The Allure of Gold and Silver Coins

Gold prices have been booming and are near record highs. And seeing the line go up — especially during a period of so much uncertainty —  makes people want to buy more. That includes acquiring actual gold coins. But where do gold coins come from? Why do people want coins, as opposed to just bullion? And who is buying them? On this episode, we speak with Philip Diehl, the president of gold vendor US Money Reserve. Earlier in his career, he was the 35th director of the US Mint, where he was instrumental in such endeavors as the 50 States quarter project, the Sacagawea dollar coin, and also the language that allows for the creation of the trillion-dollar platinum coin. We talk all about the business and supply chain of coinage, and who's buying these coins today.

Watch on YouTube
Read more: Gold Advances as Market Weighs Upcoming US-China Trade Talks

Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox -- now delivered every weekday --  plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots

See omnystudio.com/listener for privacy information.