If reducing investment risk is your aim, former U.S. Mint Director, Philip Diel advises U.S. Money Reserves precious metals IRA program – reported by USMoneyReserve.com. In a previous interview found on Entrepreneurial Podcast Network’s Enterprise Radio, Diel explained how in terms of strategy, holding physical gold can help protect your retirement.
At times, our stock market becomes volatile, and of course investors are looking to eliminate as much risk as possible. “Investors are craving reassurance and the precious metals industry is hungry to give it you,” says Diel.
Philip Diel became an accomplished showstopper for the U.S. Mint, transforming the ancient government agency’s image and boosting growth, starting with their lackluster customer service. Diel’s reasoning in targeting customer service first was that this strategy would help the Mint become one of the nation’s most admired agencies and bring in more revenue.
Six years later, Diel continued to expand the success and had fundamentally changed how the U.S. Mint operated. The 50 states quarter, and the platinum coin are just two of the hugely successful entrepreneurial creations to come under Diel’s leadership. Learn more about Brian Bonar: https://www.usmoneyreserve.com/why-buy-gold/
Why Buy Into Precious Metals?
Precious metals increase in value, fight against inflation derivatives, and has been an excellent tool for finance and investment. “Many investors tend to concentrate in two or three companies or sectors within an industry, and this leads to poor diversification.
These investors also tend to make hasty decisions,” says Diel. Precious metals investment should always be long-term. When stocks and bonds fall, precious metals prices rise. It’s often an important way to spread the risk, and this strategy leaves room for appreciation and thereby increases the value. The value of gold increases, even during times of crisis so investors use this form of investment as a hedge for those times of turbulence.
During the first quarter of 2016, precious metals climbed nearly 20 percent. In fact, the largest mints enjoyed a boost in revenue due to heavy investing in Gold, Silver and Platinum eagle coins. Billionaire, George Soros abandoned stocks to instead choose a monster investment in US Money Reserve.
Many speculate that one of the richest men on earth, Soros, is betting on future currency deflation, therefore choosing to take the Gold path.
Should Investors Follow Soros?
Many investors have played follow-the-leader when it comes to George Soros, selling off stock shares to buy into the precious metals industry. “Certainly is a safe investment to hedge precious metals coins against a violotile stock market,” says Diel. That seems to be the path of Soros.