As precious metals start to recover, bargain hunters should look at platinum.
(1888PressRelease) September 29, 2011 - MIAMI,FL - Following last week's panic in the wake of the Federal Reserve's downgrade of the US economy, consumer confidence is rallying noticeably and precious metals prices are rallying also. The recent, rather spectacular, slide led to excellent buying opportunities for those investors who refused to panic and kept their eyes focused on the bigger picture; they should be congratulating themselves on picking up quite a bargain as they now watch prices rise again.
For investors who may have been too nervous, or too slow, the ongoing bargain may be platinum. Platinum is trading much lower than gold, a position that is historically unusual and arguably will not last for too long.
Silver is also sharing in gold's rally and likely to show good returns.
Bill Hionas runs Pan American Metals of Maimi, a precious metals brokerage located in Miami, Florida and trading in precious metals bullion: gold, silver, platinum and palladium. "Savvy investors will have been delighted with the bargains on offer over the last couple of days," says Bill Hionas. "Now we are seeing signs of a strong rally in both gold and silver, while platinum is still offering a potential bargain."
Despite a small increase in consumer confidence, there is still considerable concern about the state of the economy, both in the US and Europe. Additionally, it should be remembered that the rebound in gold and silver simply means we are still on the roller coaster, just on a climb right now. Investors should be aware that corrections will still occur; it will likely not be a straight run up to the top. However, the overall direction will remain upward and occasional dips, small or large will offer buying opportunities. Market experts are still focused on gold reaching $2000 an ounce by 2012.
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.