Pan American Metals Of Miami Says Gold Will Benefit From Re-emerging Concerns About The Us Economy
(1888PressRelease) Gold will triumph over dollar when focus returns to US deficit.
MIAMI, FL,It may be only a matter of time before the focus turns away from debt-troubled Europe and back to the debt-troubled US. The debacle over the possibility of default and the downgrading of the nation's credit may have faded into the background as Europe's troubles have taken center stage but the problems have not gone away. As the deadline approaches, there is apparently little sign of a satisfactory agreement as to how to deal with the budget deficit. When focus is turned back on the US, the dollar will start to look less appealing and gold will re-emerge as the favored safe haven.
Gold has been edging, very slowly, downward against a rising dollar as concerns about the debt issues in Greece and Italy have been in the spotlight. Normally, fear about the economic situation in Europe would be expected to drive up the price of gold but, instead, investors have been looking to the US dollar for a safe haven. If the debt crisis in the US re-emerges, this could change very quickly.
"Gold is definitely behaving out of character at present," says Bill Hionas of Pan American Metals of Miami. "However, if the focus returns to the US deficit or if the Federal Reserve suggests a further round of quantitative easing, then we could see gold soar."
Investors interested in taking a position in gold bullion should contact the investment team at Pan American Metals of Miami for further information.
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.
Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
by: Donald Hood