Six months after an emergency meeting was held in Austin, Texas, international headlines continue to impact the price of precious metals. The meeting of the Emergency Gold Conference held during July 2017 was moderated by Philip N. Diehl, who is the president of U.S. Money Reserve.
At that meeting, Diehl discussed how the issues of cyber attacks, global terrorists, unpredictable world leadership challenges, the increasing national debt, and the lingering effects of the last global financial crisis, strongly influence the price of precious metals.
Diehl is an expert in the precious metals markets. He is often quoted by major media outlets such as Business Insider, CNBC, CNN, the Financial Times, Forbes, The Wall Street Journal, and The Washington Post. At the meeting, Diehl talked about gold being wealth insurance. Gold’s inverse correlation with the U.S. dollar makes it an important consideration for those worried about market volatility.
Since that time in July 2017, the price of gold went from $1,217 per ounce to $1,318 per ounce, which is an 8.3% gain in about six months.
As the president of U.S. Money Reserve, it is Diehl’s responsibility to oversee the publication of the Gold Report that covers domestic and international issues. This helps inform investors of the top reasons to own gold.
Diehl has an enormous amount of experience in precious metals and enjoyed a distinguished career. He previously worked as a regulator and for the state legislature on issues regarding precious metals. Prior to becoming the president of the U.S. Money Reserve, Diehl was the 35th director of the U.S. Mint.
The U.S. Money Reserve is one of the biggest distribution companies in the world for precious metals that are issued by the United States and foreign governments as legal tender. The U.S. Money Reserve actively trades in gold, silver, and platinum in bars and in coins.
The U.S. Money Reserve has a well-earned reputation as America’s Gold Authority®. Part of its mission is to educate the citizenry about the alternative forms of protecting wealth that are available by owning precious metals.
For those new to precious metals investing the U.S. Money Reserve offers a free Gold Information Kit that discusses diversification strategies for an investment portfolio. U.S. Money Reserve has a convenient email notification program for those interested in receiving real-time gold alerts. There is an IRA program available as well for those that want to take advantage of the tax deferent advantages possible through an IRA.