Philip Diehl, the president of U.S. Money Reserve, has been talking about the upside of investing in gold for more than two years. Diehl is the man that initiated the state quarter program while he was director of the U.S. Mint. When it comes to coin and gold investing, Phil Diehl is the man that has the answers. The Austin-based U.S. Money Reserve is one of the largest distributors of rare and investible coins in the United States. Gold had an incredible year in 2016. The price of gold increased by more than 12 percent in 2016, and Diehl thinks 2017 will be another strong year for gold.
There are several reasons why gold is attracting investors from all over the world. Gold has become a safe haven for investors. The Trump win has created an element of fear in the investing world. His plan to put tariffs on foreign made products, especially products made in China, is one reason investors are turning to gold, according to Diehl. And the Brexit vote is another questionable situation that could create more issues for the European Union. When the Brexit coin was released recently, U.S. Money Reserve was one of the first companies to offer those gold coins to clients in the United States.
Gold prices dropped recently, but that drop was temporary. Mr. Diehl agrees with more than two-thirds of the world’s traders and analysts that say they are looking forward to a very active gold buying year in 2017. Gold prices could hit $1,300 in 2017, and some analysts say prices could top $1,600 an ounce by the end of 2017.
Donald Trump’s isolationist and nationalistic tendencies could create socio-economic and geopolitical volatility, and that will bring more investors into the gold market.
More investors are buying gold coins for retirement. U.S. Money Reserve has an IRA type fund for clients that want to add rare gold and silver coins to their retirement portfolios.
Investing in gold coins is a good idea because other gold investments could be compromised in one way or another. Rare gold coins are appreciating faster than ever, according to Diehl. U.S. Money Reserve is ready to help new investors understand the gold coin market. Diehl thinks anytime is a good time to own gold coins.