MIAMI, FL - Precious metals bullion is a unique financial instrument. Precious metals have an intrinsic value and have been treasured and coveted by mankind for thousands of years for their rarity, beauty and functionality. While all government-backed currencies have, historically, eventually collapsed, gold and silver have been accepted for trading since the fourth millennium BC. Additionally, gold bullion is being stockpiled by the central banks of many disparate countries; there is a reason why governments choose to keep reserves of gold, they realize its ultimate value. Inflation or devaluation can wipe out the value of cash in a remarkably short time - ask anyone from Zimbabwe or Argentina for example - but gold holds its value and is often the standard against which other currencies are measured.

Currently there is a sense of panic in the air as fears rise about debt contagion in Europe and the US's credit status. Government austerity measures led to riots in Athens and London has had its own riots also, ostensibly due to unpopular cuts in government spending on welfare. Meanwhile there is news that France is joining the list of European countries to have debt issues. Arguably, the stock market may have overreacted to these events, nevertheless this reaction simply serves to remind us of the fickleness of the markets and how even a rumor can cause the value of stocks to tumble; gold, on the other hand, just goes up whenever stocks go down.

Bill Hionas leads the precious metals brokerage, Pan American Metals of Miami, where he heads a team of seasoned brokers, traders and investors. PAMM's team offers advice that is tailored to the specific needs of each client, whether institutional or individual; PAMM's brokers only recommend positions they themselves would be comfortable holding. Investors wishing to diversify into precious metals should see www.billhionas.com for more information.

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.com; http://www.panamericanmetalsofmiami.com

Press Contact
Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.billhionas.com; http://www.panamericanmetalsofmiami.com

Source:
http://www.1888pressrelease.com/bill-hionas-says-precious-metals-bullion-has-intrinsic-value-pr-326303.html