The President of the U.S. Money Reserve, Philip N. Diehl, was named the new chairperson of the Industry Council for Tangible Assets (ICTA) at the Board of Directors Association meeting this past week.
Diehl, who is the U.S. Mint former director, has been serving as the vice-chairperson of ICTA Board of Directors before being named its Chairperson. ICTA is the “watchdog” for the paper money, the rare coins, and the precious-metal bullion communities.
They maintain a regulatory climate that is favorable throughout all the 50 states of the U.S. and provides the medium through which its members may consult, confer, and cooperate with and educate national and other agencies in achieving solutions to the problems that affect businesses. Read more: U.S. Money Reserve featured on EPN’s Enterprise Radio
Diehl is crediting with accomplishing and leading the most determined effort in the legislature that the ICTA has ever undertaken at the level of every state. This is a project that involves the reformation of the 2013 Minnesota State Statute, which compulsory unreasonable governing burdens on numismatic and bullion customers and dealers.
As a former state regulator, utilizing his experience in Washington, Diehl designed and executed ICTA communication and legislative strategies. In the long run, ICTA and Diehl successfully had the pass of the bill in Minnesota Legislature that Governor Mark Dayton signed in May 2016.
Philip Diehl, as the new chairman, has his goals to focus on increasing the value of ICTA to all members, growing the membership of ICTA financial and base resources, and improving cooperation and communication among major organizations in the industry.
“To serve in the capacity of this great organization gives me great honor,” said Diehl. ”I am so excited about our initiatives in strategy and the very rare opportunity granted to me to push ICTA forward as the leading association for regulatory affairs and numismatic legislative.
Diehl is considered to be the most accomplished Directors of the U.S. Mint in history, and as the president of the largest foreign government-issued and private distributor of platinum legal tender, silver, and gold products, he is considered as a trustworthy and credible source for the precious metal market.
According to Manta and Glassdoor, The U.S. Money Reserve was founded in 2001and is now the world’s largest foreign government-issued and the private distributor of the U.S. silver, gold and platinum lethal tender products. Numerous clients across the country rely on the U.S. Money Reserve to have their assets diversified with the precious metals.