(1888PressRelease) June 21, 2011 - MIAMI, FL - The present upward trend in gold is not a bubble about to burst. Many political, geological and economic factors affect the precious metals market and there are plenty of reasons to anticipate a continued rise in the price of gold, and other precious metals.
Gold has backed major world currencies for centuries and is the 'go to' commodity in uncertain economic times, and the current times are extremely uncertain. Greece is in crisis; the euro is losing value daily and China has rising inflation. In the US, recovery from the recession has been disappointingly slow, interest rates remain low and there is widespread concern about the future of the dollar. Prudent investors are wary of fiat currencies, especially as the Federal Reserve in the US continues to print money while its debt levels rise alarmingly.
Supplies of gold are diminishing, while production costs increase, creating a perfect supply / demand ratio that should guarantee a continuing bull market. Despite some profit taking, most investors are holding on to their gold and / or taking advantage of short-term drops in the price to buy more cheaply. Market analysts are talking about $2000 an ounce or even $5000 within a few years. None of this suggests a bubble about to pop.
Investors interested in generating or protecting their wealth are turning to precious metals, gold in particular.
"Some investors are buying gold as insurance, a hedge against inflation," says Bill Hionas of Pan American Metals of Miami (PAMM). However, others are interested in building wealth and rightly see precious metals as a way to grow the value of their portfolios."
PAMM offers clients fully-funded and leveraged positions and has a team of seasoned brokers available to offer advice tailored to each client's unique needs.
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.
Present upward trend in gold set to continue. 
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam