The Demand For Silver And Gold Coins Is On The Rise According To Philip Diehl President Of U.S. Money Reserve
Investors are worried. The word around the industry is the global economy is heading for another disaster, and the popular investment vehicles are going to disappoint average investors. Hedge fund investors are also having a hard time adjusting to the economic impact that China is having on countries around the world.
The truth is, finding investments that will withstand another Great Recession are hard to find, but the president of U.S. Money Reserve, Philip Diehl, believes he has the answer. U.S Money Reserve is one of the largest distributors of government issued silver, gold and platinum coins.
Diehl told Enterprise Radio that there is no better time to invest in gold and silver coins than now for several reasons. CBS19.tv published Diehl’s interview. One thing was obvious during the interview. Diehl is the real deal when it comes to talking about precious metal and coins.
In the interview, Mr. Diehl said the official silver coin of the United States is the American Silver Eagle. The value of that 1-ounce coin has increased by more than 370 percent since 2007. Diehl said a recent U.S. Mint report shows that Silver Eagle sales topped 47 million in 2015, and that’s a record. Learn more about US Money Reserve: http://www.bbb.org/central-texas/business-reviews/coin-dealers-supplies/u-s-money-reserve-inc-in-austin-tx-52264/ and https://www.linkedin.com/company/u-s-money-reserve
The demand for silver coins in 2016 is outpacing the sales for the same period in 2015. In the first four months of 2016, more than 19 million Silver Eagle coins have been sold, according to Diehl. Sales of Silver Eagle coins in 2016 could hit 60 million.
Silver prices are outpacing stock and gold prices in 2016 as well. The price of silver has increased 27 percent in the first quarter of 2016, and the price of gold has increased 20 percent. Stock prices have only increased by a little more than 6 percent. And Mr. Diehl thinks gold and silver price increases won’t stop. Read more: US Money Reserve | CrunchBase and US Money Reserve TV Commercials – iSpot.tv
Some investment experts are predicting that gold could double in price over the next five years. And silver prices could triple thanks to the solar energy boom. Silver is used in photovoltaic cells in solar panels.
U.S. Money Reserve introduced a precious metal IRA program recently, and Philip Diehl thinks it is a perfect investment vehicle for people that don’t trust the stock market. There is little doubt that gold and silver prices are going to soar as soon as the word gets out that the United States is entering another recession. That news may come by the end of 2016, and 2017 is going to be a very tough year, according to Diehl.