Pan American Metals of Miami says Gold Has Risen 10% in January So Far
1888PressRelease | Date: January 28, 2012
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Gold and silver have both enjoyed an excellent start to 2012.
MIAMI, FL – January has proven to be a good month for gold bullion as prices have risen by 10% so far since the beginning of the year. A lower dollar, following the Federal Reserve’s decision to keep interest rates low for almost three years, has served to push gold prices even higher. Silver also benefited from this move.
Gold and silver both provide a hedge against inflation, enabling investors to take a position in assets that will hold their value. Many financiers feel that there is already evidence of inflation; that it is simply being played down. There are, of course, many ways to ‘hide’ inflation; for example, if we look at food prices, we might see that the price of a bag of oran..
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