Gold and silver are holding on to record gains in light of debt concerns in both the US and Europe.
(1888PressRelease) July 20, 2011 - MIAMI, FL - The good news just seems to be continuing for holders of gold and silver bullion as the precious metals continue to make record highs. Cautionary selling and profit-taking could cause a small dip but the trend is still set firmly upward with gold holding steady above $1600 and silver apparently holding around $40. Despite Ben Bernanke's insistence that gold is not money, it is acting exactly like a global currency. Unlike fiat currencies it has no national affiliations and is not subject to any sovereign debt risks, making it highly attractive as a safe haven option for investors.
With both the euro and the US dollar looking risky, support for gold is effectively doubled. Cash investments are effectively depreciating as inflation eats up any profits and many investors are looking desperately for a safe place to put their money. The debt crisis in Greece is spreading to Ireland and Italy while debt ceiling talks in the US still appear to be stalled. All this is excellent news for the precious metals market.
"Debt issues in both Europe and the US are combining to support the continued rise of gold and silver," says Bill Hionas, CEO of Pan American Metals of Miami . "Savvy investors have been increasing their exposure to precious metals bullion."
Pan American Metals of Miami offers clients the opportunity to purchase bullion either for home delivery or for storage in a nearby repository for safe-keeping. Both fully-funded and leveraged positions are available and opening an account is fast and easy.
Pan American Metals of Miami has a team of seasoned traders and brokers available to advise clients, offering recommendations to both institutional and individual investors.
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 and silver are holding on to record gains in light of debt concerns in both the US and Europe. 
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