Pan American Metals Of Miami Says Physical Demand For Gold Is Still Very Strong

(1888PressRelease) There has been a massive increase in demand for gold from central banks.

MIAMI, FL - Despite a somewhat disappointing week, there is still evidence of considerable physical demand for gold. The World Gold Council announced a 6% increase in demand for gold during the third quarter of 2011, despite record-breaking prices. Additionally, there was a 33% increase in investment demand compared to the same period last year.

Meanwhile, central banks are stockpiling supplies of gold as if it were going out of style. German Chancellor Angela Merkel reacted strongly to any suggestion that German's sizeable gold reserves should be used to help rescue Italy. Interestingly, Italy has a fair amount of gold reserves itself, and - so far - there has been no move to sell these in order to help that country's debt issues. It seems that the central banks, at least, are still considering gold bullion as a safe haven and insurance policy.

"As long as we see so much demand for gold bullion on the part of central banks, it is safe to assume that gold is still fulfilling its safe-haven role," says Bill Hionas, CEO of Pan American Metals of Miami. "Nations are buying gold as rapidly as possible and are clearly very reluctant to sell."

Pan American Metals of Miami offers investors opportunities to buy gold bullion. Both fully funded and leveraged positions are available and clients can take physical delivery or have their gold delivered to a nearby repository for safe keeping.

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/pan-american-metals-of-miami-says-physical-demand-for-gold-i-pr-351601.html

by: Donald Hood

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