Gold Forecast to Increase Further in Price Next Week due to Debt Concerns says Pan American Metals of Miami

Top Quote Outlook for gold is strongly bullish based on debt crisis in Europe. End Quote
  • (1888PressRelease) November 14, 2011 - MIAMI, FL - The outlook for gold in the coming week is described as the 'most bullish since 2004' by Bloomberg Businessweek as investors seek a tangible asset in light of the continuing debt crisis in Europe.

    "Gold has traditionally provided a safe haven in times of economic turmoil," says Bill Hionas of Pan American Metals of Miami. "Gold bullion has risen by 26% so far this year, outperforming virtually every other asset. Precious metals bullion has an intrinsic value which is highly attractive to investors who distrust paper currencies."

    Experts predict $1950 or even $2000 an ounce for gold by the end of the year, or the very beginning of 2012. During a volatile week in the markets, gold managed to remain comfortably above $1740, apparently meeting resistance on the downside at $1750, when bargain hunters rushed in. Meanwhile, silver hovered around the $35 mark while platinum rebounded to $1640 and palladium made sizeable gains to close over $660.

    Concerns that Europe's debt issues could spread globally are driving investors to seek a safe haven that is tried and trusted and gold has been proven for decades to hold its value. The white metals may fare less well if uncertainty in the market leads to reduced growth but present figures suggest renewed investment interest in these metals. Palladium, in particular, is benefiting from concerns about future supplies and has made significant gains in percentage terms.

    Pan American Metals of Miami has a team of experts available to assist investors with their precious metals bullion purchases. Both leveraged and fully funded positions are available.

    About us:

    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.


    Press Contact

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

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