(1888PressRelease) September 27, 2011 - MIAMI, FL - It is understandable if even experienced investors were a little puzzled by recent events in the precious metals market. Fears of an impending recession would normally be expected to result in a rush to buy gold or silver bullion, as a hedge against inflation or devaluation of fiat currencies. Yet, in fact, precious metals dropped. In all likelihood, this is the result of panicked investors liquidating their positions as they face an uncertain economic future. When the panic dies down and the dust has settled, we will likely find that precious metals find their level again.
Even though recent high prices have been exceptional, the consensus of opinion, among market experts, is that gold is headed for an average price of over $2000 an ounce next year, with silver heading back towards $50. Despite gold's recent fall, it has still performed better than the other precious metals; gold is still achieving prices significantly ahead of platinum and outperforming silver. Much of this has to do with its intrinsic value and its continued perception as a safe haven. The white metals traditionally behave rather differently, due to their heavy dependence on industrial demand.
"Gold is still highly desirable," says Bill Hionas of Pan American Metals of Miami. "Once the current sell off has ended, we should see gold bullion rebound strongly."
Pan American Metals of Miami has a team of expert traders, investors and brokers, ably led by Bill Hionas, available to assist clients with their precious metals bullion purchases.
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.
Gold still outperforms other metals. 
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