Pan American Metals of Miami says Gold and Silver Provide a Safe Haven as EU Debt Crisis Spreads to Italy

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Pan American Metals of Miami says Gold and Silver
Provide a Safe Haven as EU Debt Crisis Spreads to
Italy
(1888PressRelease) Investors run for safety as
Italy follows in Greece's footsteps. MIAMI,Debt
crises such as we have seen recently in Europe
and, not so long ago, in the US also, eventually
drive the demand for a safe haven and send
investors scurrying to acquire gold and silver
bullion. The biggest fear, for everyone outside
of Greece, arising from the Greek fiasco, is
contagion. Contagion in terms of financial crises
is feared in much the same way as contagion
related to a fatal virus. If one bank goes under,
or one country goes bankrupt, then others may
well meet the same fate. Italy has already caught
the disease and Spain, Portugal and Ireland are
all in danger also. All of this tends to be
highly supportive of gold and silver as investors
lose faith in paper currencies and scurry to the
safe haven of precious metals bullion. Precious
metals bullion is tangible and, to many,
perceived as far more reliable than paper
currency. As international situations change,
almost on an hourly basis, prices can fluctuate
wildly. The prudent investor, who is acquiring
precious metals bullion to protect against
economic uncertainty, will buy his / her bullion,
store it safely and then sit back and watch it
gain in value. This investor will not be
concerned about the daily ups and downs of the
market since she will not be looking for a quick
sale or profit but for long-term
protection. "Savvy investors have been
stockpiling during temporary dips and will hold
on to their precious metals bullion," says Bill
Hionas of Pan American Metals of Miami. "Precious
metals should be an essential component of every
portfolio they have stood the test of time and
been proven to hold their value while fiat
currencies are losing theirs."
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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 ( _at_ ) investpanam dot
com Website http//www.panamericanmetalsofmiami.c
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