Pan American Metals of Miami says Concerns Over Europe Remai

1. Pan American Metals of Miami says Concerns Over Europe Remain Despite Action by Central Banks (1888PressRelease) Concern over the future of the euro remain despite action by central banks. MIAMI, FL - This morning's action on the part of five major central banks and the Federal Reserve, coupled with separate action from the People's Bank of China served to boost gold and ease liquidity strains. However, the action did not provide a cure-all for the euro zone problems. A recession is looming in southern Europe, if it has not already arrived. The euro has lost all credibility and even this new move is unlikely to make investors rush to buy bonds from beleaguered countries in southern Europe. Bond yields for both Spain and Italy are close to unsustainable levels. Traditionally, gold benefits from economic crises but, on this occasion, gold has behaved like an equity and has risen and fallen along with the stock market instead of providing the safety hedge that investors have come to expect from the yellow metal. Gold's rise today only serves to strengthen this link. However, should the action by the central banks initiate inflation, then gold would definitely regain its safe-haven status, as its intrinsic value would provide the only safe refuge. "The fact that today's actions by the central banks, plus the Federal Reserve and the separate action by China, have caused gold to rise, simply reinforces the fact that gold is acting uncharacteristically, as if it were a risk asset rather than a safe haven," says Bill Hionas of Pan American Metals of Miami. "Concerns over the crisis in the euro zone have certainly not disappeared; those problems will not be solved easily and the future of the euro as a common currency remains uncertain." Pan American Metals of Miami trades in precious metals bullion: gold, silver, platinum and palladium. 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. Website: http://www.panamericanmetalsofmiami.com Press Contact

2. Debbie Bailey Executive Administrator Pan American Metals of Miami, LLC Email: dbailey ( @ ) investpanam dot com Website: http://www.panamericanmetalsofmiami.com source: http://www.1888pressrelease.com/pan-american-metals-of-miami-says-concerns-over-europe-remai-pr-354724.html