Gold hit record highs July 13, following suggestions of further quantitative easing in the US.
(1888PressRelease) July 14, 2011 - MIAMI, FL - The news, this morning, July 13, that gold has hit record highs, should not have anyone choking over their coffee. The record-breaking gold price was only to be expected given the recent 'run to safety' caused by global economic woes. Investors who bought gold at a lower price should be very happy, but those who hesitated about getting into the precious metals market should not despair. As the old saying goes, 'The best time to plant a tree was forty years ago; the next best time is today'.
So should investors still be looking to get into the [url=http://www.panamericanmetalsofmiami.com/PreciousMetals.aspx]precious metals[/url] market? Absolutely! There is no suggestion that gold has peaked, and lots of indicators to suggest it still has a fair way to go. Quantitative easing in the US has caused global inflation, and US Federal Reserve chairman, Ben Bernanke, has hinted that a third round of quantitative easing may be on the cards in an attempt to stimulate the economy. This news alone was enough to send stocks soaring, especially when combined with encouraging news on China's economic growth in the second quarter.
Silver also rose more than 5% today, pulled along by rising gold prices. Silver tends to be more volatile than gold, with a large part of its demand coming from industry; nevertheless, as 'poor man's gold' it is also a 'go to' investment in times of economic crisis. Palladium and platinum also traded higher today.
Pan American Metals of Miami (PAMM) showed notable gains on all four precious metals July 13. PAMM's team of seasoned brokers and traders, ably led by Bill Hionas, is available to assist buyers and to offer advice on investment in precious metals bullion.
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 hit record highs July 13, following suggestions of further quantitative easing in the US. 
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