The U.S. Money Reserve is one of the world’s top distributors of gold, silver and platinum coins issued by the United States Government. Philip Diehl, the President of U.S. Money Reserve, is a seasoned veteran in the precious metal market. Diehl is the former Director of the United States Mint, and former chief of staff of the United States Treasury. Diehl was interviewed recently by ePodcastNetwork.com, and he shed some light on the gold and silver market.
Diehl said gold coins are in vogue with investors now, and that trend will continue in 2016. Diehl also said U.S. Money Reserve is in a position to help investors move from the stock market into the gold and silver market. Stock market investors are growing more and more skeptical. Professional investors say 2016 will not be a decent year in the stock market because of the China economic situation and the unrest in the European Union.
PRNewswire.com published a recap of the Diehl podcast interview. In that article, Diehl was quoted as saying the price of a troy ounce of gold will continue to increase in 2016. That prediction became a reality when an ounce of gold jumped 1.3 percent to $1,238.20 at the beginning of April 2016 in Europe.
The gold market veterans at the U.S. Money Reserve have been talking about golds popularity for the last year even though prices dropped in 2015. All the signs for a dramatic increase in the price of gold and silver are flashing green, according to Diehl (more on this article: https://twitter.com/moneyreserveinc).
The recent increase in gold prices in the European market is shades of things to come because Netherland voters rejected a European Union trade deal with the Ukraine.
Mr. Diehl also mentioned the fact that the Federal Reserve is planning to raise interest rates again in 2016, and that means another drop in stock prices. When professional investors get nervous about stocks, they turn to gold, platinum, and silver.
The Federal Reserve is weighing the uncertainties in the global investment market, according to a recent article in the Wall Street Journal. The Wall Street Journal article said investors are betting that the Feds won’t raise interest rates, because of the China situation and European Union issues, but they are hedging that bet by buying gold.
Philip Diehl believes 2016 is the year when gold and silver prices will go higher than anyone expects.