Precious metals offer a safe haven in times of economic crisis.
(1888PressRelease) August 19, 2011 - MIAMI, FL - Precious metals are becoming one of the most desirable of investments as global economic concerns cause investors to lose faith in an increasingly volatile stock market.
"Precious metals bullion is a unique financial instrument," says Bill Hionas who heads a seasoned team of brokers at Pan American Metals of Miami. "One is purchasing a true physical holding in a precious metal that has stood the test of time."
As news from around the world seems increasingly more dismal, the stock market has provided a wild roller-coaster ride this week for investors. Just when it appeared that the dust had begun to settle and the market was recovering, disappointing economic news from the US, combined with ongoing concerns about the euro, sent it into freefall again. Precious metals, gold in particular, offer a reliable safe haven for investors during a time of economic turmoil.
One can invest in gold by buying ETFs (Exchange Traded Funds), mining shares or bullion or coins. Of these, gold bullion is likely the preferred choice. Taking physical ownership of the gold offers reassurance and gold bars are always marketable at current values. Due to the high cost per ounce, storage is not a problem; $100,000 worth of gold weighs little over 3lb and can easily be accommodated in a home safe.
Precious metals have attracted mankind for millennia due to their beauty and rarity; in times of hyper inflation, gold has been the one proven investment in terms of holding its value.
PAMM's team of brokers, led by Bill Hionas, is available to assist clients with their bullion purchases. For more information please visit www.billhionas.info
About Bill Hionas:
Bill Hionas is CEO of Pan American Metals of Miami, LLC, a group of traders, investors and brokers who combine 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.