%20Some%20physical%20buying%20has%20taken%20place%20due%20to%20low%20prices.MIAMI,%20FL%20-%20Lower%20gold%20prices%20have%20triggered%20some%20buying%20by%20bargain%20hunters%20although%20the%20market%20remains%20cautious%20following%20the%20ongoing%20concerns%20over%20the%20European%20debt%20crisis.%20For%20those%20who%20feel%20that%20the%20price%20of%20gold%20bullion%20will%20increase%20in%202012,%20today's%20prices%20offer...){kind=link}
Pan American Metals Of Miami Says Investors Remain Cautious About Gold, Despite Some Physical Buying
(1888PressRelease) Some physical buying has taken place due to low prices.
MIAMI, FL - Lower gold prices have triggered some buying by bargain hunters although the market remains cautious following the ongoing concerns over the European debt crisis. For those who feel that the price of gold bullion will increase in 2012, today's prices offer a true bargain, a perfect buying opportunity.
While there has been some buying, the overall atmosphere in the market is one of caution as many investors wait for the outcome of today's meeting of the Federal Reserve and also watch for year-end trading. Fund managers may also be under pressure to sell gold, one of the best-performing assets, either to cover losses or to show a profit by the end of the year.
"We are not likely to see a dramatic move in the price of gold before the end of the year," says Bill Hionas, CEO of Pan American Metals of Miami. "However, many experts are predicting sizeable gains in 2012. This would mean that the current price is a real bargain, one that savvy investors will be taking advantage of."
Despite the recent volatility, gold has risen around 18% over the year as a whole, outperforming almost any other asset. Any hint from the Federal Reserve of a further round of quantitative easing could easily push the price of gold over $2000 next year, representing a further gain of 20% or more. As paper currencies become devalued, the intrinsic value of precious metals is more appealing to investors. There may well be profits to be made from gold in the coming year but, ultimately, owning gold bullion provides insurance and investors should aim to hold on to their bullion holdings.
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-investors-remain-cautious-pr-358206.html
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