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Silver & gold surged 500-700% in 5 years - two former U.S. Mint Directors give unique insights
News provided byUS MONEY RESERVE
Nov 22, 2022, 5:00 AM ET
AUSTIN, Texas, Nov. 22, 2022 /PRNewswire/ -- This week on U.S. Money Reserve's "In Conversation" 35th Director of the U.S. Mint (1994-2000) and U.S. Money Reserve President, Philip N. Diehl and 38th Director of the U.S. Mint (2006-2011) and U.S. Money Reserve's Senior IRA Strategist, Edmund C. Moy, discuss the increase in demand for gold and silver bullion coins.
Watch the latest video to learn more.
Director Diehl believes the rarity and quality of coin can impact the demand and price of a bullion coin. Despite the increase in demand for bullion coins over time, the process for minting these coins has kept up and can produce museum-quality coins.
When Director Moy's tenure at the U.S. Mint began in 2006, demand for silver bullion coins was roughly 10 million ounces/per year. When he left in 2011, demand for silver bullion had increased by almost 500% to 47 million ounces. Similarly, demand for gold was close to 200,000 ounces at the start of Moy's tenure but had surged to 1.4 million ounces, approximately a 700% increase.
Learn more insights from these mint directors on U.S. Money Reserve's website: https://www.usmoneyreserve.com/news/executive-insights/
About U.S. Money Reserve, America's Gold Authority®
U.S. Money Reserve is one of the nation's largest private distributors of U.S. government–issued gold, silver, and platinum products.
Founded in 2001, U.S. Money Reserve has grown into one of the world's largest private distributors of U.S. and foreign government-issued gold, silver, and platinum legal-tender products as well as precious metals IRAs. Hundreds of thousands of clients across the country rely on U.S. Money Reserve to diversify their assets with physical precious metals, primarily in the form of U.S. gold and silver coins.
U.S. Money Reserve's uniquely trained team includes coin research and numismatic professionals equipped with market knowledge to find products for precious metals buyers at every level. U.S. Money Reserve goes above the industry standard to provide superior customer service, with the goal of establishing a long-term relationship with each and every one of its customers. U.S. Money Reserve is based in Austin, Texas. Like them on Facebook, connect on LinkedIn, and follow them on Twitter.
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SOURCE US MONEY RESERVE