Bill Hionas says All Eyes are on the European Situation at Present

Top Quote Investors may be waiting for a resolution to the European situation. End Quote
  • (1888PressRelease) October 20, 2011 - MIAMI, FL - As far as the gold bullion market is concerned, all focus is on the ongoing European crisis. Many investors seem to be sitting on the sidelines, waiting to see how this scenario will play out and which way gold will eventually move.

    One would certainly assume that, as news from Europe deteriorates, gold's rightful place as the ultimate safe haven would be secure. Demand should increase and prices should rise. However, this does not seem to be happening just yet. Some investors are seeking to liquidate, preferring the dollar over the proven wealth protection offered by gold. In the event that there is any kind of viable, satisfactory agreement on recapitalization emerging from Europe this weekend, it will be interesting indeed to see what effect this has on the precious metals market.

    "Gold has provided a safe haven for investors for centuries," says Bill Hionas, who runs Pan American Metals of Miami, a precious metals brokerage operating in Miami Beach. "Historically, gold has held its value against almost any other commodity, particularly in times of economic turmoil."

    The white metals have also seen a marked increase in investment demand over the last decade. The intrinsic value of precious metals bullion makes it a unique financial instrument; these metals are valued for their beauty, rarity and functionality. Gold tends to be favored as a safe haven, since the white metals rely more heavily on industrial demand.

    Investors interested in taking a position in precious metals bullion, or adding to their current holdings, should contact the team at Pan American Metals of Miami for further advice.

    About Bill Hionas:

    Bill Hionas is CEO of Pan American Metals of Miami, LLC, 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.


    Press Contact

    Debbie Bailey
    Executive Administrator
    Pan American Metals of Miami, LLC
    Email: dbailey ( @ ) investpanam dot com

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