Pan American Metals of Miami says Gold Slated to Return to $1700

Pan American Metals of Miami says Gold Slated to Return to $1700
(1888PressRelease) Gold prices buoyed by European crisis.
(1888PressRelease) MIAMI, FL - The outlook for gold remains very positive for this week with
the vast majority of analysts predicting a rise in price due to the ongoing debt crisis in Europe.
The continuing sovereign debt crisis should be bullish for gold based on safe-haven demand as
long as Europe doesn't slide into recession, which would mean that inflation was no longer a
concern. Those analysts who predict stronger prices for gold this week suggest targets of $1700
or above.

"The European situation is at the forefront of everyone's minds at present," says Bill Hionas of
Pan American Metals of Miami. "While the economy is struggling, precious metals will benefit."

Angela Merkel and Nicolas Sarkozy have given themselves a three-week deadline to sort out the
crisis and get Greece back on track. Europe will need 'considerably in excess' of $100 billion
euros to satisfy the needs of the struggling economies.

Meanwhile, in the US, it seems that more and more people are hoarding gold bars and coins as
an insurance policy and many of them are keeping their gold bullion in their homes, sometimes
hidden or even buried. The philosophy is that gold should be within easy reach in case of any
emergency. In the past year, Americans have bought more than 100 tonnes of physical gold.

Pan American Metals of Miami deals in gold, silver, platinum and palladium. A team of
seasoned investors, traders and account executives is available to assist clients with their
precious metals bullion purchases.

About us:
Pan American Metals of Miami, LLC is a group of traders, investors and account executives 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.
Website: http://www.panamericanmetalsofmiami.com

Press Contact
Debbie Bailey
Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.panamericanmetalsofmiami.com

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