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(1888PressRelease) Price dip provides buying opportunity for bargain hunters.

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Gold Dips Sharply Below $1700 as Investors Still Prefer Dollars says Pan American Metals of Miami

(1888PressRelease) Price dip provides buying opportunity for bargain hunters.

MIAMI, FL,Both speculators and seasoned investors will be eyeing today's news with eagerness as they perceive a bargain to rival any that might be available on Black Friday, and they will not need to camp out on the sidewalk all night to nab this bargain either.

There remains huge faith in the US dollar as a safe haven as investors continue to dump assets for cash in light of the worsening European crisis. Such faith in the dollar is touching but when the US is imminently facing its own debt crisis, one wonders if this faith is not misplaced and also, how long it will be before the dollar falls and gold regains its rightful position as a safe haven.

For now, any significant drop below $1700 suggests a 'golden' opportunity for bargain hunters. With macroeconomic factors and physical demand both strongly supportive of gold in the long term, predicted prices of $2000 an ounce by early 2012 are still perfectly viable. The potential for substantial profits remains considerable.

That said, gold bullion should be fulfilling the role of an insurance policy rather than a 'get rich quick' scheme. Its value to investors is its ability to hold its value in times of economic turmoil.

"Gold has been acting uncharacteristically as the dollar has usurped it as the favored safe haven," says Bill Hionas of Pan American Metals of Miami. "In light of the looming deadline for the super committee to make a decision on the US deficit, this is a situation that may be reversed sooner rather than later."

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Pan American Metals of Miami offers clients opportunities to purchase precious metals bullion: gold, silver, platinum and palladium.

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

Email: dbailey ( @ ) investpanam dot com

Website: http://www.panamericanmetalsofmiami.com

Source:

http://www.1888pressrelease.com/gold-dips-sharply-below-1700-as-investors-still-prefer-doll-pr-352113.html