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(1888PressRelease) Wall Street reported its worst quarter since the 2008 crisis, not an encouraging picture for the US economy.
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Pan American Metals of Miami says Prudent Investors Should be Transferring Assets to Gold as (1888PressRelease) Wall Street reported its worst quarter since the 2008 crisis, not an encouraging picture for the US economy. MIAMI, FL - Concerns about slow growth in the US, combined with the ongoing sovereign debt issues in Europe, are causing investors to sell off what they see as riskier assets in a rush to liquidate. Savvy investors should be transferring the funds they had in the riskier commodities into gold bullion, which has outperformed other assets in every major financial crisis in the past few decades. As a safe haven, gold has been put to the test many times and has always come through strongly. However, if one needs to raise money to cover losses elsewhere, then selling the best-performing asset may seem to make good sense. As a result there has been a fair amount of profit taking when gold prices have been high. Some investors may also have been scared off by the recent volatility in the gold market. "Volatility can be off-putting for investors," says Bill Hionas, CEO of Pan American Metals of Miami. "It suggests uncertainty and makes them question gold's safe-haven status. However, a quick look back through recent history shows that gold has come through every time, offering the best wealth protection there is." It seems likely that trading in gold will continue to be choppy for some time; however, most analysts concede that the fundamentals underpinning gold are strong and that 2012 will see a strong rally in prices.
Gold bullion is also being supported by strong seasonal demand from Asia, while silver is also poised to rally, based on both investment and industrial demand. Wall Street may be suffering but the emerging economies are growing rapidly, fueling demand for new cars and therefore for the platinum group metals. 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: 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-prudent-investors-should-b-pr-344288.html