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Platinum and Palladium also Show Strong Gains says Pan American Metals of Miami | |
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November 12, 2011 Platinum and palladium follow gold's rally. MIAMI, FL - As gold continues to rally and silver to hover, platinum and palladium are also faring well. Platinum appears to be chasing gold, gaining $18 today while palladium gained $15, to trade at $661. The platinum group metals are obviously affected more by the strength of the industrial sector but they also obey the laws of supply and demand and these are definitely working in their favor at the moment. Demand for palladium, for example, is expected to rise by almost 6% each year for the rest of the decade while supplies look to be threatened by 2015, if not sooner. "There is growing investment interest in the industrial metals," says Bill Hionas, CEO of Pan American Metals of Miami. "They do not react in the same way as gold, since their dependence on industrial demand makes them subject to the ups and downs of the economy. However, we have seen increases in car sales recently, particularly from the emerging economies of Asia and this has been reflected in increased demand for platinum and palladium." Pan American Metals of Miami showed gains in all four precious metals today, November 11, as gold rose against a sliding dollar and silver also made small gains. "Precious metals bullion is a unique financial instrument," says Bill Hionas. "It pays no dividends but has an intrinsic value that cannot be debased and has been proven to hold its value over time." PAMOM's team of experts is available to offer investment advice to clients wanting to diversify into precious metals. The team's advice is tailored to the specific needs of each individual client. 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/platinum-and-palladium-also-show-strong-gains-says-pan-ameri-pr-349687.html |
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