Philip Diehl recently spoke in a podcast about his career as well as his thoughts about the gold market. Diehl is the former director of the US Mint. While there he worked tirelessly to bring the organization to the high level that at operates at today. While under his watch the US Mint expanded operations from North America to every continent on the globe, including Antarctica. While expanding business operations aggressively Diehl also maintained a strong focus on the customer. The US Mint’s customer service reached such high levels that it was eventually being ranked among the top private firms in terms of satisfaction.
Diehl took what he had learned at the US Mint over to his current position as president of US Money Reserve. US Money Reserve is the largest distributor of United States government issued gold, silver, and platinum coins. Diehl applied the same principles of customer service at US Money Reserve to create a winning team. Not only do his sales staff excel at creating relationships with customers, the back office does an excellent job as well. This is accomplished through their industry-leading return policy.
Over the years Diehl has learned that investing in bullion coins is often the best and safest way for customers to purchase precious metals. This is for a variety of reasons. The first of which being that the coins themselves are legal tender, unlike bars or other forms of gold. United States government issued coins also have their weight and purity backed by the federal government, leaving customers assured that they are indeed getting what they paid for. This is not always the case with precious metal distributors as a few counterfeiters were recently identified passing rounds of gold off to investors in the United States.
In order to invest successfully in gold, Diehl believes it is essential for people to develop a long-term perspective. This is important because there will always be fluctuations in the market, but over a long-term horizon gold has always proved an excellent tool for individuals to safeguard their wealth. This is increasingly important in today’s world with ever-rising tensions that threaten to create geopolitical catastrophes. Just a few years ago the 2008 financial crash and subsequent creation of gold ETFs saw huge increases in the demand for gold. This precious metal has been used for thousands of years as a way to preserve wealth, and Diehl sees no reason for this practice to be going anywhere any time soon.