President of the U.S. Money Reserve, Philip Diehl was a guest on the Enterprise Radio Show. Host, Eric Dye asked Diehl for a close-up view of the gold market as it appears today. One of the questions referenced the market volatility, especially in today’s unpredictable market trends.
Philip Diehl presently holds the position of President of the U.S. Money Reserve but served as COS of the U.S. Department of the Treasury. Both these positions afford Diehl history of the United States dollar and trends of the past and vision of the future. Diehl credits his education of the bullion and legal tender to experience in the gold market and the history of the gold bullion worldwide. Diehl also served staff director of the U.S. Senate Finance Committee and was appointed by Bill Clinton as the 35th Director of the U.S. Mint during Clinton’s term of office.
It is a fact that the United States Gold is the purest gold on the market. The purity of gold from other areas have, in many cases, been altered and counterfeited and are not considered the purest gold. Also, the US Gold is backed by the Federal Reserve to be pure gold. The products of the U.S. Money Reserve are gold, silver, and platinum backed by a strong economy.
Eric Dye also asked Diehl what he felt was the biggest impact on the gold market today. Diehl answered that question with a brief list of the top four criteria for volatility in the gold market.
• The 2008 crisis felt by millions of people created fear in the market, and that fear pushes for quality. It created stronger demands for the quality of gold. The quality of gold plays a big role in wealth, and the purer the gold quality, the more secure the wealth.
• Electronically Traded Funds (ETF) has increased the purchase and sale of gold, filling the demand.
• The ETF of gold also provided the bull market in 2011, but it took from the bear market.
• The increase of value in the dollar offsets the growth demand for gold and adds pressure to the crisis. The result of adding pressure to the larger markets like China where approximately 65% of the retail demand for gold worldwide comes out of India and China. Diehl reminded us of the old saying “What goes up must come down.” The U.S. Money Reserve is an educated group of professionals who know market trends and the patterns of gold values both up and down.
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