Intrinsic value of precious metals makes them the only true safe haven.
(1888PressRelease) November 17, 2011 - MIAMI, FL - The current situation has the investment world perplexed. Investors are rushing to unload what they perceive as risky assets and move into cash, causing a strong US dollar and a marked decrease in the price of precious metals. This runs contrary to every logical thought process. Precious metals have an intrinsic value while the euro and the dollar are worth only the value of the paper they are printed on, and the faith placed in the governments issuing them.
Investors who are nervous about precious metals should consider the scenario that may happen if, as seems quite likely, the present crisis worsens. Global debt has grown exponentially in recent years. Europe consists of a few strong economies and several countries that have stagnant economies and severe debt. The European Financial Stability Fund does not have enough money to bail out all the members that might need it and certainly not an economy the size of Italy's. If there are defaults then we will also see banks failing. Governments will find themselves in a vicious cycle as loans attract higher and higher interest rates, eventually resulting in even higher deficits.
To protect wealth, in this scenario, investments with an intrinsic value are essential. Precious metals bullion has an intrinsic value that cannot be debased in the same way as fiat currencies.
"Precious metals bullion has been proven to stand the test of time and gold has outperformed almost every other asset in every financial crisis for the last thirty years," says Bill Hionas. "The tangibility of precious metals offers reassurance to investors."
Bill Hionas runs Pan American Metals of Miami, a precious metals brokerage located in Miami Beach. For further information please visit www.billhionas.com.
About Bill Hionas:
Bill Hionas is CEO of Pan American Metals of Miami, LLC, a group of traders, investors and account executives that combines 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.
Intrinsic value of precious metals makes them the only true safe haven. 
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