Paper money and stocks are not as solid as gold, silver and platinum, according to U.S. Money Reserve President Philip Diehl. Mr. Diehl was recently interviewed by ePodcastNetwork.com, and he said gold prices are going to increase faster than anyone expected in 2016 for several reasons. Philip Diehl and the precious metal veterans at U.S. Money Reserve are telling investors that now is the time to invest in gold and silver coins.
The world’s economy is following in the footsteps of China, and China’s economy is stuck in the mud of several missteps by the Chinese government. Some investors are not connecting the dots between China and the United States, but Diehl said they should start because China has a strangle hold on the worldÕs economy.
In a recap of the ePodcastNetwork.com interview, PRNewswire.com said Philip Diehl isnÕt kidding when he said large investors are turning to gold and silver in 2016. Hedge fund investors are dumping stocks and reinvesting in the precious metal market. Investors are nervous not only about China, but they are also nervous about the health of the European Union.
There has been talk that the EU could collapse, and if that happens, gold prices will jump dramatically, according to Diehl. In fact, gold in London recently jumped 1.3 percent on news that the Netherlands rejected a trade deal with the Ukraine. The refugee migration is another issue that is tearing the EU apart, according to a recent Bloomberg.com article.
History shows that gold does well when economies stop growing, and there is proof that economies all over the world have stopped growing. A Crunch Base article supported the claim that even the Federal Reserve is being cautious now. Instead of pushing forward and raising interest rates, the Feds might decide not touch the rate, but if they do it will only help the price of gold.
Philip Diehl knows what he is talking about when it comes to how the government makes decisions. He served as the Director of the United States Mint under the Clinton administration, and he has been the director of the U.S. Treasury.
Investing in gold has always been the thing to do in China. Chinese investors are investing in gold now more than ever before, and that means gold and silver prices will continue to increase. U.S. investors are buying gold and silver coins from the U.S. Money reserve because they know that in bad economic times gold and silver always shines brighter.