Pan American Metals of Miami Cautions Investors Not to Forget About Silver
(1888PressRelease) Silver is out of the limelight but remains an attractive investment.
MIAMI, FL – Remember silver? That was the metal everyone was talking about earlier in the year. Just as the media focus is now almost exclusively on gold, back then it was on silver. Silver was skyrocketing; everyone should jump on the bandwagon before it was too late; silver would reach $50, then $60 or even $100. And silver did not disappoint, for a long while. Then silver slid quite drastically and almost as quickly slipped right off the media’s radar. However, silver rebounded and has been quietly, but relatively firmly, holding its ground for a good while now.
Is silver still a good investment? Undoubtedly. In fact, anyone who bought silver bullion at any point prior to its last dramatic rise – and fall – should still have made a fair profit. Silver looks to be holding firm at just above $40 an ounce. Even a small drop in the price of silver was enough to bring out the bargain hunters in force, resulting in a rise of 1.26% yesterday, September 13. This eagerness to buy also supports a positive long-term outlook for silver prices.
While silver shares some of gold’s safe haven attraction, it also sees a large amount of its demand coming from industry. This two-pronged demand helps to keep silver stable; indeed it is not showing the same volatility as gold at the present time. As ‘poor man’s gold’ it provides an attractive and accessible entry point into the precious metals bullion market and offers similar protection from inflation and other economic concerns. Yet, when the economy strengthens and there is growth in the industrial sector, which might not be so favorable for gold, silver still gains since demand from industry increases.
Pan American Metals of Miami, located in Miami Beach, deals in silver, gold, platinum and palladium bullion. Bill Hionas leads a team of seasoned investors, traders and brokers that is available to assist buyers with their bullion purchases.
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.
Press Contact
Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.panamericanmetalsofmiami.com
Source:
http://www.1888pressrelease.com/pan-american-metals-of-miami-cautions-investors-not-to-forge-pr-334917.html
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