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Pan American Metals of Miami says Gold's Safe-Haven Status Remains Secure
2 pages
Publié par
donald hood
Pan American Metals of Miami says Gold s Safe-Haven Status Remains Secure
(1888PressRelease) Central banks taking advantage of corrections to buy more gold.
(1888PressRelease) MIAMI, FL,Gold s correction in September attracted...
[Plus]
Pan American Metals of Miami says Gold s Safe-Haven Status Remains Secure
(1888PressRelease) Central banks taking advantage of corrections to buy more gold.
(1888PressRelease) MIAMI, FL,Gold s correction in September attracted large-scale buying by the central banks of
some emerging economies.
Bolivia, Kazakhstan, Tajikistan and Thailand all added substantial amounts to their gold
reserves during the recent dip.
This reversal of the more traditional trend, suggests that central banks are sharing the
growing distrust for paper currency.
It is also likely that any future reduction in price will produce a flurry of buying,
pushing the price back up again.
Additionally, the European solution is far from an effective long-term plan.
Greece s debt levels will continue to be
unsustainable and Italy is also coming under observation with a debt level that is equal to 120% of its GDP.
If
concerns continue, then we can anticipate an increased demand for gold as a safe haven.
"Macroecono
[Moins]
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