Philip N Diehl Blog - U.S. Money Reserve

Sep92016

U.S. Money Reserve President, Philip N. Diehl

Philip N. Diehl Appointed Chairman of the Industry Council for Tangible Assets

Current U.S. Money Reserve president and former U.S. Mint Director, Philip N. Diehl, was appointed chairman of the Industry Council for Tangible Assets (ICTA) at the association’s Board of Director’s meeting at the end of August. ICTA is a nonprofit association that supports the rare coin, paper money, and precious metals industry, with over 30…

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2016-09-09Company News, Philip N. Diehl

May202016

Untouched array of fine gold bars net weight of 1000 grams each

The Price of Gold: Demystified by Philip N. Diehl

Gold prices seem to move in mysterious ways, but over the long term, a few forces account for most of these price changes. For those of us who buy gold and and hold onto it for a year or longer, these are the most important factors to bear in mind as we make our financial…

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2016-05-20Philip N. Diehl

Mar12016

If you follow gold, it bears to keep an eye on China

I occasionally go back through my blog posts to see how my predictions bore up after a year or so. This can be humbling, but sometimes you get it right. I’ll leave it to others to dig up the ones where I missed the mark. In August 2013, The Wall Street Journal Online and Asia…

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2016-03-01 Leave a commentPhilip N. Diehl

Feb192016

Patriotic donkey and elephant representing the political parties of the South Carolina primary

The South Carolina primary, one day out

I follow politics pretty closely. Back in November, I saw an article in FiveThirtyEight in which the author argued that the GOP’s primary and caucus rules doom the outsider candidates—Donald Trump, Ted Cruz, and Ben Carson—by tilting the playing field in favor of the insider candidates—Marco Rubio, John Kasich, and Jeb Bush. I thought the…

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2016-02-19 Leave a commentPhilip N. Diehl

Feb162016

Bar graph built out of gold bars and red arrow indicating gold hitting three month high

Is gold’s recent rally a sign you should be worried?

Gold prices have soared $150 per ounce since the first of January and, if prices rise another $60, the yellow metal will officially cross the threshold into bull market territory. Gold is soaring because investors around the world are panicking about the state of the global economy. And when large investors panic, they run to…

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2016-02-16 Leave a commentPhilip N. Diehl

Aug112014

Developments in Ukraine — and gold

In my last post, I wrote about prospects for civil war in Ukraine turning into a direct confrontation between Russia and the West, and what that would mean for gold prices. I said that markets had not yet woken up to this reality and when they did, gold prices would rise. Markets are now taking…

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2014-08-11 Leave a commentPhilip N. Diehl

Jul302014

The smoking streets of a war torn Ukraine, citizens and militants walking around in the rubble

What Does War in Ukraine Mean for Gold?

What is the connection between the price of gold and civil war in Ukraine? Simple—gold has long been a refuge in times of political turmoil. When investors and savers realize the severity of a threat to their wellbeing, they rush to gold to protect their wealth, driving prices up quickly. In recent weeks, the conflict…

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2014-07-30 3 CommentsPhilip N. Diehl

Jul182014

Green safe haven sign with sun breaking through clouds in the background

The safe haven: Gold moves on news from Ukraine and Israel

Gold jumped $22 an ounce on news that a Malaysian Airlines flight (MH17) was shot down over eastern Ukraine. Later in the day, all signs were pointing to a missile strike on the aircraft, and persuasive evidence was developing that Russian-backed rebels launching a Russian-built missile were responsible. The world awaited the smoking gun of…

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2014-07-18 1 CommentPhilip N. Diehl

Jun132014

Myth versus reality wood printing press blocks against rustic white wood

Debunking Gold Myths: Part II

Read Part 1. In my last post, I discussed three myths about gold that Gary Alexander describes in a piece on Seeking Alpha. Understanding these myths is important because they deter many investors from making gold part of their financial portfolios. I’ll address four additional myths here. Myth #4: Gold is primarily a hedge against…

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2014-06-13 Leave a commentPhilip N. Diehl

May302014

The word FACTS illuminated against dark word MYTHS

Gold Myths that Confuse Gold Buyers

I recently ran across an article entitled “The 12 Biggest Mistakes the Media Make When Covering Gold Markets,” by Gary Alexander. It’s a good article for potential gold buyers because it debunks many of the myths that lead investors, and their financial advisors, to exclude gold from their portfolios. For the most part, Alexander’s assessment…

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2014-05-30 1 CommentPhilip N. Diehl

May92014

Dollar sign floating in bubble, about to be popped with a needle

Gold in Another Stock Market Bubble

For weeks, I’ve intended to write a post on the current stock market bubble, and now, the New York Times‘ David Leonhardt has beaten me to it, but I’ll make some additional points. Robert Shiller, a Noble prize-winning economist, is among the market analysts and economists whose work I follow and admire. I discovered Shiller several years…

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2014-05-09 2 CommentsPhilip N. Diehl

May52014

Sacagawea gold dollar coin zoomed in on women's face

The Inside Story of the Sacagawea Dollar, Part II

Read Part 1 The story of the Sacagawea dollar is relevant, today, not just because it’s an interesting piece of our history, but also because it’s a window into how Washington, D.C. works — and doesn’t work. I’ve been around politics and government much of my career, in senior positions in the U.S. Senate, the Treasury…

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2014-05-05 Leave a commentPhilip N. Diehl

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