Pan American Metals of Miami Says Investors Should Not be Concerned over Minor Dips in the Market

Top Quote Temporary dips in price are a normal part of investment cycle. End Quote
  • (1888PressRelease) August 05, 2011 - MIAMI, FL - There was an understandable, and anticipated, slide in the price of gold and silver August 4 as the stock market fell sharply, forcing some investors to take profits in gold and silver in order to cover losses elsewhere. Investors should be reassured that both metals are still sitting at levels far higher than a few weeks ago. Some correction was inevitable but the main factors supporting gold and silver have not changed. The risk of debt contagion from Europe remains high and safe-haven demand for gold and silver should continue to be high also.

    Both the Swiss franc and the Japanese yen have served as safe-haven investments in a similar way to precious metals but both countries have found their currencies trading at too high a value, thus hurting exports and having a deleterious effect on growth. As a result, the Swiss central bank has lowered interest rates and Japan responded today by selling yen, pushing up the price of the dollar. These are understandable moves, a strong currency always has a downside in terms of exports, but options for safe investments and wealth protection are beginning to run out, leaving gold and silver looking even more attractive.

    "Temporary dips in the price of gold and silver should not be of great concern to the prudent investor," says Bill Hionas of Pan American Metals of Miami. "These corrections are part of the normal cycle; nothing much has changed and the overall trend for gold and silver is still bullish. We anticipate seeing $1700, and higher, for gold in the near future."

    Bill Hionas leads an experienced team of investors and brokers at Pan American Metals of Miami. PAMM offers clients opportunities to buy precious metals bullion; both fully-funded and leveraged positions are available. Interested investors should contact Pan American Metals of Miami for further information.

    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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