Keynote Speaker at LBMA Conference Cites Massive Improve in Investment
MIAMI, FL - Pierre Lassonde, keynote speaker at the LBMA conference in Montreal, stated these days, September 19, that the biggest adjust in the gold market over the last decade has been a large boost in investment demand, from 4% to 37% and growing. This is a dramatic enhance by any standards and ought to 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 via the economic recession that began in the fall of 2008, this concern on behalf of investors is very understandable.
Present macroeconomic aspects are not most likely to ease these concerns any time soon, suggesting that investment demand will continue to grow. Debt concerns in the euro zone persist, regardless of temporary 'fixes' and growth and employment figures in the US are disappointing. Current macroeconomic elements are not most 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 globe," says Bill Hionas of Pan American Metals of Miami. "Unlike Asia exactly where demand is growing, but for very distinct reasons, in the west, secure-haven demand is genuinely supporting gold at the moment."
Pierre Lassonde forecast the current bull run in gold to continue for maybe a further four - 6 years, with some extremely high prices achievable, albeit following stronger corrections. He stated that we must anticipate to see the gold price correlating with the Dow Jones Typical over the next few years this would leave the door open for costs considerably in excess of ,000 or even ,000. Of all the precious metals, gold has confirmed, time and time once more, to be the most reliable in terms of holding value and affording wealth protection.
Pan American Metals of Miami, LLC is a group of traders, investors and brokers who combine several years of experience to help clients invest in bullion. PAMM supplies an individual investment service and is based in Miami, Florida for convenient access to each North and South American investors.
Web site: http://www.panamericanmetalsofmiami.com