Philip Diehl on the Booming Business of Gold Coins
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Hello and welcome to another episode of the Odd Lots Podcast. I'm Jill Weisenthal.
And I'm Tracy Alloway.
Tracy, you've actually uh benefited a little bit from this move up in gold lately, right? You're a you're a bit of a a a bullion hoarder, right?
I thought you were about to call me a gold bug.
I know you're not an I know you're not a full on gold bug. You're uh but you're like gold bug adjacent or silver bug adjacent or something like that.
I let me just be clear. I have um inherited my long gold position, I guess, and and silver as well. So for some reason Every year for my birthday and for Christmas, my dad gives me either a gold coin or a silver coin from his personal collection. I he got it in his mind that like I I really enjoy coins, I guess. And now I kind of do. It there is something satisfying about having physical coins and sitting there and I don't stack them on YouTube or anything, but I do like to check occasionally that they're still there and I do get uh a little bit of satisfaction when when I look at my little my little pile of gold and silver.
I have to say, you know, the one thing I've I don't own any physical uh gold. I do like the idea of owning a bunch of silver and stacking it on a table and doing a YouTube video about that. Everyone should go look at the silver stackers on YouTube, which are great. I would be scared, you know, you could like bury them somewhere like out in the wilderness of Connecticut. Uh I would be scared to hold a lot of uh boyon on my person and then I would be scared to hold them in a bank because if sis everything goes bad, is the bank even gonna be open in a safe deposit box? So I like the idea in theory of having a lot of precious metal. Anyway. Precious metal has been doing really well lately.
It has. I was just looking at a chart of gold. So it hit another record high, uh, just at it sort of mid April. And then it came down quite a bit. And now it's up again. Like we're almost back to that record.
It's pretty extraordinary. Gold is um is sort of living up to the hype because there's all this chaos and all everything in the markets and the economy and politics and gold is up. So hats off. Yes.
You know what I like about gold?
Tell me.
I like the advertisements that you see on T V. And the interesting thing to me is like obviously the companies that are doing those ads are pitching an investment, but so much of the investment pitch is sort of mixed up with cultural values. Totally. So for instance, I was watching one earlier in preparation for this episode, and they were talking about how when you're walking down inflation boulevard and global instability. Avenue, you really need the safety of a gold coin, which not only represents security uh via gold, but also the security of the United States of America. Like you get all these cultural references wrapped up in coins. Yeah.
To a hundred percent. And every coin has its design and it evokes all this stuff about heritage and everything. Anyway, I'm really excited because we actually do literally have the perfect guest um because it touches on many things that we're interested in.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–5:16
2
Why are gold prices soaring and how does that spark interest in gold coins?
5:16–25:07
3
How did the Sacagawea dollar and 50‑State quarters influence modern coin design?
25:07–29:19
4
What is US Money Reserve and how does Philip Diehl describe its business model?
29:19–41:03
5
Which factors make a gold coin popular and sellable?
41:03–44:36
Speakers
7 identifiedMore from Odd Lots
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