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Pan American Metals Of Miami Says Gold And Silver Will Benefit As Investors Lose Faith In Currencies | |
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November 28, 2011 European crisis spurs a loss of faith in the euro. MIAMI, FL - The problem with fiat currencies is in their name; they are based on faith, faith in the governments that back them. Unfortunately when a currency that relies on faith finds that faith has been lost, it has nowhere to go but down. As long as governments, whether in the US or Europe, see printing more money as the optimum solution to a nation's debt problems, no one will have any faith in paper currencies. At this point, gold and silver will become the most desired 'currency'. Neither the Federal Reserve nor the European Central Bank has completely ruled out quantitative easing. "In the US, we have a dollar that has significantly devalued in real terms," says Bill Hionas of Pan American Metals of Miami. "Gold and silver, on the other hand, hold their value against fiat currencies and have been proven to do so over decades, particularly in times of economic turmoil." Europe, meanwhile, is experiencing a fiscal crisis that may well prove impossible to solve. Rumors grow daily that the break-up of the euro zone may be imminent. In fact it is difficult to see a feasible way forward for Europe as an entity, with at least five member countries needing bailouts and suffering from severe deficits. These countries are only able to get loans at rates that make it virtually impossible for them to ever repay the money. The rapidly escalating crisis will drive investors towards gold and silver bullion for wealth protection and prices are likely to start trending strongly upward again, unless European leaders take strong, decisive, and immediate action. Currently there are few indications of this happening. 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. 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/pan-american-metals-of-miami-says-gold-and-silver-will-benef-pr-353980.html |
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