Philip Diehl on US Money Reserve and Gold IndustryFebruary 3, 2016 - Author: steph
Philip Diehl, president of US Money Reserve, did a podcast recently where he delved in to the gold market and how to get started investing. He asserts that gold bullion coins are the best, and most approachable way to get started investing in precious metals. The coins, particularly those distributed by US Money Reserve, are backed by the United States government so customers are guaranteed to get what they paid for. This is not always the case with other forms of gold, which are not considered legal tender either. Recently, some gold rounds that came in from overseas distributors were discovered to be counterfeit. The weight and purity of each coin will be at the exact level that they order or their money back.
US Money Reserve is known industry-wide for their superior return policy, going above and beyond to ensure that each and every customer is completely satisfied. This commitment to customer service starts at the top. From his time as director of the US Mint Diehl has always obsessed over doing everything for the customer. He eventually led the government operation to receiving customer service score on par with the best in private industry. Now, he has taken those ideas and brought them to US Money Reserve. It shows at all levels of staff in the company from the sales force to the back office workers.
Diehl recommends that investors use gold as a form of wealth insurance. The precious metal has been used for thousands of years to do so and he sees no reason why this trend will not continue. Although there are always short-term peaks and valleys with any investment, Diehl encourages those who invest in gold to embrace a long-term horizon.
There are a few factors that Diehl believe will make gold a very attractive investment in the coming years. Primarily the rise of the middle class in BRIC countries will create a strong increase in demand for gold. Also, rising political uncertainty worldwide will force a rise in the desire for a safe place to store wealth.
Finally, Diehl believes that the dollar has reached its peak and will begin to decline in the coming years. When this happens it will force the price of gold down in other countries and give buyers a great opportunity to get in at very low prices.