Bill Hionas says Cultural Differences Affect Investment Preferences

Top Quote The way in which people choose to invest in gold or silver bullion or coins differs from country to country. End Quote
  • (1888PressRelease) November 07, 2011 - MIAMI, FL - In the giant emerging economies of India and China, gold is king. In India, gold jewelry and ornaments are the desired gifts for major festivals and Indian brides, at least those whose families or grooms can afford it, are festooned in gold jewelry on their wedding day. In China, gold is also highly important, signifying wealth and financial status; Chinese citizens, however, place greater value on authenticating their collectible gold to insure against fraud.

    Europeans, understandably cautious about the value of their currency, prefer the financial security of gold and silver bullion, hoping for a hedge against inflation and wealth protection. North Americans tend to feel likewise, though there is a strong interest in gold and silver collectible coins. Both the US and Canadian Mint have produced record numbers of collectible coins in the past year. South Americans, on the other hand, seem to prefer silver to gold.

    Meanwhile the central banks of several emerging economies are stockpiling gold bullion as rapidly as possible. For the average man in the street, silver may be more attractive due to its lower price point, though gold is clearly more portable in terms of weight in relation to value. The industrial metals tend to be less sought after for purposes of investment, wealth protection and status. Yet platinum is offering a perfect buying opportunity for bargain hunters at the moment.

    Regardless of cultural differences, gold and silver bullion and coins remain highly desirable; physical demand remains strong globally. Gold and silver bullion is tangible and reassuring to own at a time when paper currencies are proving less and less reliable.

    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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