BillHionas.info Reports Gold Eclipsing Platinum as Investors Rush to Find a Safe Haven
(1888PressRelease) Global macroeconomic issues caused gold to eclipse platinum early this week as investors rushed to buy gold bullion as a safe haven following the volatility in the stock market.
MIAMI, FL – Concerns about the state of the economy, both nationally and internationally are mounting a two-pronged attack on the gold to platinum ratio; on the one hand economic concerns boost gold on investment demand while, on the other hand, these same concerns raise doubt about future levels of industrial demand for platinum.
The recent debacle of the US debt crisis, the European sovereign debt crisis and S&P’s downgrade of the US’s triple-A credit rating – with its resulting effect on the commodity markets – have combined to send investors rushing towards gold bullion as a safe haven. At the same time, those metals that see most of their demand from industry may appear less attractive amid fears of a double dip recession. Platinum is rare; supplies of ore are limited and it is used extensively in the jewelry industry. However, it also relies heavily on the automotive industry where it is used in the manufacture of catalytic converters.
“Certainly gold is the precious metal of choice at the present time,” says Bill Hionas, CEO of Pan American Metals of Miami. “Gold has historically acted as a measure against which other currencies are judged and is often the favored choice for investors looking for a hedge against any economic crisis. With the economy currently highly volatile, gold is understandably the investment of choice.”
Bill Hionas leads Pan American Metals of Miami, which trades in gold, platinum, silver and palladium. Investors can take delivery of their precious metals bullion or choose to have it stored in a repository for safe keeping.
About Bill Hionas:
Bill Hionas is CEO of Pan American Metals of Miami, LLC, a group of traders, investors and account executives 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.info; 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.info; http://www.panamericanmetalsofmiami.com
Source:
http://www.1888pressrelease.com/billhionas-info-reports-gold-eclipsing-platinum-as-investors-pr-325560.html
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