(1888PressRelease) August 24, 2011 - MIAMI, FL - Investing in precious metals can seem like something of a roller-coaster ride for the novice investor. The price of gold has been skyrocketing recently, only to collapse slightly today, August 23, in light of more encouraging economic news and an earthquake in Virginia. Corrections are quite normal after such a meteoric rise and they provide savvy investors with perfect buying opportunities. Those who already hold gold bullion are generally well advised to sit tight and ride out the ups and downs of the market. A simple rumor that suggests the economy is recovering, or doing worse than anticipated, is often sufficient to shake up the market.
In the longer term, gold has been climbing rapidly for many months. A look at charts will show many dips and peaks along the way but the trend is consistently upward. The price of gold has more than tripled in the last three years and has been breaking new records almost daily.
Bill Hionas is CEO of Pan American Metals of Miami and leads an experienced team of brokers dealing in gold, silver, platinum and palladium.
"Precious metals have an exotic allure," says Bill Hionas. "They have been treasured by mankind for centuries, desired and fought over; their rarity and beauty gives them an intrinsic value."
Precious metals, especially gold bullion, offer a hedge against inflation or any other economic upset. Gold has been proven to hold its value against other currencies for centuries and tends to be the 'go to' metal for those seeking a safe haven. Silver is also valued and - as 'poor man's gold' - does offer a more accessible entry point into the precious metals market. The white metals, however, rely more heavily on industrial demand, making them more volatile than gold.
For more information visit www.billhionas.info
About Bill Hionas:
Bill Hionas is CEO of Pan American Metals of Miami, LLC, 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.
Experienced investors ride out peaks and dips. 
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