Pan American Metals is Pleased to Report a Continued Upward Swing in Gold, Silver and Precious Metal Values

    MIAMI, FL, April 23, 2011 /24-7PressRelease/ -- Pan American Metals of Miami (PAMOM) is delighted to report that the price of gold, silver and other precious metals is continuing on its strong upward trend. On April 20, gold pushed through the psychological barrier of $1500 an ounce, maintaining this price for the most part despite extensive trading and profit-taking. While this rise is partly fueled by the weakening US dollar, analysts feel that, given the disappointing economic situation in both the US and Europe, there is a strong probability that gold will maintain this price, or even rise further. On the same day, silver reached a 31 year high in global markets.

Silver has been rising even faster than gold and is rapidly pushing towards $50 an ounce. Some analysts are predicting that the price of silver could eventually reach as high as $200 an ounce. Relative to gold and other metals, silver is comparatively cheap to buy, making it also attractive to smaller investors. Platinum and palladium echo the rise in value of gold and are similarly providing investors with excellent returns.

"Precious metals are currently reaching levels that would have been unheard of only six months ago," says Bill Hionas, CEO of PAMOM. "Investors are leaning strongly towards owning gold and silver as a hedge against inflation and weakening currencies in the US and Europe."

As precious metals continue their upward swing and remain the safe haven of choice for investors, Pan American Metals offers investors the opportunity to own physical bullion, either in their own hands, or in a repository. As currency values dwindle and inflation fears rise, precious metals have to be a very attractive proposition for many investors worldwide.

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. PAMOM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.
Website: http://www.investpanam.com

Press Contact
Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: [email protected]
Website: http://www.investpanam.com

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