Pan American Metals of Miami says Gold’s Value is More Important than its Price
(1888PressRelease) Gold’s value as a safe haven should weigh more with investors than fluctuations in price.
Financial experts are becoming increasingly concerned about the situation in Europe, which does not look like being resolved any time soon. The effect of the ongoing crisis on gold prices is twofold: on the one hand, economic uncertainty, of any kind, tends to send investors running for the hills, or rather to the perceived safe haven of a precious metal on the other hand, a sliding euro means a stronger dollar, and a strong dollar is generally negative for gold.
“Gold has been holding steady at around the $1800 mark, with occasional dips below,” says Bill Hionas of Pan American Metals of Miami. “The consensus is for continued volatility in the short term but for prices to rise in the longer term.”
Prudent investors are likely holding onto their gold bullion, with no intention of selling anytime soon. Despite the volatility, gold still fulfills the role of providing insurance against inflation, or devalued currency. Oscar Wilde famously stated that a cynic “…knows the price of everything and the value of nothing.” Mark O’Byrne, speaking from the LBMA conference in Montreal, echoed his famous compatriot, suggesting that people should focus on value rather than price when considering gold purchases, reminding investors that gold’s value lies in its role as a safe haven. As such, price may become relatively irrelevant. Historically, gold has provided a tried and trusted safe haven and there is no reason for this not to continue.
Pan American Metals of Miami, trading in Miami, Florida, deals in precious metals bullion: gold, silver, platinum and palladium. Investors can get advice, tailored to their specific needs, from PAMOM’s experienced team of brokers.
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-s-value-is-more-impor-pr-337415.html
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