Palladium and Platinum Both Showing Gains as Consumer Confidence Returns says Pan American Metals of Miami

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Palladium and Platinum Both Showing Gains as
Consumer Confidence Returns says Pan American
Metals of Miami
(1888PressRelease) Palladium and Platinum Both
Showing Gains as Consumer Confidence Returns says
Pan American Metals of Miami Both metals
predicted to go into deficit in next few
years. Palladium and platinum were both making a
strong recovery today, October 6, following some
serious losses. Pan American Metals of
Miamishowed palladium at 602, up 29 and
platinum at 1511, up 33. Platinum is rarely
priced lower than gold and it is not unexpected
therefore, that it should be staging a comeback.
However, palladium's gains, percentage wise, are
extremely impressive. Standard Bank predicts that
palladium will be in deficit for the next few
years as demand continues to outstrip supply.
Platinum is also likely to see a deficit, though
perhaps a little later. Both metals have
considerable demand from the automotive sector
and sources are rare. Add to this the fact that
labor costs are generally far below what would be
reasonable and supply starts to be plagued with
uncertainty. At present prices, platinum is being
mined almost at a loss, a frightening situation
for producers. There is clearly considerable
motivation for suppliers to do what they can to
force the price back up, meaning that production
could slow down, setting the stage for a deficit
later, when prices have recovered. "We would
expect to see prices continuing to rise for the
platinum group metals as consumer confidence is
restored and demand from the automotive industry
increases," says Bill Hionas of Pan American
Metals of Miami. "Platinum is extremely rare and
generally trades at a premium to gold."
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From an investment point of view, the white
metals, like gold, have an intrinsic value, based
on their beauty, rarity and functionality. In
fact, investment demand in platinum and palladium
has risen exponentially over the last
decade. About us Pan American Metals of Miami,
LLC is a group of traders, investors and account
executives, 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.panamericanmetalsofmiami.com Press
Contact Debbie Bailey Pan American Metals of
Miami, LLC Email dbailey ( _at_ ) investpanam dot
com Website http//www.panamericanmetalsofmiami.c
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