Pan American Metals of Miami says Long-Term Outlook for Gold Remains Positive
(1888PressRelease) Many factors are underpinning gold.
(1888PressRelease) MIAMI, FL - Many investors may be asking themselves why there has not been a
strong move into gold as the European crisis continues. After all, traditionally, gold and silver bullion has
provided a safe haven in times of economic turmoil, such as we are currently seeing in Europe, yet gold
and silver prices continue to hover.
There are several factors that remain strongly supportive of gold; the central banks of many countries are
continuing to stockpile gold bullion and German Chancellor Angela Merkel was quick to assert that
Germany's gold reserves should not be used to help fund bailouts. Germany has the second largest gold
reserves in the world, after the United States. None of this suggests that gold is to be discounted, or treated
like any other commodity; clearly there is faith in gold at the international level.
Gold and silver, along with other precious metals, are still experiencing strong physical demand. Rising car
sales have increased demand for platinum and palladium while platinum is also seeing renewed
popularity in the jewelry industry due to its current lower price.
"Precious metals have an intrinsic value that enable them to hold their value against paper currencies,"
says Bill Hionas of Pan American Metals of Miami. "It is surprising to many observers that the European
crisis has not caused gold prices to soar due to safe-haven demand; however, market experts still forecast
gold to reach $2000 an ounce, possibly by the end of this year."
Pan American Metals of Miami is located in Miami Beach. PAMOM's team of seasoned investors, traders
and account executives is available to assist investors with their bullion purchases.
About us:
Pan American Metals of Miami, LLC is a group of traders, investors and account executives that combines
many years of experience to help clients invest in bullion. PAMM provides an individual investment
service and is based in Miami, Florida for convenient access to both North and South American investors.
Website: http://www.panamericanmetalsofmiami.com
Press Contact
Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Trackback URL:
http://www.1888pressrelease.com/pan-american-metals-of-miami-says-long-term-outlook-for-gold-pr-
350897.html
###