Pan American Metals Advises Investors on Continued Strength of Platinum and Palladium

MIAMI, FL, May 19, 2011 (Press-News.org) According to the Johnson Matthey report, 'Platinum 2011', published Monday, May16, there is every reason for investors to have confidence in platinum, as well as palladium, as a medium to long-term precious metal holding. The report shows that demand for platinum increased by 16% in 2010; resurgent growth in the automotive industry drastically reduced surplus supplies of platinum, leading the metal to close the year almost in balance. The company predicts an average platinum price of $1870 an ounce over the next six months.

Palladium also fared well, according to the Johnson Matthey report, with demand from the automotive industry increasing by 35%, thereby causing palladium supplies to go into deficit. The report predicts an average palladium price of $825 over the next six months, allowing for a significant increase from its current price of $717.

"The continuing demand from the automotive industry for both platinum and palladium reinforces their value, making them sound medium to long-term investments," says Bill Hionas, CEO of Pan American Metals of Miami (PAMOM). "There is additional demand for platinum from the jewelry sector, especially in China. Investors should see solid gains if they include these two metals in their portfolios."

While the media tends to focus on the rather more volatile gold and silver market, palladium and platinum quietly continue to provide respectable returns for investors. The publication of Johnson Matthey's 'Platinum 2011' Monday serves to reinforce the position of the two metals in the bullion market.

PAMOM trades in both palladium and platinum and the metals have held up well, despite the frantic trading of the last few weeks. Prudent investors, with an eye to a solid, long-term return on investment should definitely look to consolidating their holdings of platinum and palladium. PAMOM allows investors to hold physical bullion, whether in their own home or stored in a repository for safe-keeping.

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: invest@investpanam.com
Website: http://www.investpanam.com