Pan American Metals of Miami says Platinum may be the Metal to Watch

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Pan American Metals of Miami says Platinum may be
the Metal to Watch
(1888PressRelease) Platinum may be undervalued as
gold soars on safe-haven demand. MIAMI, FL -
While the world has its eyes focused on Europe
and the effect of the ongoing crisis on the price
of gold, platinum may well be being overlooked.
Something strange is happening with platinum at
the present time, it is trading significantly
lower than gold and has been for quite a while.
Nevertheless, this is an unusual occurrence.
Granted, platinum's dependency on the industrial
sector makes it more vulnerable to the strength
of the economy however, platinum is 30 times
rarer than gold and traditionally trades at a
premium to the yellow metal. Not since 2008 have
positions been reversed in this way. "Platinum
does seem to be undervalued at present," says
Bill Hionas of Pan American Metals of Miami.
"Historically, this is extremely unusual and it
is unlikely that this situation will last.
Platinum did make impressive gains last week and
is likely poised for a recovery." Platinum
demand is set to increase as demand from the
automotive industry grows while supplies are
threatened by increased production costs and
labor issues in South Africa and dwindling output
from Russia. In fact platinum has been making
steady gains, asking 1646 at the time of
writing. Gold is at 1779, approximately 8.5
higher than platinum platinum has been chasing
gold for a while, however. Pan American Metals
of Miami offers clients opportunities to purchase
precious metals bullion, gold, silver, platinum
and palladium. Investors wishing to add platinum
to their portfolio are encouraged to contact
PAMOM for further information.
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About us Pan American Metals of Miami, LLC is a
group of traders, investors and account
executives that combines 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 Executive
Administrator Pan American Metals of Miami,
LLC Source http//www.1888pressrelease.com/pan-a
merican-metals-of-miami-says-platinum-may-be-the-m
etal-pr-350196.html