(1888PressRelease) November 15, 2011 - MIAMI, FL - Gold prices are being pushed in two directions at once, caught between the opposing forces of safe-haven demand and the need or desire to raise cash. The situation is further complicated by bargain hunters buying the recent dip and a stronger dollar.
The ongoing concerns in Europe, as two countries struggle to solve their crippling debt issues with interim or emergency governments, are strengthening demand for both the dollar and gold as safe havens. When considering the dollar, still arguably the preferred safe haven by many, we should remember that the United States' international debt makes that of Italy and Greece look like small change. Granted, unlike these two countries, the US has a GDP that more or less matches the amount of its debt; however, the nation is still spending far in excess of its revenues and unemployment figures remain high.
"Many people are turning to gold or other precious metals bullion as an alternative safe haven," says Bill Hionas of Pan American Metals of Miami. "Faith in the dollar is waning whereas gold is tangible and has an intrinsic value that paper currencies can never have. Platinum is looking undervalued and palladium has seen strong gains recently. Historically, portfolios that include precious metals have performed better than those that do not. Gold has always provided a hedge against economic uncertainty."
Bill Hionas leads a team of seasoned investors, traders and account executives at Pan American Metals of Miami, located in Miami Beach. The team can advise clients interested in taking a position in precious metals. The team's advice is tailored to the specific needs of each individual investor.
About us:
Pan American Metals of Miami, LLC is 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.
Safe-haven demand is countered by selling off. 
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