MIAMI, FL, May 24, 2011 (Press-News.org) Of all the precious metals, gold is arguably the most popular, with a long history of being a reliable resource in any time of crisis. For centuries many currencies were backed by gold. There have been rumors recently that the US government may sell off some of its gold supplies to reduce its debt. These rumors have spawned a number of articles pointing out the extreme inadvisability of such a move.
Warren Bevan, in his 'Precious Metal Stock Review Newsletter 'of May 18, points out that - even if the US owns all the gold it claims to - selling it would only cover the debt for 64 days. Clearly as a strategy for debt reduction this makes about as much sense as selling the household furniture to pay off your credit card. In fact Gordon Brown, when Chancellor of the Exchequer of the UK, notoriously did exactly that, selling off 60% of the UK's gold reserves ten years ago - at historically low prices, a disastrous move by anyone's reckoning. Warren Bevan suggests that the next super power will be the nation with the most gold. So what should the average investor take from this? Gold will never cease to have value, a value that provides a hedge against any devaluation in currency. If governments should hold on to their gold reserves at any price, then maybe that is not bad advice for individual investors also.
"Precious metals bullion is a unique financial instrument," says Bill Hionas of Pan American Metals of Miami. "Investors are purchasing a true physical holding in a precious metal.... an item that has held the test of time."
Certainly the bullion market has been comparatively volatile over the last few weeks, and there has been profit-taking on the part of some investors. Nevertheless, the outlook remains strong; in fact, the first quarter of the year showed demand for gold 11% up from the same period last year, with demand from the jewelry industry rising 7%. At the same time, total global supply declined.
Pan American Metals showed gold at $1494 an ounce Thursday, marginally below the $1500 benchmark.
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.panamericanmetalsofmiami.com
Press Contact
Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: dbailey@investpanam.com
Website: http://www.panamericanmetalsofmiami.com
Pan American Metals Advises "Gold is Worth Holding On To" Pan American Metals of Miami
Gold has stood the test of time over centuries; experts agree that selling is generally inadvisable for governments and individual investors alike.
2011-05-24
ELSE PRESS RELEASES FROM THIS DATE:
LateRooms.com - Head to Cornwall for Motown and Philadelphia on Tour
2011-05-24
Motown and Philadelphia on Tour will be stopping off at the Hall for Cornwall in June for a spectacular show full of hits.
Roy G Hemmings leads the action and will no doubt have much of the audience out of their seats and dancing at several points of the night.
Music by The Temptations, The Supremes and The Four Tops will give people the chance to appreciate songs they may not have heard in decades.
In a statement, the organisers said: "The hits and memories just keep on coming as multi-award winning Roy G Hemmings and his 15 performers stage a full evening ...
LateRooms.com - Rock Around the 60s Takes Norfolk Back in Time
2011-05-24
Music fans can step back in time with the Rock Around the 60s show at Gorleston Pavilion Theatre in Norfolk next month.
The concert takes place on Friday June 3rd and will feature a set by The New Honeycombs, who will play a varied programme of tracks from the decade, including a selection of songs by the band they are named after.
In a statement, the venue explained: "The New Honeycombs toured the UK with one of the original founder members of The Honeycombs and are now on tour in their own right, recreating the sounds of the 60s and reflecting The Honeycombs' ...
LateRooms.com - See Landscape of Myths and Legends in Prague
2011-05-24
Landscape of Myths and Legends opened in Prague's DOX this week and will be on show until June 30th 2011.
The collection of photography explores the natural wonders of Tibet through artist Jaroslav Poncar's lens.
He has captured how varied and beautiful the country's landscapes are, with the sense of the spiritual and supernatural never far away.
According to the venue, one of the focus points of Poncar's study was the original Tibetan religion of Bon, which existed in the nation before the arrival of Buddhism.
In a statement, the organisers said: "Jaroslav ...
LateRooms.com - B2Run Dusseldorf 2011 to Take Place in July
2011-05-24
People taking part in the B2Run Dusseldorf 2011 event will be entering into the final straight of their training programmes, as the challenge takes place on July 7th.
It is part of a wider B2Run series of races organised in a number of German cities, including Dortmund, Hanover, Hamburg and Munich, with the aim being to reach the grand final in Berlin in September.
Even if participants do not qualify for the finals, there will be certificates and medals handed out and some of the proceeds go to charity.
Last year, more than 2,000 people took part in the Dusseldorf ...
Short Sales Course Offered by Texas Real Estate School
2011-05-24
The Texas real estate school of Spencer Training (also known as Spencer School of Real Estate) is providing a new class on short sales and foreclosures. It addresses all the topics that real estate agents need in order to work with a bank on a short sale transaction. The class is a 15 hour MCE Certified Foreclosure Course and participants get a CFS designation.
The course is a short, but thorough education about real estate's newest trend: the short sale and foreclosure. "With today's economy, all Texas real estate agent schools must educate their students about ...
AsiaRooms.com - Enjoy the Fraser's Hill International Bird Race in Malaysia
2011-05-24
The Fraser's Hill International Bird Race is set to take place in Pahang on Saturday June 25th and Sunday June 26th.
People familiar with the Malaysian mountain resort may be aware of its reputation as a birdwatcher's paradise, with roughly 250 wild species living in the vicinity.
The annual bird race, which is now in its 24th year, gives enthusiasts a chance to compete against each other by spotting and correctly identifying as many birds as they can.
People entering the competition this year will be placed into one of three categories: advanced, novice or local.
The ...
AsiaRooms.com - Namsang Million Person Walking Festival to Conclude in Seoul
2011-05-24
The third and final session of the Namsang Million Person Walking Festival will take place in Seoul next month.
With the first two occasions held in April and May, the concluding chapter of this incredible event is scheduled for June 11th 2011.
It sees thousands of people at a time walking a 7.5 km route from Namsang Fountain Square. The festival is free to take part in, but people must sign up online.
The National Theatre of Korea and Seoul City Hall are just two of the sights people can see on the route.
If attendees are lucky, they may catch sight of the ...
AsiaRooms.com - Pattaya Marathon Just Around the Corner
2011-05-24
There is not long to go until runners take their places on the Pattaya Marathon starting line, with the race scheduled for July 17th 2011.
Starting and finishing at Pattaya Beach Road, the challenge offers participants a beautifully scenic route along the coast.
In order to beat the daytime heat the event normally begins at about 04:30 local time, giving runners a chance to complete a significant amount of the course before the sun is high in the sky.
However, such is the excitement in the city regarding the marathon, there is normally a huge number of people lining ...
London Wedding Photographer Introduces Environmentally Friendly Albums to Their Range
2011-05-24
London wedding photographers Matt Foden Photography, based in Croydon, UK, have introduced a new album range to their line up. The album, manufactured by Yorkshire-based suppliers Folio Albums, are sourced from local suppliers and use recycled fine art papers and sumptuous vintage leather covers.
The introduction of this new album range have enabled Matt Foden Photography to meet an increasing demand from customers for innovative, luxury albums with a difference. Commenting on this new range owner Matt Foden said, "Clients in the wedding industry are becoming increasingly ...
Stem Cells Growing Like Weeds! Stem Cells from Developing Tooth Buds Offer a Second Chance to Invest and Store Stem Cells if Umbilical Cord Blood Was Not Banked. Stem Cell Therapies are Expanding
2011-05-24
We currently have an oral surgeon in A Northern Chicago Suburb and one in New York to do collections but are beginning negotiations with a surgical group that is in 30 cities across the U.S.
Stem Cells from Developing Tooth Buds can be the Answer to a Prayer or a Fountain of Youth. Stem Cells from Tooth Buds are an Ethical Alternative to Embryonic Stem Cells for Therapy. New Heart Foundation founder Dr Wayne Franco believes that stem cells from developing tooth buds may be the key to treating autism, brain trauma, hypoxic brain injuries and stroke. These priceless cells ...
LAST 30 PRESS RELEASES:
Building better biomaterials for cancer treatments
Brain stimulation did not improve impaired motor skills after stroke
Some species of baleen whales avoid attracting killer whales by singing too low to be heard
Wasteful tests before surgery: Study shows how to reduce them safely
UCalgary researchers confirm best approach for stroke in medium-sized blood vessels
Nationwide, 34 local schools win NFL PLAY 60 grants to help students move more
New software developed at Wayne State University will help study chemical and biological systems
uOttawa study unveils new insights into how neural stem cells are activated in the adult human brain
Cystic fibrosis damages the immune system early on
Novel ‘living’ biomaterial aims to advance regenerative medicine
Warding off superbugs with a pinch of turmeric
Ophthalmic complications in patients on antidiabetic GLP-1 medications are concerning neuro-ophthalmologists
Physicians committee research policy director speaks today at hearing on taxpayer funded animal cruelty
New technology lights way for accelerating coral reef restoration
Electroencephalography may help guide treatments for language disorders
Multinational research project shows how life on Earth can be measured from space
Essential genome of malaria parasite Plasmodium knowlesi mapped
Ice streams move due to tiny ice quakes
Whale song has remarkable similarities to human speech in terms of efficiency
Uncovered: How mice override instinctive fear responses
A pathway that contributes to insulin resistance can be targeted, mouse study shows
Special Issue: The cryosphere
Scientists discover brain mechanism that helps overcome fear
Mantis shrimp clubs filter sound to mitigate damage
Large differences in water-seeking ability found in U.S. corn varieties
Whale song has structure similar to human language
Cracking the Burmese python code: New data zeroes in on game-changing strategies
Risk it or kick it? Study analyzes NFL coaches’ risk tolerance on fourth down
UC3M patents a new design for a soft robotic joint that is more adaptable and robust
Nutrition labels meant to promote healthy eating could discourage purchases
[Press-News.org] Pan American Metals Advises "Gold is Worth Holding On To" Pan American Metals of MiamiGold has stood the test of time over centuries; experts agree that selling is generally inadvisable for governments and individual investors alike.