While some investors may worry about the current volatility, others are happily counting their profits.
(1888PressRelease) September 09, 2011 - 'The rich get richer while the poor get poorer' is a time-honored maxim. This may well be true in the world of precious metals investment but perhaps a more accurate statement would be that the 'poor' average Joe has perhaps come late to the party, bought gold at fairly high prices, and is now worrying himself into an early grave because prices appear to be dropping. Meanwhile, the 'rich' savvy trader is delighted to have made a profit selling his gold at the highest price it has yet reached, only to then buy it back in the ensuing dip for a cheaper price - definitely a no-brainer!
The above scenarios exemplify different approaches to investment. There is of course a third type of investor, let's call him Mr.Prudent. This investor believes that 'slow and steady wins the race' and has been steadily (and prudently) diversifying into gold for some time now. This investor is not worried - he bought much of his gold bullion a long time ago, at what now seem like bargain basement prices. He has added to it gradually, never over-extending himself. He has no immediate plans to sell; his gold provides him with insurance against an uncertain economic future but, if he were to sell, he would be making a handsome profit. Again a winning situation.
So, is there hope for poor old average Joe? Well, yes, consensus is that gold will still recover and will continue to rise. Macroeconomic factors affecting the market are not likely to change hugely in the foreseeable future; the dust will settle and there is a good chance we may see $2000 (or more) for gold before the end of the year. So our average Joe simply needs to sit tight and have faith.
Pan American Metals of Miami can advise and assist all three types of investors. Located in Miami Beach they are ideally situated for investors from North and South America.
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.
While some investors may worry about the current volatility, others are happily counting their profits. 
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam