Pan American Metals of Miami says Gold Still Worth Buying Analysts see gold continuing to go higher

Top Quote Analysts see gold continuing to go higher. End Quote
  • (1888PressRelease) August 12, 2011 - MIAMI, FL - Are you finding all the hype about gold is getting boring? Gold went up, new records were broken, the economy is in turmoil and so forth. It hardly seems worth turning on your computer each morning; it's just more of the same. What are the bets that tomorrow there will be some other economic issue, a further slide in the markets and yet more records broken by gold?

    Gold has been the safe place to put your money for decades and - if you bought gold bullion about three years ago - you are probably feeling very pleased with yourself right now. But is it worth buying gold now? Or is it too late with prices this high? The consensus seems to be that gold still has a way to go; estimates for a 'target' price for gold by the end of the year are rising daily also; latest estimates are 'at least $2000'. The fact is there are just so many factors supporting gold right now that, even if one or two of them changed overnight, there would still be sufficient support to keep gold prices buoyant.

    There are those who would suggest that gold is rising too fast and must be heading for a dramatic fall, perhaps in the way silver collapsed back in May. There may well be a pullback, but most analysts agree that the trend will remain bullish. To answer our earlier question, yes, you likely should buy gold; if it reaches $2000 in three or four months you will have made almost $200 on every ounce. Not as impressive as tripling your investment, but not too shabby either and definitely better than if you don't buy gold at all. On the other hand, if, or when, there is a correction in gold, then there will be great buying opportunities in the dip.

    Pan American Metals of Miami, under the leadership of Bill Hionas, can assist investors who wish to purchase gold bullion. PAMM offers both fully-funded and leveraged positions and clients have the option to take physical delivery of their bullion if they so choose.

    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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