Gold Recovers Strongly as Investors Begin to Run Out of Choices says Bill Hionas
(1888PressRelease) Precious metals all rebounded strongly today on disappointing economic news.
MIAMI, FL – After a pretty wild week, gold is making its way back up towards $1900, recouping a large proportion of the losses it made earlier. The Swiss National Bank’s actions have not only effectively removed one of the most viable alternatives to gold as a safe haven but may have prompted other countries to consider following suit and reducing interest rates to safeguard their exports. Add to this the announcement that ECB President Trichet has cut forecasts for economic growth in the euro zone and is keeping interest rates at 1.5%, US unemployment claims are higher than expected, and there is continued talk of further quantitative easing; it is hardly difficult to see why gold is likely to experience a strong rebound.
The US Mint saw more than double the demand for American Eagle gold coins in August, compared with July with a large increase in silver bullion coins also. Despite the recent volatility, gold and silver bullion and coins are still experiencing high demand from investors who are seeking a safe haven.
Bill Hionas leads a highly experienced team of brokers and traders at Pan American Metals of Miami, located in Miami Beach where it is ideally situated for investors from North, South and Central America.
Pan American Metals of Miami has seen a significant increase in business in recent weeks as investors realize that precious metals bullion is soon to be the only reliable safe haven for wealth protection. Today, September 8, all four precious metals showed notable gains, with gold and platinum still vying with one another for the top spot.
About Bill Hionas:
Bill Hionas is CEO of Pan American Metals of Miami, LLC, 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.billhionas.com; http://www.panamericanmetalsofmiami.com
Press Contact
Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.billhionas.com; http://www.panamericanmetalsofmiami.com
Source:
http://www.1888pressrelease.com/gold-recovers-strongly-as-investors-begin-to-run-out-of-choi-pr-333577.html
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