Investors are nervous about US economy and seeking safe havens.
(1888PressRelease) August 24, 2011 - MIAMI, FL - There is widespread speculation regarding Ben Bernanke's meeting in Jackson Hole, Wyoming, Friday. It seems likely that he will introduce a third round of quantitative easing in an attempt to boost the economic recovery in the US. However, such an action, if it were to be announced would meet with a veritable storm of protest and opposition. Continuing uncertainty about the US economy is likely to support safe haven investments.
Gold bullion has seen record-breaking highs recently and there are many macroeconomic factors to support gold prices at, and above, $1900.
Recent global events have driven investors to seek out a safe haven for purposes of wealth protection. Precious metals bullion has considerable attraction as a safe haven at times when fiat currencies are proving unreliable; one is not purchasing a piece of paper but an actual physical holding in a precious metal.
Bill Hionas leads a team of experienced brokers at Pan American Metals of Miami, a precious metals brokerage located in Miami Beach, Florida. Pan American Metals of Miami deals in precious metals bullion, offering both fully-funded and leveraged positions. PAMM's team is available to assist buyers with their bullion purchases.
"Our whole team has been kept busy dealing with demand for gold bullion purchases," says Bill Hionas. "Precious metals bullion is a unique financial instrument; it has an intrinsic value and has been proven to stand the test of time."
PAMM's team offers advice that is tailored to the specific needs of each client and PAMM's brokers never recommend positions unless they, themselves, would be comfortable with them.
About Bill Hionas:
Bill Hionas is CEO of Pan American Metals of Miami, LLC, 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.