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Gold Strongly Supported by Macroeconomic Factors and Physical Demand says Pan American Metals of Miami | |
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October 06, 2011 Safe haven options are running out for investors; gold will remain the most popular choice. MIAMI, FL - Ongoing uncertainty in Europe should continue to prop up gold prices, which settled a little overnight, following a strong rally Monday. A weak euro, encountering persistent debt issues, should be supportive for gold, but could also be supportive for the US dollar, which could counteract the effect. Gold rebounded Monday, pushed upward by a wave of bargain hunters taking advantage of the relatively low price and it is possible that this too will continue, for as long as the price seems attractive. There is also strong physical demand for gold bullion at present; however, the main supporting factor is likely to be safe-haven demand. The simple truth is that there are few viable alternatives to gold, and possibly other precious metals bullion, when investors are looking for a safe haven. Confidence in fiat currencies is waning fast, particularly when the solution to sovereign debt issues seems to be to continue printing more and more money. Whatever the long-term outlook for the euro may be, while governments keep pouring more money into the system, gold will continue to increase in value. "Gold is currently being supported both by macroeconomic factors and by strong physical demand," says Bill Hionas, CEO of Pan American Metals of Miami. "The corrections we have seen recently were anticipated and have been factored into forecasts from market experts. Investors seeking a safe haven will always want the tried and tested reassurance of owning gold bullion." Pan American Metals of Miami, situated in Miami Beach, trades in precious metals bullion and has a team of seasoned traders, account executives and investors available to assist and advise clients on their bullion purchases. About us: Pan American Metals of Miami, LLC is a group of traders, investors and account executives 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.panamericanmetalsofmiami.com Press Contact Debbie Bailey Executive Administrator Pan American Metals of Miami, LLC Email: dbailey@investpanam.com Website: http://www.panamericanmetalsofmiami.com Source: http://www.1888pressrelease.com/gold-strongly-supported-by-macroeconomic-factors-and-physica-pr-340316.html |
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