The Industry Council for Tangible Assets (ICTA) Board of Directors chose U.S. Money Reserve president, Philip N. Diehl as the chairman of the board at their meeting last week. According to Crunchbase, Diehl was the vice chair of the Board of Directors before his current position, and he was the former Director of the U.S. Mint before he joined U.S. Money Reserve.
The ICTA Council is the “watchdog” for the rare coins, precious metals, and paper currency. Their role is to maintain a favorable climate throughout all the 50 states in the United States and provide a medium through which each member can confer and consult with the government and other agencies to achieve solutions affecting businesses.
Diehl is well-known in ICTA for his role in shaping the council’s legislative efforts at the state level. Some of the accomplishment of the ICTA include reforming a 2013 Minnesota statute that imposed unreasonable regulatory burdens for the bullion market in the state. Using his experience gained in Washington as a former state regulator, Diehl formulated ICTA legislative and communication strategies that enabled Minnesota state legislature to pass their bill.
Diehl is considered one of the most successful U.S. Mint Directors in the history of the United States. As the current president of the Money Reserve, he boasts to head the largest distributors of precious metals in the world. U.S. Money Reserve was founded in 2001 and it today serves hundreds of thousands of clients across the U.S. who rely on the agency to diversify their assets and safeguard their wealth.
The agency is uniquely positioned in the bullion industry with a team well trained for coin research and numismatic professionals with vast experience in the market. The team is responsible for finding products that have highest profit potential for gold buyers. The aim of U.S. Money Reserve is to go beyond the industry standards to establish a long-term relationship with clients and providing an exceptional customer service.
Gold has recorded high prices recently because of the uncertain economic patterns. A respected market speculator and investor George Soros recently urged investors to avoid China on investment saying that the debt levels are worrying and reflecting the moments before the 2008 financial crisis. The BREXIT vote was another reason gold has recorded the high price in the last two years. When Britain voted to leave the European Union, investors saw it as a threat to the global economy and a weakening EU.