Pan American Metals of Miami says Gold and Silver Still Strongly Supported as Safe Havens

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Pan American Metals of Miami says Gold and Silver
Still Strongly Supported as Safe Havens
(1888PressRelease) Silver could take off in the
near future. MIAMI, FL - Throughout history,
people have accrued gold and silver as the surest
form of wealth, and gold and silver bullion and
coins have acted in the role of safe haven,
successfully, for decades now. Yet a recent slide
in prices has cast doubt on the role of precious
metals. However, the market is finally seeing an
increase in physical demand for gold and silver
bars and coins as investors seek to protect their
wealth from the ongoing debt crises both in the
US and in Europe. Despite its dramatic fall
back in the spring, silver still has some pretty
impressive defenders. Eric Sprott, CEO of Sprott
Management and himself a billionaire, has
predicted prices as high as 1200 for silver and
12,000 for gold within the current decade.
Sprott has always insisted that precious metals
are cheap at today's prices and are set to go
through the roof. As recently as September,
Sprott stated in an interview that silver was the
'investment of the decade' and that a
continuation of the debt crisis, with
monetization of debt by central banks would drive
investors to the safe havens of gold and
silver. "Many people lost faith in silver after
its performance in the spring but there is no
doubt that silver still has some reputable
supporters," says Bill Hionas of Pan American
Metals of Miami. "Precious metals have an
intrinsic value that makes them far safer than
any paper currency." Pan American Metals of
Miami offers clients the opportunity to purchase
gold and silver bullion. Both leveraged and fully
funded positions are available.
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.
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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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