Pan American Metals of Miami says Gold is Breaking More Records on Safe Haven Demand
(1888PressRelease) Gold comes within reach of $1900.
MIAMI, FL – Gold seems set to continue its upward climb as we start yet another week with record-breaking highs. As safe haven demand continues amidst global economic woes, precious metals bullion is basking in all the attention. Not only did gold continue its meteoric rise over the weekend but platinum also reached a three-year high and silver reached a three-month high, remaining comfortably over the $40 benchmark. The only currencies to offer safe haven potential, the Japanese yen and the Swiss franc, have both done everything possible to try and keep the value of their currency low, so as not to deter exports. Both were trading down today, making precious metals and gold bullion, in particular, even more desirable.
A majority of analysts are predicting further rises in gold in the coming weeks, especially as the European crisis lingers painfully on and there are rumors that Ben Bernanke may consider another round of quantitative easing in an attempt to boost the US economy. Additionally, civil unrest in Libya is adding to concerns and further driving safe haven demand.
“There is a great deal of support for gold,” says Bill Hionas of Pan American Metals of Miami. “This is still a bullish market.”
Gold rose to $1898.60 August 22, with platinum at $1900 and silver touching $44. Pan American Metals of Miami offers buyers opportunities to purchase precious metals bullion; gold, silver, platinum and palladium are traded and both leveraged and fully-funded positions are available.
About us:
Pan American Metals of Miami, LLC is a group of traders, investors and brokers who combine 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
Email: dbailey ( @ ) investpanam dot com
Website: http://www.panamericanmetalsofmiami.com
Source:
http://www.1888pressrelease.com/pan-american-metals-of-miami-says-gold-is-breaking-more-reco-pr-328881.html
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