Hometown Journey

U.S. Money Reserve can provide real protection against Venezuela-like collapse

The great investor Warren Buffett, who has earned nearly 20 percent returns for more than 60 years, has said that the main job of a competent investment manager is to never lose money.

This is a reflection of the simple fact that losing all of one’s capital just one time may spell doom for the investor. Time is the most valuable resource, and once 15 or 20 years of compounding returns have been lost, there is no chance to ever recover them.

U.S. Reserve is the single most trusted name in the distribution of precious coins throughout the United States. While U.S. Money Reserve doesn’t claim that precious coins are the best investment available, it does claim that they are a necessary hedge.

While gold, silver and platinum coins have registered substantial returns historically and are poised to perform far better over the next 20 years than they ever have before, relative to other asset classes, the real value of a financial strategy that uses precious coins is that it will often enjoy almost bulletproof protection against massive loss.

Expert financial planners at U.S. Reserve recommend that between 10 and 25 percent of a person’s portfolio be kept in precious metals. And, by far, the best way to invest in precious metals is through taking physical possession of the coins. U.S. Money Reserve’s founder, Philip Diehl, was the head of the U.S. Mint under the administration of Bill Clinton.

Even as lifelong member of the establishment, Diehl says that physically possessing precious coins is an absolutely imperative hedging strategy. He points out that systemic risks in the U.S. economy have been multiplying over the last 10 years.

At no time in the history of the United States has there ever been higher risk for a devastating economic collapse that could send the country spiraling into a depression worse than the one of the 1930s. Read more: US Money Reserve | Bizjournals and US Money Researve | Instagram

Looking over the history of the global economy, it is easy to see that there has only been one asset class that has been able to whether almost every panic, market crash and depression since the time of the Romans. That asset class is precious metals. Learn more about US Money Reserve: https://www.bizjournals.com/austin/cotm/detail/545/US-Money-Reserve and https://www.usmoneyreserve.com/why-buy-gold/

Simple economic theory tells us that precious metals are not the best investment; they represent an idling of otherwise-productive capital that could be invested in production.

But precious coins have also proven to be the single most effective hedge against devastating financial collapse, the kind that may, in all likelihood, soon be coming to America.

The US Money Reserve and the plight of the penny

Once upon a time, there was a common belief here in America that if you found a penny lying on the ground face up it was good luck and by picking it up the rest of your day would go perfectly. Is this still the case? If you were to find a penny on the ground would you take the time to bend over to pick it up? Unfortunately, in this day and age rife with inflation, one penny does not do much so the answer more times than not is to leave Abraham Lincoln lying on the ground with regards to the U.S. Money Reserve. This being the case, there is now an ongoing debate going on at the Federal level on whether or not the 1 cent coin should be discontinued.

According to Retail Mont, in modern America only 25% of all transactions deal with cash. The remainder is completely dominated by the use of electronic currency. With the constant rise in internet usage the data shows that the elimination of the penny will not negatively affect commerce in any way.

However, by removing this denomination from the financial system the Federal government will save 105 million dollars a year annually. You may wonder how such a low valued coin could be costing the government so much money? The truth is that penny production has been outsourced resulting in the price per coin to rise to a whopping $2.41 (US).

Add to this the fact that a cashier spends about 730 seconds per year handling pennies and the cost for “Ol’ Abe” rises to about $900 million dollars a year according to Robert M. Whaples, an economics professor at Wake Forest University. I’m sure that I don’t have to go into detail about how this affects the United States economy. In situations where we generally use coins like pay phones, parking meters and vending machines pennies are not acceptable forms of currency. So the question that we must ask ourselves is was Benjamin Franklin wrong when he said, “A penny saved is a penny earned?”

Below you will find the Good Search interview of Philip Diehl, the U.S Money Reserve President, where he speaks candidly about the demise of the penny.