Prudent Buyers Own Gold for Long-Term Investment says Pan American Metals of Miami

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Prudent Buyers Own Gold for Long-Term Investment says Pan American
Metals of Miami

(1888PressRelease) Slight pullback in gold price following another record-breaking high.
(1888PressRelease) MIAMI, FL - The price of gold saw a slight correction today; this was
hardly unexpected and came only after gold broke through $1900, yet another all-time high in a
week or more of broken records. So why the correction now? To a large extent one can blame
the speculators. These investors do not want to own gold bullion or gold coins as insurance
against an uncertain economic future; they want to make a quick profit. When any commodity
rises in price as rapidly as gold has recently, some investors see the opportunity for profit taking
and there will inevitably be some sell off.

Additionally there has been some slightly reassuring economic news; better than anticipated
manufacturing data from China and Germany boosted stock prices, which tends to cause a
corresponding drop in the level of safe haven investments such as precious metals.

Market analysts suspect that any significant drop in price will provide a buying opportunity
which will, of course, help to push the price back up again. Certainly there are many investors
just waiting for a correction so that they can 'buy the dip'.

"Prudent investors tend to regard precious metals bullion as a medium- to long-term investment,"
says Bill Hionas of Pan American Metals of Miami. "They are looking to protect themselves in
the event of currency devaluation, inflation or even a total economic collapse; they are not
necessarily interested in quick profits but want the reassurance of knowing they own an actual
precious metal that will hold its value."

Pan American Metals of Miami trades in gold, silver, platinum and palladium bullion.

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. PAMM 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
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