Correction in Gold Price Presents Perfect Buying Opportunity says Pan American Metals of Miami

Top Quote Investors have been waiting for this correction to purchase gold bullion. End Quote
  • (1888PressRelease) August 25, 2011 - MIAMI, FL - Today, Wednesday August 24, saw a sharp correction in the gold price. This correction was anticipated and necessary. For those investors who wish to add to their gold bullion holdings there are two words of advice, buy now! Market analysts may vary in their predictions but it would be optimistic to assume that this correction is going to go significantly lower; this is the perfect buying opportunity. Investors could buy bullion now and sit back and watch their investment increase when gold makes its way back to $1900 or beyond.

    Could the price go lower still? Possibly, but it is not reasonable to assume that it would fall significantly lower. On the other hand, there is likely to be considerable buying activity at these prices, especially with the Indian wedding season upon us, so the current dip could be quite short-lived. The Bombay Bullion Association confirms that this kind of price fall is being used for purchasing as India heads into its main festival season. Central banks are still buying gold, yet another indicator that the trend remains bullish.

    The current gold price also results from margin hikes, profit taking and a fairly strong recovery in the stock market.

    "Those investors who may have thought twice about buying gold at the record-breaking high prices on offer earlier this week would be well advised to make purchases in this dip," says Bill Hionas, CEO of Pan American Metals of Miami. "Many savvy investors have been waiting for this correction before purchasing."

    Pan American Metals of Miami has a team of experienced account executives ready to assist clients wishing to purchase gold bullion.

    About us:
    Pan American Metals of Miami, LLC is a group of traders, investors and account executives 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.


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

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