Pan American Metals Of Miami Says White Metals Rebounding More Slowly Than Gold
(1888PressRelease) White metals slated to perform well on increased industrial demand.
MIAMI, FL – Platinum saw some increased demand following the lower prices available last week; however, its reliance on industrial demand does not help it particularly when the economy is struggling. Nevertheless, both Toyota and Honda have announced that they are back to full production; platinum is used in the manufacture of catalytic converters and should therefore see demand increase as the automotive sector recovers. Platinum has not managed to rebound as quickly as gold and is still trading at a lower price, a situation that is extremely unusual; platinum is 30 times rarer than gold and is traditionally more valuable. There has also been increased investment demand in platinum and palladium in recent months.
“We are seeing a slightly less confident rebound with the white metals,” says ]Bill Hionas, CEO of ]Pan American Metals of Miami. “However, increased industrial demand should help support higher prices in the next few weeks.”
Silver is also picking up on physical demand from India and increased industrial demand. Silver coins also enjoy safe haven demand, along with gold bullion coins, as a form of wealth protection.
Pan American Metals of Miami is located in Miami Beach, at the financial hub of North and South America. Ably led by Bill Hionas, PAMOM trades in precious metals bullion: gold, silver, platinum and palladium. Buyers are offered both fully-funded and leveraged positions and may choose to take physical possession of their bullion once full payment has been received.
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/gold-invest-investment/precious-metal-silver/pan-american-metals-of-miami-says-white-metals-rebounding-mo-pr-339266.html
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