Pan American Metals of Miami says Financial World More Optimistic on Gold's Performance in 2012

Top Quote Market analysts and financial experts are becoming far more bullish towards gold as the yellow metal continues its strong New Year rally. End Quote
  • (1888PressRelease) January 07, 2012 - MIAMI, FL - Barclays Capital is now forecasting prices as high as $2200 an ounce for gold and $45 an ounce for silver during 2012. Barclays bases its gold forecast on three pivotal factors: economic uncertainty, fueled by ongoing sovereign debt issues; the continuing purchase of gold bullion by central banks and renewed investment demand. However, Barclays does warn that the price of gold could also drop below present levels at some stage during the year. Barclays also predicted more volatility for silver but suggested an average price of $32.50 in the coming year, with a high of $45.

    MKS Finance is also bullish on gold for the year, expecting it to hit record highs, and marginally bullish for silver while the LBMA predicted an average price of $1766 for 2012, some 10% higher than current prices.

    "The fundamentals have not changed and there is every reason to see healthy gains for both gold and silver bullion in 2012," says Bill Hionas of Pan American Metals of Miami. "Safe-haven buying is also emerging for gold."

    The mood, in general, has been far more positive than it was in late December and gold is continuing to climb back, closing Thursday at $1622 an ounce. Long-term investors should see excellent returns over the course of the year; some pullbacks are a necessary part of the cycle, it is the overall trend that is important. Investors who stay focused on the big picture will see value added to their portfolios.

    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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