Gold Rallies Strongly on Safe-Haven and Physical Demand says Pan American Metals of Miami
(1888PressRelease) Both investment and physical demand are offering support for gold at present.
MIAMI, FL – Gold has regained its safe-haven status and is rallying strongly. Concerns continue over the euro zone crisis following Slovakia’s rejection of the revised bailout proposal. With ongoing concerns about the economy, safe havens continue to be needed and gold has proven, time and time again, that it can fulfill this role.
Gold has done far more than hold its value; gains over the past two years have been impressive, to say the least. Looking at gold prices in October 2009, we see an increase in value of almost 70% and there in all likelihood this will become 100% by the beginning of 2012.
“Gold has stood the test of time, providing a standard for all other currencies for centuries,” says Bill Hionas of Pan American Metals of Miami. “Investors need to keep focused on the big picture; short-term volatility is irrelevant if investors are holding on to their gold bullion for any period of time. As a medium- to long-term investment gold is pretty hard to beat.”
Both physical and investment demand remain strong as India, one of the biggest buyers of gold globally, prepares for its Diwali festival and the European concerns keep the need for a safe haven at the front of investors’ minds.
Pan American Metals of Miami, located in Miami Beach, is showing gold up $16 at $1681. Clients interested in taking a position in precious metals bullion should contact PAMOM’s team of investors, traders and account executives for advice.
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
Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.panamericanmetalsofmiami.com
Source:
http://www.1888pressrelease.com/gold-rallies-strongly-on-safe-haven-and-physical-demand-says-pr-342284.html
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