cycle concerns that led to decreasing strategic allocations' as the driving force for the diminishing appetite for stocks. That trend shows no signs of abating. More than a third of wealth funds plan to cut their equity holdings in the coming year, with 18% intending to trim by 5% or more. Contrast the mistrust of equities with a rising enthusiasm for gold. Its performance this year has been spectacular. Gold bugs applaud the precious metal as an insurance policy against financial fiddling by monetary authorities that will stoke runaway inflation one of these days. That interest has further to run. Some 18% of central banks plan to increase their gold holdings in the coming year, according to the Invesco report, while 23% of sovereign funds intend to boost their exposure....'It is only a matter of time' until gold reaches a record high, Citigroup Inc. analysts said in a report this week. Gold bugs can rejoice that the smart money of sovereign funds and central banks is with them. The cheerleaders for equities may want to think again."