U.S. Money Reserve remains one of the biggest distributors of precious metal coins in the United States. Located in Austin, TX, U.S. Money Reserve puts a lot of effort into acquiring high-end gold coins. The president of the company, Philip Diehl, took time out from running the company to discuss the benefits and complexities of investing in gold coins. He granted a podcast interview on EPN, and the interview was quite interesting.
Diehl makes it clear that investing in gold could be a good strategy for those wishing to expand and diversify their portfolios. He is quick to suggest one of the main reasons people choose gold over other investment vehicles is monetary policy drives them in that direction. Specifically, when people become worried about monetary policy, they look towards gold. Weak currency conditions commonly lead to an increase in the price of gold. Once people become worried about currencies, they move towards precious metals.
Diehl does say it is necessary to buy the right gold assets. Bars and bullion are popular, but they do lack one strength quality gold coins possess. Gold coins that are legitimate legal tender are backed by the strength by the government that issues them. Many of the gold coins sold through U.S. Money Reserve are made by the U.S. Mint. That means they are legal tender backed by the United States’ economy and government. No one is going to question the legitimacy of such coins.
Sadly, there are coins out there known to be counterfeit. On the podcast, Diehl mentioned that foreign sources are importing fake coin. The poor people who purchase these coins end up with a product that has no investment value. They are, after all, fake coins.
This is why it is so wise to purchase an established seller with a proven and serious track record. U.S. Money Reserve definitely does have such a track record. Under the leadership of Philip Diehl, the company is putting a huge emphasis now on customer service.
The 15-minute interview covers a lot of ground. Listening to the podcast is advised for those wishing to learn more about Diehl, U.S. Money Reserve, and gold coins.
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