Phillip K. Diehl, the former director of the U.S. Mint and CEO of U.S. Money Reserve, called a meeting of top-level officials last week in Austin, Texas. The theme of the conference was the current threats facing the U.S. and global economy. In particular, Diehl aimed to get input from the world’s top economic minds on the implications of the many converging trends that have historically led to hyperinflation.
Gold may be the only hedge Americans have
One topic of the meeting was the role that gold and silver coins can play in the face of extreme systemic risk. Diehl has long maintained that gold and silver are the layperson’s hedging strategy. Diehl says that there are no other asset classes that have historically posted such compelling records as effective hedges than both physical gold and silver.
One of the great services that U.S. Money Reserve offers is to give average Americans the opportunity to take physical possession of this historically robust natural hedging instrument. Diehl says that in cases of a severe systemic shock, it is likely that contract enforcement may become difficult to impossible. Learn more about U.S. Money Reserve: http://finance.yahoo.com/news/u-money-ceo-angie-koch-121500601.html and http://www.prnewswire.com/news-releases/us-money-reserve-encourages-visitors-to-explore-its-new-website-and-e-commerce-coin-catalogue-300225181.html
For this reason, Diehl contends that gold and silver ownership should not be viewed as a sufficient hedge against systemic collapse unless it is actually taken into physical possession by the owner.
As far as the nature of the economic threat, Diehl and other speakers gave convincing arguments that the U.S. economy is at a historic crossroads.
Problems such as constantly expanding, record-level real unemployment, the retiring Baby Boomer generation, the refusal to leave the workforce of many Americans over 65 and many other issues are brewing in a cauldron of economic turmoil that Diehl believes will eventually lead to Venezuelan-style hyperinflation. If that happens, tens of millions of Americans could see their life savings wiped out and end up with no means on which to survive, much less retire.
About U.S. Money Reserve
Since its founding in 2008, U.S. Money Reserve has become the largest distributor of U.S.-issued gold and silver coins in the United States. But the company is much more than an ordinary gold and silver coin dealer.
Employing financial planners, economists and market analysts, U.S. Money Reserve helps its customers use their gold and silver purchases as part of a larger hedging strategy, allowing for millions of Americans to gain the same level of protection against market volatility as investment professionals.