The gold market is on fire. The price of gold has jumped 26 percent since January 2016. Gold is trading at more than $1,320 an ounce, and the experts believe the price of gold will continue to increase during the next five years. Some investors say gold the price of gold is going to double in 18 months, and Philip Diehl the President of the U.S. Money Reserve thinks those investors are right.
Philip Diehl is an expert in the currency industry. He was the director of the U.S. Mint and a staff advisor for the Senate Finance Committee. Diehl is the man responsible for launching the 50-state quarter program several years ago, and that move made him a rock star in currency circles.
Diehl was interviewed by Eric Dye, the host of Entrepreneurial Podcast Network’s show, Enterprise Radio, according to an article published by PrNewsWire.com.
Diehl had a lot to say about the currency market, and what U.S. Money Reserve was doing to help investors add rare gold, silver and platinum coins to their investment portfolios.
Rare U.S. coin collecting has never been considered a money-making venture in an investor’s lifetime. Rare coins were usually put in a safe place, and they were past down from generation to generation. After 100 years, or so, the coins were worth something. Learn more about US Money Reserve: https://www.ispot.tv/brands/Iyt/us-money-reserve
But Diehl told Eric Dye that scenario has changed because of the price of gold and silver. Investors can buy rare gold and silver coins and add them to their IRA accounts, and realize a good return at retirement age.
Mr. Diehl also talked about U.S Money Reserves’s customer satisfaction policy, and how dedicated his company was to satisfying clients. Diehl said the staff at U.S. Money Reserve puts clients first and helps them understand the complex coin collecting industry.
Without help from Diehl and his staff, most coin collectors buy random coins and expect them to appreciate quickly. But not all coins are investment worthy, according to Philip Diehl.
Some coins may appreciate because of the spike in gold prices, but their rarity factor doesn’t help them. The coins that are investment worthy are rare, and they are are solid gold, silver or platinum.
No one is sure what the price of gold and silver will be next week or next year, but according to Philip Diehl, the price of those precious metals are not going to go down in this century.