Why the US Money Reserve Made the News This Month

The US Money Reserve is home to great names like Philip Diehl, who was named Chairman of the Industry Council for Tangible Assets. Diehl was just voted in by way of a meeting within the last 7 days. Diehl was a popular choice among those who voted, mainly because of his experience with the US Money Reserve as well as the US Mint. The move was comfortable for Diehl because he was previously Vice Chair for the committee.

The Industry Council for Tangible Assets (ICTA), has long been regarded for their position in the marketplace as the “watchdog” for rare items. The sale of gold bullion among coin dealers, melters, and refineries calls for careful scrutiny of what takes place on a daily basis. The basis for these cash businesses has been under the watchful eye of this committee for rare coins and paper money as the market began to boom back in 2007 when the U.S.economy took a nose dive. A call for regulation is much needed and is not without some drawbacks within communities. Read more: https://www.usmoneyreserve.com/blog/u-s-money-reserve-honored-excellence-media-industry/

Diehl is turning heads as he approaches the bullion industry in a way that would be favorable for those involved in numismatics. His job was to go back and review a statute in Minnesota that put pressure on those who were coin dealers as well as the customers. The perspective was viewed as making it difficult for customers to buy gold bullion or silver when desired. Many states have attempted to impose a high tax on gold, causing many to shy away from stockpiling gold and silver in the case of an emergency.

Diehl has now passed the bill that he and his committee have come up with, and they are now saying that this was “the most ambitious legislative effort that the ICTA had ever undertaken at the state level.” He was able to get the statute reformed, and Diehl has used his vast experience in Washington to bring positive change to the bullion marketplace.

Diehl has a lot to bring to the table for any council he becomes a part of. As the Director of the U.S. Mint, and as a legislator in Washington, Diehl is the right man for the job for the ICTA.