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.
Will Gold Prices Skyrocket In 2021?
Gold last traded at $1,878 an ounce. Silver at $25.71 an ounce.
NEWS SUMMARY: Precious metal prices traded near 1-month highs Friday despite a firmer dollar. U.S. stocks traded mixed after touching new highs amid optimism on Covid vaccines and hope that Washington will soon pass additional stimulus measures.
FORBES--"Gold has lost luster as its price has fallen a bit from its summer highs...But, as this episode of What's Ahead explains, the yellow metal will be shining in the New Year.
The reason is an age-old one: the government churning out too much money. Since the coronavirus crisis shut down the economy, Washington has spent trillions of dollars in relief efforts. The national debt has increased more in recent months than in the previous ten years put together.
Help was needed, but most of the spending came from money being created out of thin air by the Federal Reserve. This is a formula for inflation - and traditionally that means the price of gold will be moving up, big time."
