Pan American Metals of Miami says Gold Still Reaching Fresh Highs in Wake of Credit Downgrade

Top Quote There is seemingly nothing that is likely to stop gold's meteoric rise. End Quote
  • (1888PressRelease) August 09, 2011 - MIAMI, FL - Gold continues to skyrocket, flirting with $1700 in Sunday evening's trading as the Dow lost over 300 points. While these kinds of gains may make people cautious regarding a possible correction, nevertheless analysts predict that gold is set to go still higher. It barely matters anymore what happens with the economy - gold is the favorite safe haven and whether there is inflation, deflation, or stagflation, it should still continue to go from strength to strength.

    In addition to debt woes on both sides of the Atlantic, fall is the Indian wedding season, when gold is in great demand for gifts and traders anticipate increased demand for gold bullion from India at this time. If there are any investors who have yet to take a position in gold, they would likely be well advised to wait for any coming correction and try to buy in a temporary dip.

    "Last week has seen some exciting action in the gold bullion market," says Bill Hionas of Pan American Metals of Miami. "Our clients are generally delighted with the performance of their portfolios."

    Standard and Poor's downgrading of the US' triple-A credit rating was made late Friday, August 5, after markets closed. Most analysts suggest impact will be fairly modest, especially in view of the fact that the other two major credit-rating agencies have not chosen to follow suit. Nevertheless it is sufficient to make investors extremely nervous. The tangible feel of precious metal provides an attractive insurance policy in an uncertain economical climate.

    Pan American Metals of Miami offers clients opportunities to buy gold bullion; both fully-funded and leveraged positions are available.

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