The price of gold was supposed to increase if Donald Trump was elected. That was a big topic of conversation in the financial industry. But that didn’t happen. The price of gold dropped to the lowest level since February 2016 after the election. Investors believe that Trump will spend aggressively on a stimulus package, thanks to the support he’ll get from Congress, according to the president of the U.S. Money Reserve, Philip Diehl. The U.S. Money Reserve is one of the largest distributors of government issued gold and silver coins in the United States. Phil Diehl is the former director of the United States Mint and a former chief of staff of the Senate Finance Committee.
Diehl and the executives at the U.S. Money Reserve have been talking to their clients about investing in gold and silver coins for the last couple of years. Rare gold and silver coins are popular investment vehicles these days, because the price of precious metals will continue to increase even though the election had a temporary negative impact on gold prices. Mr. Diehl is an expert in the coin industry. He is responsible for introducing the 50-state quarter program while he was the director of the U.S. Mint. The 50-state quarter program is one of the most successful initiatives in the mint’s history.
Even though the U.S. Money Reserve focuses on U.S. government issued coins, Diehl also believes the new Brexit coins that were recently introduced in the United Kingdom are another group that will quickly increase in value. The response to the Brexit coins has been better than expected. The £20 and £5 gold Brexit coins are beautifully designed. The U.S. Money Reserve is getting a lot of interest from investors in the United States, and other countries, because the initial amount of the Brexit coins is limited.
Angie Koch, the CEO of the U.S. Money Reserve, is a contributing blogger for the Huffington Post. Angie writes about issues that impact the people of the United States in her blogs. She writes about economic, political, and financial issues, so some of her future blogs will no doubt address the changes in the gold and silver market in 2017.
The U.S. Money Reserve continues to offer their clients the latest information about rare gold and silver coins. The coin market has changed over the last ten years. Collecting coins is not just a hobby anymore. Coins are purchased for retirement accounts these days because some gold coins are appreciating faster than ever before.