Now Entering Russ's World
Philip Diehl left his prestigious position as Director of the U.S. Mint for a job in the private sector. The Austin, TX-based precious metals distributor U.S. Money Reserve is his new home. Diehl is the current president of the company, and his managerial skills have helped raise the company’s profile in the industry. Diehl’s appearances in the media have also drawn attention to U.S. Money Reserve. Recently, Diehl was interviewed on the EPN podcast network, and his interview was both informative and intriguing.
Diehl’s approach to running the U.S. Mint was not a repeat of the status quo, which entailed a year-after-year focus on domestic coin distribution. Diehl established a worldwide distribution network that expanded the sale of U.S. Mint coins in various nations. No longer was the U.S. Mint operating below its potential.
Diehl mentions on the interview that he learned a lot running the U.S. Mint, and he brought new perspectives to U.S. Money Reserve. U.S. Money Reserve remains one of the top suppliers of gold coins in the world. The company has facilitated hundreds of thousands of sales over the years. Currently, the demand for gold, silver, and platinum has increased due to instability in the global stock and currency markets.
Diehl is very quick to point out that gold coins may prove to be the far better investment than bullion or bars. While gold bar and bullion do have value, gold coins backed by the U.S. Mint are going to be far preferable in the market. As such, the potential exists the coins could yield a greater return on investment. No one knows where the gold market is going to do. Regardless, coins have collectability value in addition to face value and price-per-ounce value. Diehl somewhat predicts the popularity of gold coins is likely to increase in the coming years.