U.S. Money Reserve was recently discussed on Enterprise Radio hosted by Eric Dye. Philip N. Diehl, President of U.S. Money Reserve, discussed the history of this firm, their principles, and the philosophies that contribute to the overall success of the nationÕs largest distributors of government-issued Gold, Silver, Platinum and coins.
When Diehl was asked to discuss his background in the precious metals market, he reminded Eric Dye that he was the Director of the U.S. Mint. During Bill Clinton’s Presidential term he appointed Philip Diehl as Director of the U.S. Mint. Diehl held his position for several years and considered that period of his career to be most rewarding and provided him the background and experience to head the U.S. Money Reserve.
U.S. Money Reserve stands out from its competitors because of the in-depth training provided to the staff, broad knowledge of all the golds in the world and the grades of gold and silver, and the history of precious metals relating to economic challenges around the world. U.S. Money Reserve prides itself on customer service. Their goal is not to acquire clients, but to offer superior service and maintain their client-base for decades to come. Their client base in numbers exceeds several hundred thousand members, and they have the staff and education to maintain their client base. One of DiehlÕs achievements has been the ever-popular 50 States Quarter Program, launching the first-ever U.S. Government-issued platinum coin.
When asked what he felt impacted the gold market over the last two decades, he quickly responded by saying, when people ask him this he focuses on four factors in which US Money Reserve must meet according to a report on PR News Wire. One is the 2008 financial crisis, and it created a lot of fear in the market, and when there is fear in the market, there is a flight to quality and wealth insurance, a store of value. Gold has played that role for thousands of years and it will for many decades and for centuries to come. Secondly a new demand from gold Gold ETF, Electronically Traded Funds.
Another factor is speculation and uncertainty of the direction of monetary policies from Federal Reserves. What ETF gave in the bull market before 2011 it took away in the bear market. The liquidity of ETF led to a lot of volatility in the market accelerating the downturn. Lastly the rising value of the dollar, which is an offset growing demand for gold. People donÕt realize that approximately 65% of the demand for gold are out of China and India.
Additional information can be located at http://www.USMoneyReserve.com. Or to listen to the podcast of Enterprise Radio, you can listen through https://twitter.com/moneyreserveinc
FORMER DRUG CEO MARTIN SHKRELI SKIPS CONGRESS’ CALL TO TESTIFY
If Congressional leaders thought they would get answers from former pharmaceutical CEO Martin Shkreli regarding his purchase of a number of drugs and then dramatically increasing the price, they were disappointed. Mr. Shkreli evoked his U. S. Constitutional Fifth Amendment Right against self incrimination on all questions presented to him by the congressional forum. With close ties to Laidlaw & Company and other investment bankers, Mr. Shkreli almost could not contain his disdain for the congressional forum seeking answers in his actions to increase the price of a drug fifty times over overnight.
Shkreli, was the CEO of Turing Pharmaceuticals, before he was indicted on United States securities charges for fraud, this past December. As Shkreli continued to press his right against testifying, various members of the Congressional “House Committee on Oversight and Government Reform” expressed their anger toward him. One member threaten to find Shkreli in contempt but decided to take no action. This did not keep Shkreli from expressing his contempt for the Congressional hearing by tweeting the the members of the Congressional panel were “imbeciles.”MARTIN SHKRELI REFUSES TO TESTIFY
The members of the panel have not indicated whether they would take any further action. Legal experts doubt that further hearings will be called while Shkreli is under indictment. If found guilty of the federal charge levied against him, Shkreli could face up to ten years in federal prison. Shkreli has not been scheduled a new court date yet.
As a serial entrepreneur, Brad Reifler has years of valuable experience as an investor as well. He has worked successfully with and for several U.S. based companies as well. His early career was spend working up the ladder, and he has now enjoyed his successful founding of Forefront Capital, LLC.
In the early part of the 1980’s is where Reifler’s career began. His independence came in the form of Reifler Trading Company. The firm is world-renowned and boasts discretionary accounts into the hundreds of millions of dollars that it manages. An evolution has taken place of these accounts that has led to institutional research, dissemination of information, execution services, and the advisory of global derivatives. Now, RTC is one of the largest and most predominant futures oriented operations. Back in the year 2000, Reifler sold it to Refco Inc., which is the largest futures company in the world.
Before this sale, Reifler was already expanding into offering professional financial services. He is trusted globally thanks to his ability to deliver on promises. Founding Pali Capital was another milestone for him in 1995. As a sell side broker that dealt only in the equity markets, he was able to differentiate his strategy and expand into hedge funds as well while maximizing market capture. Instead of advising the funds on buying or selling, he synthesized their ideas and mixed them with top research and analyses on the structures of derivatives. He then taught them how to sell these packages well. Pali enjoyed incredible growth over 13 years during Reifler’s tenure as CEO. The company exceeded $1 billion in income from commissions, was able to successfully employ more than 300 individuals, and had four continents with office locations.
As of now, Reifler is focused on Forefront Capital, LLC. The company has many subsidiaries which include Forefront Partners and Forefront Advisory, LLC. He is busy being the CEO and founder of the company. Ever since 2009, when he founded it, he was differentiated the product offerings and thanks to the many subsidiaries under the umbrella, he is able to deliver on those value propositions. This has attracted investments from business leaders, investment bankers, advisers, and more to the firm. More than 30 years of combined Wall Street experience have bolstered a strong community around the Forefront community.
Notable figures and members include members on the boards of Fortune 500 and Fortune 100 companies. One member received the Nobel Prize of Economics from China. This strong community helps members create strong and lasting relationships for success. Brad is also well known for his time providing tips and insider expertise through his Reuters articles.
In order to survive and thrive as a strong company, it is necessary to have a CEO who understands how the industry works and who has the education and work experience to propel the business to the top. That is exactly what Shaygan Kheradpir brings to Coriant as the newly hired CEO of the company. He has the experience and background to prove successful in almost any field, but he decided to work with Coriant in order to provide the company with a business professional who has seen just about every angle of corporate functionality.
Shaygan Kheradpir is originally from London but moved to Iran with his father. As a successful ear, nose and throat doctor, his father gave him the financial stability to study college in the United States and eventually receive not only his undergrad, but his Master’s and Ph.D. from Cornell University. Following his upper end education, Shaygan Kheradpir went on to work with GTE in 1987. He stayed with the company until it merged with Bell Atlantic 13 years later in 2000. Upon the creation of the merger the company became what is now known as Verizon Communications. He initially worked with the diversification department in order to create different services in the telecommunications field, eventually receiving the tittle of CIO/CTO.
While with Verizon, he helped create the beginning of the company’s FiOS service, which is now a fiber optics Internet service found in pockets around the United States. He also helped create the first DVR for the company as well. All of this brought a considerable amount of attention to Shaygan Kheradpir and made him an attractive board member for other companies. Barclays eventually went on to pick up Shaygan Kheradpir in 2011 and made him their COO for the Global Retail and Business Bank department. He helped created different customer products including the mobile payment software from the company known as Pingit. While with Barclays he went on to become the COO and the CTO. Three years later he moved on to Juniper Networks to become the CEO of the company and eventually moved on from there to become the CEO of Coriant.
Coriant has started to push the company forward and has helped the company thrive as a business in the private equity field. This way, the company has proven to be financially responsible and has grown its assets since Shaygan Kheradpir took over.