Gold Gains As European Standoff Continues Says Pan American Metals Of Miami
(1888PressRelease) Gold regains safe-haven status as European crisis continues.
MIAMI, FL - Gold has consolidated, and improved on, the gains made yesterday as concern continues to grow that there may not be a satisfactory resolution of the European debt crisis. It appears that EU talks may be deadlocked; probably with regard to the amount of losses Greece's creditors should accept. It is now accepted that Greece's debt must be cut by at least 50%, preferably more, if a proposed solution is to be sustainable. Additionally, there is fear of contagion as economists see Greece's problems spreading to Italy. Italy is Europe's third largest economy and has a debt level of 120% of GDP, making it second only to Greece in terms of debt within the euro zone.
Given this situation it is not surprising that we are seeing a huge increase in safe-haven demand for gold bullion. Gold is now firmly above $1700, trading, at the time of writing, at $1725, a one-month high.
"We are not surprised to see investors turning to gold as a safe haven at this time," says Bill Hionas, CEO of Pan American Metals of Miami. "What was surprising was the fact that gold seemed to have lost its safe-haven status and was behaving uncharacteristically, moving in tandem with equities and with the euro. The current surge in demand is actually the more predictable pattern. With the ongoing concerns in Europe, and no quick resolution in sight, investors will naturally be searching for a safe haven and gold has always provided this."
Investors wishing to diversify into gold should contact the team at Pan American Metals of Miami for further information. PAMOM's team offers specialized advice tailored to each investor's specific needs.
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 dot com
Website: http://www.panamericanmetalsofmiami.com
Source:
http://www.1888pressrelease.com/gold-gains-as-european-standoff-continues-says-pan-american-pr-345665.html
by: Donald Hood
Physician Accountants Miami Pan American Metals Of Miami Says Gold Corrected Slightly But Still Shows Significant Gains Over The Spend Passover In Miami 3 Best Places Await Boarders Of Flights To Miami The Role Of Miami Immigration Lawyers In Situations Where People Are Facing Deportation Proceedings Pan American Metals Of Miami Takes A Quick Look At Recent History Greek Prime Minister Backs Down On Referendum Says Pan American Metals Of Miami Gold Rises Again On Safe-haven Demand Says Pan American Metals Of Miami Tips On How To Come Across The Top Miami Lawyers Why You Should Plan For Miami Holiday Packages Moving To The United States Involves Many Steps That A Miami Immigration Lawyer Can Assist You With People That Wish To Move To Miami For Good Could Surely Use The Help Of A Miami Immigration Lawyer Pan American Metals Of Miami Says Gold Is Already Rallying Following Earlier Slide
www.yloan.com
guest:
register
|
login
|
search
IP(216.73.216.110) California / Anaheim
Processed in 0.028515 second(s), 7 queries
,
Gzip enabled
, discuz 5.5 through PHP 8.3.9 ,
debug code: 32 , 2550, 592,
Gold Gains As European Standoff Continues Says Pan American Metals Of Miami Anaheim