Owning gold coins is not something done by treasure seekers in the movies. Gold coins, along with platinum and silver coins, are commonly purchased for investment purposes. As the value of precious metals go up on the market, a positive return on investment is gained. In a recent interview on the EPN podcast network, Philip Diehl, the president of U.S. Money Reserve discussed the benefits of gold coins at length.
Diehl was very definitive in his assessment that gold coins offer something gold bars and gold bullion do not. Legitimate gold coins are legal tender, and this means the coins are backed by the full faith and credit of the government issuing the coins. U.S. Money Reserve deals with a great many coins made by the U.S. Mint. Hence, they are backed by the strength of the United States’ economy.
Gold bars and bullion made of the proper purity are decent investment vehicles, but they lack the currency backing of legitimate coins. Diehl brings up a shocking point when talking about the legitimacy of gold coins: a great many counterfeit gold assets are being imported from foreign markets. Sadly, people who acquire counterfeit gold lose their money. There is no way to recoup an investment after buying fake gold. Legal tender produced by the U.S. Mint is obviously not fake. Neither is the gold purchased from a well-established seller such as U.S. Money Reserve.
Diehl knows a lot about the U.S. Mint. He served as the director of the U.S. Mint prior to signing on with U.S. Money Reserve. His tenure at the U.S. Mint was marked by incredible distribution growth and a strong commitment to customer service. All that experience now serves the customers of U.S. Money Reserve, one of the largest sellers of precious metals in the United States.
Diehl’s tenure has also contributed to the company being more involved with charitable causes. During the holidays, U.S. Money Reserve supported a number of food drives for needy families. The good customer service the company embodies goes far beyond just the selling of gold coins.
And gold coins are selling well. Diehl notes that concerns over the economy and monetary policy are driving a number of people to invest in gold. The running theme in Diehl’s interviews is coins are the top asset to purchase. He makes some compelling points in this regard.