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Bill Hionas Explains the Fascination of Precious Metals | |
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August 04, 2011 Precious metals are highly attractive to investors. MIAMI, FL - Bill Hionas leads the brokerage team at Pan American Metals of Miami. Bill has years of experience, not only in the precious metals market, but also in the businesses of real estate and boating. Pan American Metals of Miami has a strong team of traders and brokers available to assist clients wishing to invest in precious metals. "Gold has fascinated mankind for thousands of years," says Bill Hionas. "It has been used by artisans since the fourth millennium BC to craft beautiful and intricate artifacts. Now it attracts demand not only from craftsmen and jewelers but from investors who are purchasing gold as a hedge against inflation or currency devaluation." There is considerable investment demand for gold from those investors looking for wealth generation and protection. Gold is durable and holds its value, unlike paper currencies that are only as good as the governments who issue them. Current concerns over national and international debt are driving investors towards gold and other precious metals and away from cash investments. Silver is often termed 'poor man's gold' as it provides a very accessible entry point into the precious metals market; trading at approximately 1/40 the price of gold. In times of economic crisis, silver can outperform gold as a safe-haven investment; in fact, silver has tripled in value over the last three years. Silver also sees extensive demand from industry. Platinum and palladium both have rarity value; ore sources are limited and there is demand both from the jewelry and the automotive industry, where they are used in the manufacture of catalytic converters. Due to its beauty and rarity, platinum was declared by Louis XV to be the 'only metal fit for a king'. 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. Website: http://www.billhionas.com; http://www.panamericanmetalsofmiami.com Press Contact Debbie Bailey Executive Administrator Pan American Metals of Miami, LLC Email: dbailey@investpanam.com Website: http://www.billhionas.com; http://www.panamericanmetalsofmiami.com Source: http://www.1888pressrelease.com/bill-hionas-explains-the-fascination-of-precious-metals-pr-324011.html |
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