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Pan American Metals of Miami says Dollar Will Not Last as a Safe Haven

Top Quote US has too many financial problems for dollar to continue for long as a safe haven for investors. End Quote
  • (1888PressRelease) December 28, 2011 - MIAMI, FL - For some time now, the US dollar has been playing the role of a safe haven for investors, a role traditionally played by gold bullion. The choice of the dollar, for years the world's favorite currency, is nevertheless strange, considering the problems faced by the US.

    The dollar has gained a great deal of its popularity at the expense of the euro; if the situation in Europe improves, or even if some kind of realistic, acceptable solution is found, then the dollar will lose out to the rising euro. At the same time, the US has its own - massive - budget deficit, political leaders that cannot, or will not, agree on a solution, disappointing growth figures and high unemployment. Additionally, there is the ever-present threat of a further round of quantitative easing by the Federal Reserve.

    "The dollar as safe haven is not a scenario that can last for too long," says Bill Hionas of Pan American Metals of Miami. "There are too many problems in the US, if the euro gains ground, then the dollar will lose out, if the Federal Reserve introduces QE3, then the dollar will lose out. Precious metals bullion is an asset that has an intrinsic value and cannot be debased in the same way as paper currency."

    Pan American Metals of Miami deals in precious metals bullion: gold, silver, platinum and palladium. Both leveraged and fully funded positions are available.

    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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