Precious metals bullion is the preferred choice for investors interested in wealth protection.
(1888PressRelease) August 30, 2011 - MIAMI, FL - For investors considering adding precious metals to their portfolios, the main question is often how to invest. Gold, for example, can be bought as bullion; alternatively one can buy ETFs (Exchange Traded Funds), mining stocks or mutual funds. One can also buy gold options or futures. However, novice investors should bear in mind that buying options or futures is highly speculative and probably best left to experienced investors who are comfortable with the risk and highly knowledgeable about the market. Speculators aside, the choice depends to some extent on one's reasons for investment.
For those investors who are mainly interested in wealth protection, in maintaining the purchasing power of their money in the event of inflation or a failing currency, precious metals bullion is always preferable. Historically precious metals have retained their value, regardless of what has happened to currencies. Nixon abolished the gold standard forty years ago so that now all currencies are fiat currencies; that is to say they are based on 'fiat' or faith. In other words a hundred dollar bill may well not be worth the paper it's printed on; when you take a hundred dollar bill from the ATM you are simply in possession of a promise that you can use this piece of paper to buy approximately a hundred dollars' worth of goods. This is fine until inflation takes a bite out of the value of your hundred dollars and / or your piece of paper is no longer actually worth a hundred dollars at all because the currency has failed. If you have gold bars in your possession, this worry is eliminated.
Bill Hionas runs Pan American Metals of Miami (PAMM). Operating in Miami Beach, PAMM is ideally situated at the financial hub of North, South and Central America. PAMM trades in gold, silver, platinum and palladium. Bill Hionas leads a team of seasoned brokers and traders who can assist clients in purchasing precious metals bullion.
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.