Profound changes have swept the U.S. economy over the last 60 years. Stagnating wages, increasing wealth inequality and vastly increasing levels of consumer debt have all created a situation of uncertainty. The incredibly cheap interest rates of the last few years have led to a frenzy of share buybacks, causing the equity markets to soar to unprecedented heights.
Phillip Diehl, the founder of U.S. Money Reserve, recently convened a meeting of top-level gold industry experts to discuss these issues and how they relate to the gold industry as a whole. Diehl has always been a firm believer in the idea that gold is best viewed as an effective hedge against both hyperinflation and market volatility.
As the only asset with a proven track record, dating back hundreds of years, of being able to successfully insure wealth, Diehl sees it as his mission to proselytize the nation’s citizens on the value of using gold to hedge against future uncertainty. Read more: Working at US Money Reserve | Glassdoor and US Money Reserve | Manta
During the meeting, Diehl unveiled a report that he himself had authored. The U.S. Gold Report details how a confluence of historically unique economic circumstances are making the U.S. and global financial markets more unstable than ever. Diehl points to such issues as government mismanagement and decreasing purchasing power of U.S. citizens as potentially catastrophic issues that may not be able to be checked in time.
Diehl says that the State of Illinois, which is currently approaching the point of total insolvency, has so much economically in common with the country as a whole that it appears the entire country will be heading in the direction of that state over the next 10 to 15 years.
Diehl warns that the consequence of this will inevitably be hyperinflation of the kind not seen in the United States in the last 150 years. Life savings could be completely wiped out and people left with nothing for retirement. For many, gold is the only viable option to fully hedge against the immense systemic risks facing U.S. citizens today.
About U.S. Money Reserve
U.S. Money Reserve was founded in 2008 by former U.S. Mint director Phillip K. Diehl. It has grown into the single largest distributor of U.S. coinage, serving millions of customers and allowing people to gain a level of financial security that only hedging with gold and silver can provide.