(1888PressRelease) November 29, 2011 - MIAMI, FL - Throughout history, people have accrued gold and silver as the surest form of wealth, and gold and silver bullion and coins have acted in the role of safe haven, successfully, for decades now. Yet a recent slide in prices has cast doubt on the role of precious metals. However, the market is finally seeing an increase in physical demand for gold and silver bars and coins as investors seek to protect their wealth from the ongoing debt crises both in the US and in Europe.
Despite its dramatic fall back in the spring, silver still has some pretty impressive defenders. Eric Sprott, CEO of Sprott Management and himself a billionaire, has predicted prices as high as $1200 for silver and $12,000 for gold within the current decade. Sprott has always insisted that precious metals are cheap at today's prices and are set to go through the roof. As recently as September, Sprott stated in an interview that silver was the 'investment of the decade' and that a continuation of the debt crisis, with monetization of debt by central banks would drive investors to the safe havens of gold and silver.
"Many people lost faith in silver after its performance in the spring but there is no doubt that silver still has some reputable supporters," says Bill Hionas of Pan American Metals of Miami. "Precious metals have an intrinsic value that makes them far safer than any paper currency."
Pan American Metals of Miami offers clients the opportunity to purchase gold and silver bullion. Both leveraged and fully funded positions are available.
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.