Keynote Speaker at LBMA Conference Cites Huge Increase in Investment |
| September 21, 2011 | September 2011 Bond Updates |
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Keynote Speaker at LBMA Conference Cites Huge Increase in Investment Demand for Gold over Last Ten Years says Pan American Metals of Miami Pierre Lassonde mentions huge increase in investment demand for gold over past decade. (1888PressRelease) MIAMI, FL - Pierre Lassonde, keynote speaker at the LBMA conference in Montreal, stated today, September 19, that the biggest change in the gold market over the last decade has been a huge increase in investment demand, from 4% to 37% and growing. This is a dramatic increase by any standards and must reflect the ever-present desire for investors to find a safe haven for wealth protection. Bearing in mind that, in the US, the past decade has taken us from the immediate aftermath of 9/11 through the economic recession that started in the fall of 2008, this concern on behalf of investors is quite understandable. Current macroeconomic factors are not likely to ease these concerns any time soon, suggesting that investment demand will continue to grow. Debt concerns in the euro zone persist, despite temporary 'fixes' and growth and employment figures in the US are disappointing. "Concerns about the global economy are fueling investment demand in the western world," says Bill Hionas of Pan American Metals of Miami. "Unlike Asia where demand is growing, but for very different reasons, in the west, safe-haven demand is really supporting gold at the moment." Pierre Lassonde forecast the current bull run in gold to continue for perhaps a further 4 - 6 years, with some very high prices achievable, albeit following stronger corrections. He stated that we should expect to see the gold price correlating with the Dow Jones Average over the next few years; this would leave the door open for prices considerably in excess of $2,000 or even $3,000. Of all the precious metals, gold has proven, time and time again, to be the most reliable in terms of holding value and affording wealth protection. 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. 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 Email: dbailey@investpanam.com Website: http://www.panamericanmetalsofmiami.com |
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