Philip N Diehl, the current President at the U.S. Money Reserve, played guest on the Enterprise Radio Show under host Eric Dye. Dye asked Diehl for his view of the gold markets as they are today. Due to the current unpredictable trends in the market, one of the questions was in specific reference to the markets volatility.
On top of being the current president the U.S. Money Reserve, Diehl also served at the Department of Treasury as the COS. These positions have earned Philip Diehl a reputable history and credited knowledge behind the U.S. dollar and the trends of the past and future.
Diehl explains much of his education relating to legal tender and bullion to his general experience within the gold markets and the gold bullion history around the world. Diehl was also appointed as the 35th director at the U.S. Mint by Bill Clinton during his term in office. Read more: US Money Reserve Inc. Review – Coin Dealers, Supplies and US Money Reserve | LinkedIn
Currently, United States holds some of the purest gold within the market. Gold purity in many other locations have seen altering and been counterfeited, which means they are not of the purest quality. The Federal Reserve backs all U.S. gold as pure. The strong economy for precious metals has the U.S. Money Reserve in good standings on gold, platinum and silver.
A major question asked during the radio show for Diehl by Eric Dye was what the president believed the large impacts were today in the current gold market. Diehl gave a brief list when answering the question, in reference to the article that can be found on CBS19, explaining the top four reasons for the volatility in the market.
First, the financial crisis in 2008 had an impact on millions of people, creating a fear within the markets. This fear developed a higher demand for increased gold quality. Gold quality plays a large role in overall wealth, and the more pure the gold, the safer the wealth.
Second, Electronically Traded Funds increased the overall purchases of gold, filling in some of the demand. Third, the ETF provided to the 2011 bull market, but also took away from the bear market. Lastly, The increase of value for the dollar was offsetting the growth demand for gold. This added pressure to the crisis.
Many people don’t understand that the majority of gold demand comes from larger markets like China, holding up to 65 percent of total demand.
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