Philip Diehl Perspective

Gain some insight from U.S. Money Reserve President Philip N. Diehl, former director of the United States Mint and Chief of Staff for the U.S. Treasury Department. Mr. Diehl offers some perspective on where gold stands and where he thinks thinks it’s going.  Philip Diehl Perspective – Video Transcription   Philip Diehl: 00:04  When the…

Gold coins stacked against a glittering gold backdrop

Will Gold Continue to Shine?

The price of gold glittered in early 2016, soaring 17 percent in the first quarter and trouncing returns in major stock and bond indices. Global investors pumped money into the gold market, a traditional safe-haven investment, early in the year as equity markets crashed in a short-lived correction. Stocks have since recovered, but gold hung…

Debt chained to the ankle of business professional

Gold and the Debt Crisis

In the weeks leading up to the debt crisis in 2011, gold rose $400 an ounce to hit its nominal all-time peak of $1,895. The 2011 debt crisis was the one in which we came so close to defaulting on our debts that rating agencies downgraded the nation’s credit score. But it was good for gold. As the crisis approached, gold rose spectacularly. After the crisis was resolved, it fell dramatically but retained a portion of the gain. Can we expect a similar pattern as the current debt limit standoff progresses?

Federal Open Market Committee abbreviation on top of stacks of silver and gold coins

FOMC Fallout: Here We Go Again

As I write this morning, gold has given up two-thirds of its gains following the Fed’s decision last Wednesday to continue its $85 billion-a-month in bond purchases under QE3. One reason for this retreat is that markets overreacted to the news, just as they did back in June when Ben Bernanke’s statement about QE3 was misinterpreted as a signal the Fed would cut back QE3 in September. Buckle your seat belts; we’re in for many more days like Wednesday in the year ahead…