Pan American Metals of Miami says Gold and Silver Provide a Safe Haven as EU Debt Crisis Spreads to Italy

Top Quote Investors run for safety as Italy follows in Greece's footsteps. End Quote
  • (1888PressRelease) November 07, 2011 - MIAMI, FL - Debt crises such as we have seen recently in Europe and, not so long ago, in the US also, eventually drive the demand for a safe haven and send investors scurrying to acquire gold and silver bullion. The biggest fear, for everyone outside of Greece, arising from the Greek fiasco, is contagion. Contagion in terms of financial crises is feared in much the same way as contagion related to a fatal virus. If one bank goes under, or one country goes bankrupt, then others may well meet the same fate. Italy has already caught the disease and Spain, Portugal and Ireland are all in danger also.

    All of this tends to be highly supportive of gold and silver as investors lose faith in paper currencies and scurry to the safe haven of precious metals bullion. Precious metals bullion is tangible and, to many, perceived as far more reliable than paper currency. As international situations change, almost on an hourly basis, prices can fluctuate wildly. The prudent investor, who is acquiring precious metals bullion to protect against economic uncertainty, will buy his / her bullion, store it safely and then sit back and watch it gain in value. This investor will not be concerned about the daily ups and downs of the market since s/he will not be looking for a quick sale or profit but for long-term protection.

    "Savvy investors have been stockpiling during temporary dips and will hold on to their precious metals bullion," says Bill Hionas of Pan American Metals of Miami. "Precious metals should be an essential component of every portfolio; they have stood the test of time and been proven to hold their value while fiat currencies are losing theirs."

    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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