Silver Still a Sound Investment says Pan American Metals of Miami

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Silver Still a Sound Investment says Pan American
Metals of Miami
(1888PressRelease) Silver has performed well in
the long term. MIAMI, FL - Silver rose strongly
this week and has actually gained about 37 over
the year. Early in the year all the hype was
about silver silver would break through 50 and
reach 75 or even 100, everyone should be buying
silver, silver was the new 'get rich quick'
vehicle, etc. Not surprisingly, silver failed to
live up to the hype, falling quite dramatically
at the end of April. Since then, many investors
have backed off from silver, seeing it as too
volatile. As is the case with gold, however, we
have to consider the big picture. If you invested
in silver a year ago, you would be showing quite
a handsome profit now. As 'poor man's gold',
silver offers an accessible entry point into the
world of precious metals bullion investment. It
shares, to some extent, in gold's safe-haven
status while also experiencing considerable
industrial demand. This is arguably a 'win-win'
situation if the economy is strong then silver
benefits from the increased demand from industry,
if the economy falters, it benefits as a safe
haven. As the most affordable precious metal,
silver is also widely used for jewelry. "Silver
was the darling of investors earlier in the
year," says Bill Hionas, CEO of Pan American
Metals of Miami. "Then investors were frightened
off. However, silver is poised to rise and has,
in fact, performed very solidly since May." If
we look at the five-year chart for silver, gains
have been 250, an excellent ROI by anyone's
standards. In this year alone, silver has made
two attempts to breach 40 and even to reach 50.
It has, admittedly, not been able to maintain
these highs but nevertheless, it is currently
holding firm above 30 an ounce and forecasts for
the coming months are positive. About us
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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.panamerica
nmetalsofmiami.com Press Contact Debbie
Bailey Pan American Metals of Miami, LLC Email
dbailey ( _at_ ) investpanam dot com Website
http//www.panamericanmetalsofmiami.com Source h
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