Philip Diehl on Investing in Gold

Philip Diehl has been around the precious metals industry for a long time. He is currently the president of US Money Reserve, the nation’s largest distributor of United States government issued gold, silver, and platinum coins, and prior to this he was director of the US Mint. While at the Mint he significantly increased distribution by adding operations to all six other continents, including Antarctica. He accomplished this through a commitment to service, and an entrepreneurial spirit.

Now, at US Money Reserve Diehl guides by these same principles to ensure the company runs as smoothly and efficiently as possible. As a leader he engrains excellent customer service in to all of his team members. This is evident not only on the front lines with his sales force, but in back office positions as well. US Money Reserve has the industry’s leading return policy.

Diehl sees a major case to be made for investing in gold and other precious metals, particularly coins. Other forms of gold such as bars or rounds are inadvisable for a variety of reasons. Their weight and purity is not guaranteed, which means a customer can never be sure of the exact value of what it is they are purchasing. In fact, in recent years there have been rounds of gold found in the United States that came from overseas distributors which turned out to be sophisticated counterfeits. Another reason to purchase US government issued coins is the fact that they are backed by the strongest economy in the world.

According to his interview on Entrepreneur Radio, he takes pride in the fact that customers can be confident in the products that they purchase from US Money Reserve. Diehl views these purchases as long term investments by the consumer. Short term volatility in gold price is not something investors should concern themselves with. Gold is to be viewed more as an insurance policy against geopolitical instability or a collapse of the financial system such as in 2008. In this way investors are able to safely preserve their wealth in a physical commodity that is backed by the goveerment of the world’s number one economy.

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