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.
US Recession Forecast? 100% chance
10.19.22 - US Recession Forecast? 100% chance
Gold last traded at $1,628 an ounce. Silver at $18.45 an ounce.
America's 6 biggest banks are expected to set aside $4.5 billion in Q3 to cover future loan losses - why that's a clear bad sign for the global economy - Yahoo! Finance
As price inflation and increasing interest rates continue to plague the economy, banks are preparing for the worst. If you want to know how banks feel about the Fed's attempts to regain control of this economy, the following story should give you an idea.
"Fears of a looming recession and a tightening economy are pushing the country's big banks to prepare for the worst.
According to a report from Bloomberg, six of the biggest banks in the U.S. - JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, Wells Fargo and Morgan Stanley - plan to set aside about $4.5 billion to protect against loan losses in their third-quarter earnings.
Banks typically build up their loan loss provisions when there are concerns borrowers won't be able to make their payments.
