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Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
 
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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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We'll Soon Behold $1,800 Gold

Tuesday, April 13, 2021

Gold last traded at $1,745 an ounce. Silver at $25.38 an ounce.

NEWS SUMMARY: Precious metal prices rose Tuesday as higher retail inflation data boosted safe-haven appeal. U.S. stocks traded mixed as the mandated pause in the J&J vaccine rollout put a damper on investor optimism.

FX Empire--"Any one who understands The Gold Story a wit (and that's you) already knows that price is significantly undervalued (our opening Scoreboard valuation now reading as $3,759, which is more than double the recent $1,744 level).

That $3,759 valuation is being aided and abetted by an unconscionable creation of faux dough having increased the U.S. money supply ('M2') at an annualized rate within the last year of over 25%. Worse, the essentially infinite universe of the 3Ds - Debasement, Debt and Derivatives - is such that if we all simultaneously tried to convert our so-called 'assets' into cash, 99% of us would receive nothing, i.e. zero ('0').

Again, you already know all that. So why isn't Gold already way up there? The market never being wrong, its offers taken and bids hit have rightly put price at $1744. But as is oft our wont to point out, perceived price is not veritable valuation. And to embark on the road up there, Gold really needs a positive catalyst, one that regrettably for many mainstream market analysts shall become the reality. And that is: there shan't be a materially-robust post-COVID economic boom. Sorry, but 'tis better to grasp that eventuality right now rather than later. And as such surprise sinks in, 'twill make Gold 'real popular real fast' as we’ve seen in the past.

From our purview, this remains seemingly unconsidered across the financial spectrum. But we've herein hinted at it in recent weeks and upon it being realized could help propel Gold to $1,800 ... to our forecast high this year of $2,401 ... in time to our Scoreboard valuation of $3,759 ... and beyond."

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