China stocks closed sharply lower Tuesday but the damage was largely contained with most major world markets staging a recovery from Monday’s selloff. The benchmark Shanghai Composite declined 7.6%, while the smaller Shenzhen Composite shed 7.2%. The Shanghai index has now crashed 42% from its June 12 peak. After Chinese markets closed, Beijing launched new…
China Stocks Crash Again but Global Markets RecoverDetails[vc_row][vc_column][vc_column_text]THE golden coin’s message is as revolutionary as this city gets these days: Put aside revered dead presidents and contemplate Sacagawea, the Shoshone woman who courageously guided Lewis and Clark in the 19th-century expedition that redefined America. In the clever marketing hands of the United States Mint’s director, Philip N. Diehl, a popular demand for…
PUBLIC LIVES: Sharing a Nation's History and Culture, a Coin at a TimeDetailsGreater risk of instability can only increase the precious metal’s luster. By Philip Diehl Aug. 13, 2013 12:55 p.m. ET Concerns are rising that the Chinese economy is headed for a hard landing. That would have implications for many markets, not least for gold. Conventional wisdom holds that a slowdown in China will reduce demand for…
China Turns to GoldDetailsI had a bit of fun with the platinum coin plans on MSNBC Monday night: Tuesday morning, I got an e-mail from Philip Diehl, the former Mint director and Treasury chief of staff who, with Rep. Mike Castle, wrote the platinum coin law and oversaw the minting of the first coin authorized by the law.…
Former Head of U.S. Mint: The Platinum Coin Option would WorkDetails[vc_row][vc_column][vc_column_text]In live interview in Today New York Studio; US Mint’s Philip Diehl says new quarters with designs from every state on the tail side will be released every 10 weeks starting with the quarter commemorating the state of Delaware. Close up on large quarter seen. Diehl says each state selected the design for the tail…
US Mint's Philip Diehl Discusses the New QuartersDetails[vc_row][vc_column][vc_column_text]Philip Diehl, director of the U.S. Mint, discusses the release of the Sacajawea dollar coin. Sacajawea was a Shoshone Indian who acted as guide to Lewis and Clark. Transcript Sacajewea Dollar Coin is Released MATT LAUER, co-host: In a couple of weeks, you may find some gold in your pockets. A new golden dollar is…
Diehl on NBC: Sacajawea Dollar Coin is ReleasedDetailsTHIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED. ANNOUNCER: Ahead on BUSINESS UNUSUAL, making change. We’ll meet the man who transformed the United States Mint from a stodgy government agency to a player in the new economy. Boeing attacks productivity problems, cuts cost and rockets…
Business Unusual: Philip Diehl Transforms U.S. MintDetailsUnder Philip Diehl’s direction, the U.S. Mint has literally changed the face of American money: Last year the Mint introduced the 50 States Quarters program, and this year brought the Sacagawea dollar coin. Officially named the Golden Dollar, the new coin features the likeness of Sacagawea, the young Shoshone woman who served as guide and…
Diehl on NPR: The Golden Dollar CoinDetailsAfter being bearish on gold prices during 2013 and 2014, I became mildly bullish on the precious metal in February of this year. With gold at $1,200 an ounce, I wrote an article discussing three reasons why I believed gold prices would bottom in 2015, and thus why I believe gold was an attractive long-term…
Why Now Is a Great Time to Buy GoldDetailsEurope has offered Greece a new $96 billion bailout after its government agreed to enact deep economic reforms under close supervision by its creditors. The rescue — Greece’s third since 2010 – should secure its place in the euro, for now. The country’s potential exit from the currency union would have shaken Europe to its…
Greek Bailout: Europe Strikes Deal after Marathon TalksDetailsChina has been making it very clear that it wants more control over the global gold market, but it’ll have to go through New York and London first. “Given that China is the epicenter of the physical gold market, it does make sense that the Chinese government would want its physical Shanghai gold market to…
China Wants to Steal Gold-Market ‘Reins’ from New York, LondonDetailsChina’s securities regulator banned major shareholders, corporate executives and directors from selling stakes in listed companies for six months, its latest effort to stop the nation’s $3.5 trillion stock-market rout. Investors with stakes exceeding 5 percent must maintain their positions, the China Securities Regulatory Commission said in a statement. The rule is intended to guard…
China Bans Stock Sales by Major Shareholders for Six MonthsDetails
