News About US Money Reserve And The Penny

Meet US Money Reserve

Before you get caught up on the latest news in our nation’s currency and those changes that will effect your life, take a moment to refresh yourself with US Money Reserve. You probably already have heard about US Money Reserve, and you may be well informed to know a great deal about them, but in case you don’t know what US Money Reserve is about, here is a little information about them and what they do for the US economy. US Money Reserve is the nation’s biggest company that distributes some of the world’s most precious metals. These precious metals are made of either silver, gold or platinum, and they are in the form of coins that are issued straight from the United States government offices. Knowing this information will help you understand the importance of the interview that will be described in this post. Follow them on Twitter.

About US Money Reserve President’s CNBC Interview

US Money Reserve employs over 100 different certified professionals that are specialists in the field of currency evaluation. One of these professionals is the company president, Phillip Diehl, who has taken time out of his schedule to appear on a popular American television show, CNBC’s highly rated Squawkbox. When he was on Squawkbox he revealed some important information about the trend in today’s currency in America.

Apparently, the trend is that the penny will be taken out of circulation as currency in America, which will be a huge change because it has been in circulation for a long period of time. Phillip Diehl says that this little piece of copper is no longer worth producing. In fact, he says that it isn’t even worth it for people to pick it up off of the streets when they see it shining in the sun. Phillip gave some insights when challenged by opinions of Andrew Sorkin.

Andrew Sorkin is someone who believes that this change in currency could throw off the economy, and he also thinks that it could create changes in inflation. Phillip Diehl believes this to be untrue, and he supports his opinion with the fact that the US economy actually does most of its business with electron transfers instead of the use of currency. In fact, electronic transfers make up 75 percent of the share.

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