Gold still favorite safe haven investment; long-term outlook remains very strong.
(1888PressRelease) July 30, 2011 - MIAMI, FL - At the end of a week that saw records broken for gold prices, the market seems almost stalled, waiting nervously along with most of the world on the eventual decision from Washington. If this week was interesting for the precious metals market, next week should be even more so. Like it or not, the deadline for raising the debt ceiling will come around on Tuesday, August 2 and, whatever the outcome, we can assume a fairly major effect on the market. So what is the long-term outlook for gold?
The interest in gold as a safe haven is unlikely to disappear any time soon. There are certainly likely to be some sell offs, in fact the market is already experiencing that, but most analysts seem to agree that the future is still strong for gold. Gold remains the number one choice as a safe haven investment; it is the standard against which all other major currencies are measured, acting, to all intents and purposes, just as the original gold standard did. If a favorable agreement is reached before the deadline, then prices may well drop - initially. However, the world will continue to be nervous and the attraction of a safe haven will still drive investors towards gold and silver; it seems likely that any downward pressure on gold prices will be short term only. Some analysts are suggesting that the question should not be if gold will reach $1700, or even $1800 or $2000, but rather when, with the consensus being that we should see at least $1700 before the end of this year.
Pan American Metals of Miami, under the leadership of Bill Hionas, offers clients opportunities to purchase precious metals bullion; PAMM has a team of seasoned brokers available to assist clients, both institutional and individual, with 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.
Gold still favorite safe haven investment; long-term outlook remains very strong. 
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