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Lloyds Asset Management: European sovereign debt beneficial to gold performance

Gold has been rallying recently on increasing European sovereign debt concerns. With gold's value hitting record highs, now is the time to invest, according to Lloyds Asset Management.

 
PRLog - June 3, 2011 - RAPID CITY, S.D. -- WEST PALM BEACH, Fla. -- Investors and financial analysts are feeling bullish about gold’s performance in June.

With gold rallying on May 27 and worries about European sovereign debt persisting, gold could potentially rise to new highs the first week of June.

“Gold could shoot past the $1,600 mark sometime within the next few weeks,” said Max Rodriguez, senior metals analyst at Lloyds Asset Management.

The debt crisis in Europe remains a significant factor affecting the markets, with Greece at the center of the continent’s most recent problems. Concerns are mounting that due to defaulting, Greece will not receive its next series of payments from the International Monetary Fund and the European Union.

With the euro weakening on Greek debt worries – and a persistently rocky dollar -- gold has room to flourish as a safe-haven investment.

Though silver’s performance has stalled in recent weeks, investors predict that it too will pick up in the near future.

When major global currencies such as the euro and dollar are unstable, investing in precious metals is smart, according to Rodriguez.

Lloyds Asset Management is one of the United States’ leading precious metals dealers. By opening an account with Lloyds, investors can purchase precious metals including gold, silver, platinum and palladium. The metals are available in bullion or coin form.

“Strongly consider investing in gold. It is an asset that can sail you right through the stormy, debt-ridden global marketplace,” assured Rodriguez.

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About Lloyds Asset Management

Lloyds Asset Management is a leading precious metals dealer and financing institution located in West Palm Beach, Fla., specializing in gold, silver, platinum and palladium. With a Lloyds Asset Management account, you can purchase precious metals for immediate personal delivery or arrange for convenient storage at an independent bank or depository. Lloyds offers options for financing and selling your precious metals and expert account representatives to fulfill your investing needs. To find out how to open an account, visit http://www.lloydsmetals.com/.

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Source:Robert Sharp & Associates
Location:RAPID CITY - South Dakota - United States
Industry:Finance, Banking, Business
Tags:gold, europe, sovereign debt, greece, euro, silver, platinum, palladium, Lloyds Asset Management, precious metals
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