Pan American Metals Of Miami Says Silver Is An Attractive Investment As Gold To Silver
(1888PressRelease) A declining gold / silver ratio makes silver an attractive buy.
MIAMI, FL – As physical demand for gold remains high, especially from India with the approach of Diwali, silver is also looking attractive. The gold / silver ratio is declining, making silver arguably a more attractive buy at present. In the early part of 2011, silver markedly outperformed gold, on safe-haven and industrial demand. The gold / silver ratio declined from January, though it has recently increased again, currently averaging around 50. Even though this is higher than earlier in the year, it is a marked decrease on the ratio last year, which averaged around 70.
For buyers in India, gold is the preferred metal, especially as we approach Diwali and a major wedding season. Gold, gold jewelry and gold ornaments are all popular gifts at this time. However, silver offers a more accessible price point, both for jewelry and as a safe haven. Silver prices today, October 14, were up 47 cents at $32.12.
“Investors have been wary of silver since the spring,” says Bill Hionas, CEO of Pan American Metals of Miami. “However, silver has stayed firmly over $30 an ounce for some time now. Silver benefits from both safe-haven and industrial demand and offers investors a more attractive price point for entry into the precious metals bullion market.”
Pan American Metals of Miami trades in precious metals bullion: gold, silver, platinum and palladium. Clients interested in taking a position in silver can get advice from PAMOM’s team of expert traders and investors. PAMOM’s team offers advice that is tailored to the specific needs of each individual client.
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
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-silver-is-an-attractive-in-pr-342844.html
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