Precious Metals Show Gains On Weaker Dollar And Renewed Confidence In European Economy Says Pan

(1888PressRelease) Gold rallies strongly on favorable reports from Europe.

MIAMI, FL - All the precious metals traded significantly higher again today on a weaker dollar and more encouraging news from Europe. Belief that a viable plan to recapitalize European banks is in place has lent support to the stock market and to gold also. A weaker US dollar also makes gold more affordable in other currencies and therefore helps buoy prices.

Investors, brokers and fund managers, who may have been frightened away from gold when it tanked spectacularly in late September, are moving back into gold, suggesting renewed confidence in precious metals and in gold, especially, as a safe haven. With an asking price for gold, at the time of writing, of around $1680, predictions of $1700 start to look easily achievable.

"Gold's volatility has made a lot of investors nervous," says Bill Hionas of Pan American Metals of Miami. "However, in the medium to long term, gold continues to outperform almost any other asset, providing a perfect insurance policy that will shield investors from potential losses elsewhere."

Certainly, if investors buy gold bullion - and hold on to it - they should definitely be seeing substantial returns on their investment. The key is not to liquidate ones precious metals bullion holdings as soon as a perceived emergency occurs but rather to hold on to them, preserving them as long-term insurance against inflation or even losses from other investments. Prudent investors are diversifying into precious metals and increasing their bullion holdings whenever there is a dip in price. Over time, gold has proven its worth repeatedly.

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

Pan American Metals of Miami, LLC

Email: dbailey ( @ ) investpanam dot com

Website: http://www.panamericanmetalsofmiami.com

Source:

http://www.1888pressrelease.com/precious-metals-show-gains-on-weaker-dollar-and-renewed-conf-pr-342283.html

by: Donald Hood

POST COMMENT

Investment And Development Led Disjointed Uncertainty And The Cloud Outsourced Bookkeeping - Convenience And Cost-effectiveness Top Barbados Hotels And Resorts Attractions And Luxury Accommodation For A Memorable Stay In Gippsland A Luxury Accommodation Provides Luxurious Bed And Bathroom Mining Plant Machines Used Mineral Solution And Recycling Plant Vesti My Spouse And I Tuoi Figli Scam My Spouse And I Bambini Moncler Corvette Service Offers Custom Corvettes Repairs And Used Corvettes Participation In Indian Festivals And Fairs Provides Joy Feel Relaxed And Refreshed With Spa Massage In A Luxury Accommodation Do You Have Any Idea Of Some Vitamins And Minerals Helps Prevent Breast Cancer? Bed Sheets And Pillows Quality Matters