Philip N. Diehl became the President of U.S. Money Reserve after having run the U.S. Mint as its Director. Needless to say, Diehl has long proved he is an expert in the world of coins. On the EPN podcast channel, Diehl discussed gold coin investing. In addition to discussing his biography at length, Diehl revealed by investing in gold coins is so popular among so many.
Following the direction of others guides the decisions of people interested in investing their money. News reports about possible declines in the stock market along with the potential devaluation of currencies lead many who seek alternative investment strategies. Gold remains a solid option many explore. Some have put tremendous amounts of capital into gold vehicles. These speculators are not alone. Diehl points out banks and world governments are buying up a lot of gold. The “average person” with a small amount of capital to invest sees these movements and feels they are wise to mimic.
One thing is worth noting here. Regardless of the motivation behind an investment strategy, that strategy has to be a wise approach. Philip Diehl does present numerous reasons why gold coins are smart acquisitions. For one, coins are legal tender provided they are minted by a legitimate entity. The bulk of the coins sold by U.S. Money Reserve are made by the United States Mint. It goes without saying this would indicate the gold coins are definitely legitimate.
Sadly, a number of investors have been duped by counterfeiters. It is easier to fool someone with bars and bullion. Testing the purity level is the only way to determine the legitimacy of those assets. With legal tender, ascertaining whether or not the items or real requires very little effort.
The entire interview with Diehl is very enlightening. All those thinking about putting some money in gold coins should listen to the recording.