During a recent interview on Enterprise Radio, Philip Diehl, the head of U.S. Money Reserve, had spoken about a dynamic opportunity provided by investing in precious metals, especially gold.
This former Chief of Staff at U.S. Treasury, and the 35th U.S. Mint Director, believes that over the next 10 years there will increased demand for gold as international uncertainties grow. During financial crises, there’s a flight to quality and gold and other metals become highly desirable as a storage of value and hedge against inflation.
As of now, 65% of demand for gold in the world comes from China and India. These two countries are growing faster than most other economies, and have very large populations. And it’s all while the central banks are increasing gold purchases.
Back in 2011, gold had reached its peak at nearly $2,000 an ounce. Presently, the yellow metal trades at around $1,200- a rather substantial discount to its all-time high of few years ago.
The other precious metal, silver, trades at an even steeper discount. A few years ago, this cousin of gold had been going for almost $50 an ounce, and now it’s only $14.
U.S. Money Reserve specializes gold, silver, and platinum coins issued by the United States government. Under Mr. Diehl’s leadership, the company has grown from a small player to a leading distributor of bullion coins in the world through entrepreneurial approach in establishing a worldwide distribution network.
With the commitment to customer service as well as liberal return policy and guarantees, customers are confident about what they’re getting. Moreover, foreign government-issued bullion coins are available as well.
While at U.S. Mint, where he was appointed during Bill Clinton’s Presidency, Philip Diehl is responsible for bringing the first government-issued platinum coin in the United States as well as starting the 50 State Quarters Program.
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