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Bill Hionas says Platinum May be a Real Bargain

(1888PressRelease) The platinum / gold ratio is historically unusual.

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Bill Hionas says Platinum May be a Real Bargain

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  1. Bill Hionas says Platinum May be a Real Bargain (1888PressRelease) The platinum / gold ratio is historically unusual. MIAMI, FL - The current situation regarding the platinum / gold ratio is interesting. Never in recent history has gold traded at such a high premium to platinum, which is not only far rarer than gold but also has more industrial uses, including the jewelry industry. Platinum is considered a noble metal since it has no chemical reactivity and was described by Louis XV as the 'only metal fit for a king'. Gold's attraction, on the other hand, is in its intrinsic value and its historic success as a safe haven. However, recent volatility in the market has scared away some safe-haven investment. Investment interest in the industrial metals has increased significantly over the last decade and platinum may well be ready to stage a comeback to its, arguably, rightful position in relation to gold. Additionally, encouraging figures from the auto industry suggest that we may soon see higher demand for the platinum group metals while supplies are coming under increasing pressure. At current prices, platinum could certainly represent a true bargain. "Platinum bullion is relatively cheap at present," says Bill Hionas. "It traditionally trades at a premium to gold and it is unlikely that it will continue for long at its current level." Platinum will generally trade higher than gold when the economy is thriving while gold gains dominance during times of uncertainty. Platinum's wide range of industrial uses also supports demand when the economy is healthy and the industrial sector is experiencing growth. Long-term forecasts by market analysts continue to be very optimistic for platinum going into 2012; at the current price it may very well be a bargain too good to miss. About Bill Hionas:

  2. Bill Hionas is CEO of Pan American Metals of Miami, LLC, 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. Website: http://www.billhionas.com; http://www.panamericanmetalsofmiami.com Press Contact Debbie Bailey Executive Administrator Pan American Metals of Miami, LLC Email: dbailey ( @ ) investpanam dot com Website: http://www.billhionas.com; http://www.panamericanmetalsofmiami.com Source: http://www.1888pressrelease.com/bill-hionas-says-platinum-may-be-a-real-bargain-pr-347649.html

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