U.S. Reserve is the most trusted name in precious coins throughout the United States. As the largest distributor of sovereign-minted coins in the United States, U.S. Money Reserve strives to help its customers find the precious coins that meet their needs, whether they are buying coins purely for the aesthetic value or as part of a long-term financial strategy.
Founded by the 35th director of the U.S. Mint, Philip Diehl, U.S. Reserve has established itself as the top dog in the U.S. numismatic trade. No one in the country has helped more satisfied customers to get the precious coins they desire or to design viable hedging strategies against ever-increasing market risks.
A word from Philip N. Diehl on the U.S. economy
Philip N. Diehl is one of the foremost numismatic and financial experts in the country today. He was appointed by Bill Clinton to head up the U.S. Mint.
While there, Diehl was able to increase the profits of the public organization from $700 million to over $2.6 billion, with all proceeds flowing directly to the country’s taxpayers. Read more: US Money Reserve | Facebook and US Money Reserve | Youtube
However, Diehl has recently talked at length about the unprecedented risks currently facing the U.S. economy. Diehl says that the United States is currently facing structural problems with its monetary, fiscal and economic policies that may prove to be intractable. He points to the current pension crises in states like New Jersey, Illinois and California as an example of the kind of problems that the country is facing.
Diehl says that in the state of Illinois has been utterly incapable of even beginning to fix its pension crisis. Politicians have promised benefits that are unsustainable. And the voters have voted them in each time.
Those who have raised alarm bells have been hectored off stage and out of the political arena by public employees unwilling to take any cuts to their promised benefits. Now, says Diehl, the state is at the point of no return. Just as in the case of Detroit, bankruptcy is inevitable.
Diehl says that Illinois will follow the path of least resistance, just as in all fiscal crises seen in democracies. This means that the state will eventually declare bankruptcy. It will then turn to the federal government to bail it out. This will cost hundreds of billions. Learn more about US Money Reserve: https://www.bizjournals.com/austin/cotm/detail/545/US-Money-Reserve and https://www.indeed.com/cmp/U.S.-Money-Reserve
Those hundreds of billions will be multiplied as many other states follow suit. The end result will be hyperinflation, the collapse of the U.S. dollar and, as seen in Venezuela, the implosion of virtually every asset class.
The only real hedge, says Diehl, is the physical possession of precious coins.