(1888PressRelease) December 14, 2011 - MIAMI, FL - The white metals react somewhat differently to gold and, while gold has been slipping due to a rush to liquidate and a stronger dollar, there has been comparatively little movement in silver, platinum and palladium. Silver is down, but only by 5 cents, platinum is holding steady and palladium, which made huge gains last week, is still looking good, up one dollar on the day. Their dependence on the strength of the industrial sector makes these metals react less to other market pressures, compared with gold. Investment demand is crucial to the price of gold whereas the white metals do see some investment demand but rely more heavily on industrial demand.
It seems that demand from industry continues to be high, despite the approaching year-end and the economic crisis in Europe. November saw a rise in the sales of new cars, increasing the demand for platinum and palladium, both of which are also experiencing some supply challenges. Both metals are extremely rare and there have been labor problems and increased production costs in South Africa while supplies of palladium from Russia are dwindling. Additionally, the jewelry industry will be taking advantage of platinum's unusually low price, relative to gold, and substituting platinum for gold in new jewelry designs. Platinum traditionally trades at a premium to gold, so platinum jewelry could well represent a bargain for buyers.
Investors interested in a position in silver, platinum or palladium should contact Pan American Metals of Miami for further information. PAMOM's team, ably led by Bill Hionas, is available to assist buyers with their precious metals bullion purchases. Both fully funded and leveraged positions are available.
About us:
Pan American Metals of Miami, LLC is a group of traders, investors and account executives that combines 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.
Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.panamericanmetalsofmiami.com
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