Pan American Metals of Miami Reports that Emerging Markets of India and China |
| September 20, 2011 | September 2011 Bond Updates |
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Pan American Metals of Miami Reports that Emerging Markets of India and China Are Now Responsible for More than Half of the World's Gold Demand Surge in demand from the two major Asian nations will only increase. (1888PressRelease) MIAMI, FL - India and China are now responsible, between them, for more than half of the worldwide demand for gold. As far as gold prices are concerned, this is very good news as both China and India are emerging markets whose economies are growing rapidly and demand from these populous nations will only increase as their prosperity increases. According to Jason Toussaint, managing director, US and investment for the World Gold Council, speaking at the LBMA conference in Montreal, "There is a continuing surge of demand coming from the emerging markets, led by India and China. [Both economies] are growing at GDP rates of over 9%. The preponderance of demand going to India and China is now 52% and is tipping the scales." While investors in the western world are mainly buying gold bullion as a safe haven, with some demand also coming from the jewelry industry, investors in Asia are more interested in jewelry and wealth creation. Both nations have a burgeoning middle class with increasing discretionary incomes, suggesting that the current demand for gold will continue to increase. "As last week's correction in gold prices consolidates, gold bullion remains a comparative bargain for investors," says Bill Hionas of Pan American Metals of Miami. "Given that demand is likely to rise and that gold prices will rally and, in all likelihood, reach even greater heights, today's lower prices are a perfect buying opportunity." Investors interested in purchasing precious metals bullion can contact PAMOM for advice from a team of seasoned brokers and traders. PAMOM is located in Miami Beach, where it is at the financial hub of North and South America. 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: Pan American Metals of Miami 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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