There aren’t too many men like Phil Diehl in the money market. Diehl was the creator of the 50 State Quarter program at the U.S. Mint, and he was the guy behind the first-ever government-issued platinum coin. Diehl has been the chief of staff of the U.S. Treasury and staff director of the Senate Finance Committee.
Bill Clinton nominated Diehl for Director of the Mint. In that position, Diehl worked closely with the executive branch as well as members of Congress. Diehl knows how the money system works and as the current President of the U.S. Money Reserve he is still working with some of the most influential people in the country.
Diehl was interviewed on the Podcast Network recently, and he had some interesting things to say about the gold market as well as the strength of the dollar. It may surprise some people, but India and China are the two of the biggest gold hoarders in the world. Both countries believe that gold will hit $5,000 an ounce at some point in time, and they will have enough gold stashed away to keep their reserves in tip-top shape. (source: PR Newswire)
Gold did not a have a great year in 2015. The value dropped during the year, but the price of gold has been steadily increasing over the last two months. Phil Diehl believes stock market investors are pulling out of that market and investing in gold and silver. Mr. Diehl said that the U.S. Money Reserve has had a spike in business lately, and that spike is due to the volatility that the stock market is projecting.
The main reason for the uneasiness in the stock market is the China situation. China is pumping billions of dollars into their economy, in order to make the transition to a consumer-driven economy, but that switch is going to take time. In the meantime, other BRICS nations are in the throes of a recession and 2016 is not going to be a recovery year for them.
Investors like George Soros are saying the global market is going to crash because of the China’s economic debacle, and Phil Diehl is telling his clients to invest in gold coins, not gold bars. It seems Diehl still has a lot of clout when it comes to how and where to invest. Phil Diehl is an extraordinary money man, and the U.S Money Reserve is a perfect fit for him.