Bill Hionas says High Prices for the Platinum Group Metals Set to Continue for Next Decade |
| September 06, 2011 | September 2011 Bond Updates |
|
The CPM group has predicted 'historical' highs for PGMs for next ten years. (1888PressRelease) MIAMI, FL - The platinum group metals are being predicted to reach, and retain, historical highs for the next decade - quite a claim! The CPM group has released a long-term outlook for platinum, palladium and rhodium. Investment demand is expected to be a large growth factor for these metals in the next few years. This is an area that has been growing over recent years and it is predicted that this growth will continue. Demand from industry is also expected to remain strong, although this is obviously more dependent on the strength of the economy since the majority of demand comes from the automotive industry. The CPM group also predicts that a large part of the demand for the platinum group metals will come from China, both from the auto sector and the jewelry industry. While demand is expected to remain high, supply is likely to encounter problems as wage increases and a shortage of skilled labor may adversely affect the production of platinum in South Africa, one of few worldwide sources of raw platinum ore. "Safe haven demand for the platinum group metals has become a major driving factor for the market," says Bill Hionas. "Investors see that all the precious metals can offer protection against inflation or economic crises." Bill Hionas runs Pan American Metals of Miami, a precious metal brokerage based in Miami, which deals in gold, silver, platinum and palladium bullion. PAMM's expert advisers are available to assist buyers with their bullion purchases, tailoring their advice to the specific needs of each individual investor. About Bill Hionas: Bill Hionas is CEO of Pan American Metals of Miami, LLC, 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. Website: http://www.billhionas.info; http://www.panamericanmetalsofmiami.com Press Contact Debbie Bailey Executive Administrator Pan American Metals of Miami, LLC Email: dbailey@investpanam.com Website: http://www.billhionas.info; http://www.panamericanmetalsofmiami.com |
| View more at: http://www.1888pressrelease.com/bill-hionas-says-high-prices-for-the-platinum-group-metals-s-pr-332379.html |
| Related News |