Philip Diehl truly knows precious metal coins. In particular, he knows gold coins. As the president of U.S. Money Reserve, deal manages one of the largest distributors of gold coins in the United States. Clients who purchase from U.S. Money Reserve are able to acquire legitimate coins produced at the U.S. Mint. In a recent podcast on the EPN network, Diehl revealed why it is necessary to only buy from trusted sources.
Shockingly, a host of counterfeit gold assets have entered the global market. Diehl reveals the imports of fake gold coins from foreign countries do nothing more than separate people from their money. The coins are not legal tender. The purity of the coins may be far too low to be worth their weight in gold. The same problem may exist with gold (or silver or platinum) bars or bullion.
Diehl is quick to discuss the legitimacy of the coins sold through U.S. Money Reserve. The bulk of the coins are produced by the U.S. Mint. This means the coins are legal tender back by the “full faith and credit of the U.S. government”. Backed by the United States’ economy and minted by the government itself, no one could ever accuse the coins of being dubiously produced.
Diehl most definitely knows the value of legitimate U.S. coins. In the interview, he discusses his previous job of being the director of the U.S. Mint. In a talk about his tenure at the U.S. Mint, Diehl mentions how he was the driving force behind expanding the distribution of U.S. Mint coins to various countries throughout the world. He also points out he changed the culture at the U.S. Mint to one that focuses more greatly on customer service. Diehl brings that same passion for customer service to U.S. Money Reserve.
The complete interview is a very interesting one. Diehl even goes into the reasons why so many people are looking to purchase gold coins these days. Confusion and worry over U.S. monetary policy drive people to buy coins to protect their net worth. Worries over declines in the stock market and global economy also nudge people towards protecting themselves with gold.
Diehl wants to be sure people are buying the right gold for the right reason from the right seller. Taking this approach definitely has the potential to maximize the positive outcome of the acquisition.