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 Pan American Metals Of Miami Says Gold's Value Is More Important Than Its Price- Pan American Metals Of Miami Says Gold's Value Is More Important Than Its Price
- September 23, 2011
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Gold's value as a safe haven should weigh more with investors than fluctuations in price.
Financial experts are becoming increasingly concerned about the situation in Europe, which does not look like being resolved any time soon. The effect of the ongoing crisis on gold prices is twofold: on the one hand, economic uncertainty, of any kind, tends to send investors running for the hills, or rather to the perceived safe haven of a precious metal; on the other hand, a sliding euro means a stronger dollar, and a strong dollar is generally negative for gold.
"Gold has been holding stead...
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