Pan American Metals of Miami says Gold and Silver Rallying, Platinum may be a Bargain

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Pan American Metals of Miami says Gold and Silver
Rallying, Platinum may be a Bargain
(1888PressRelease) As gold rebounds strongly,
platinum to gold ratio falls further. MIAMI, FL
- It is possible that the recent rally in gold
may be further encouraged as President Obama
proposes new tax legislation that would ensure
the wealthy paid higher taxes. This is a move
that would likely be supportive of gold, as
historically higher taxes for wealthier citizens
have led to a bull market for gold bullion. Gold
rallied overnight based on bargain hunting, and
is now trading in the mid-1600s. Platinum has
not shared in gold's good fortune, with the
gold/platinum ratio falling again. Looking at
historical prices for precious metals bullion, it
is very unusual for gold to be trading higher
than platinum and the ratio has not been this low
since January 1992. This may mean that platinum
also attracts bargain hunters. Any investors who
have been waiting for dips to buy gold may want
to look at platinum also. Platinum is 30 times
rarer than gold and is supported by both
investment and industrial demand it is
traditionally considered more valuable than gold
and it is extremely unlikely that it will remain
priced below gold for very long. Silver, on the
other hand, has rebounded along with gold both
metals have seen the biggest rise in price since
March 2009. Silver tends to benefit more from
investment demand than the platinum group metals
due to its role as 'poor-man's gold'.
Additionally as stocks also rally and optimism
begins to return, silver is likely to benefit
from increased industrial demand. "Investors
looking for bargains would be well advised to buy
now," says Bill Hionas of Pan American Metals of
Miami. "The market is rebounding strongly and
these lower prices will not last long."
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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. Website http//www.panameric
anmetalsofmiami.com Press Contact Debbie
Bailey Executive Administrator Pan American
Metals of Miami, LLC Email dbailey ( _at_ )
investpanam dot com Website http//www.panamerica
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