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Pan American Metals of Miami asks Where Will Gold Be in 2012

Top Quote Further quantitative easing would mean higher gold prices in 2012. End Quote
  • (1888PressRelease) December 14, 2011 - MIAMI, FL - Where will gold be in 2012? The future is always anyone's guess, unless you have a crystal ball. Nevertheless, the possibility definitely exists for gold to go through the roof next year. Governments may print more money but supplies of gold are finite. A mixture of quantitative easing, by whatever name it goes, and negative 'real' interest rates means that precious metals bullion is the only trustworthy asset to hold.

    "Gold has been acting, and is continuing to act, in an uncharacteristic manner, moving with the euro and behaving as a risk asset," says Bill Hionas of Pan American Metals of Miami. "This state of affairs cannot and will not last; if governments continue to address the debt debacle, on either side of the Atlantic, with further easing, then cash deposits will be worth less and less and gold bullion will be the safe haven of choice for investors."

    Some financial experts are forecasting gold prices as high as $2200 an ounce relatively early in 2012, certainly in the first half of the year. Others feel it may take a little longer but agree that prices over $2000 are extremely likely.

    Gold has gained around 18% this year, even at today's prices, and a similar, or greater, rise seems likely for the coming year. These kinds of gains are almost impossible to make elsewhere and certainly beat inflation, which cash in the bank clearly cannot do. Central banks have been diversifying into gold at every opportunity this year and it would be good advice for the individual investor also. Historically, portfolios that contain gold bullion have outperformed those that do not.

    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.

    Website: http://www.panamericanmetalsofmiami.com

    Press Contact

    Debbie Bailey
    Executive Administrator
    Pan American Metals of Miami, LLC
    Email: dbailey ( @ ) investpanam dot com
    Website: http://www.panamericanmetalsofmiami.com

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