Emerging Economies Stocking Up On Gold Says Pan American Metals Of Miami
(1888PressRelease) Macroeconomic climate is supportive for gold as a safe haven.
MIAMI, FL – For investors who may be questioning further exposure in gold bullion, it is interesting to note that many emerging economies are actually increasing their holdings in the yellow metal. Russia, Thailand and Bolivia were among countries adding to their gold reserves during the month of August, amidst a trend of diversification that is eschewing traditional currencies in favor of gold. The trend among central banks, particularly in emerging markets, is to become net buyers rather than net sellers of gold. Not only does gold bullion provide a tried and trusted safe haven but alternatives are few and far between in the current climate.
“Even with the recent volatility in the market, gold remains one of the best-performing assets,” says Bill Hionas, CEO of Pan American Metals of Miami, a precious metals brokerage located in Miami Beach. “The strong move towards gold by the central banks of many governments should serve as an indicator of market trends.”
The European debt crisis, which took another turn for the worse over the weekend, is also bullish for both gold and silver. The only viable solution to the ongoing crisis is further stimulus, or printing more money, a course of action that serves to devalue currencies and makes precious metals a very attractive alternative. Gold and silver suffered along with all other investments in the immediate sell off and rush to liquidate last week but investors do need to stay focused on the big picture. In the long term the macroeconomic factors are highly supportive of gold and silver. Analysts are still predicting $2000 an ounce for gold by next year, based on safe-haven demand.
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/emerging-economies-stocking-up-on-gold-says-pan-american-met-pr-340012.html
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