Gold has risen against all major currencies and still offers safe haven for investors.
(1888PressRelease) August 13, 2011 - MIAMI, FL - Gold's recent spectacular rise has not been only in dollar terms; gold has risen against all major currencies, a significant factor when considering its future moves. Gold truly is the 'golden boy' of investors at present as it seems to represent one of very few safe havens amidst worldwide economic turmoil.
Historically, gold has been the standard against which other currencies are measured; in fact, it is exactly 40 years since the gold standard was abandoned by President Nixon. Many analysts are calling for a return to the gold standard and the central banks of many countries are amassing gold at incredible rates. True, gold is not money as such; you cannot actually take a gold bar to your local supermarket and buy groceries; however, stores are springing up everywhere that offer to buy gold and, as a commodity, it is highly marketable.
"With the threat of a double dip recession and serious sovereign debt issues in Europe and the US, investors want to put their money in something they can trust," says Bill Hionas, who is CEO of Pan American Metals of Miami, a precious metals brokerage. "Fiat currencies are so called because they depend on people having faith in the governments that issue them; unfortunately that faith is waning. Gold, however, has been proven to hold its value."
Certainly, gold has been an object of desire for thousands of years as mankind has been fascinated by the beauty and rarity of the yellow metal.
See www.billhionas.info for more information on investing in gold 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.
Gold has risen against all major currencies and still offers safe haven for investors. 
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