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.

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

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Gold prices have been booming and are near record highs. And seeing the line go up &mdash; especially during a period of so much uncertainty &mdash;&nbsp;&nbsp;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 <a href="https://youtube.com/playlist?list=PLe4PRejZgr0MuA6M0zkZyy-99-qc87wKV&amp;si=1iYRySugDGj7CJVX">YouTube</a> Read more: <a href="https://www.bloomberg.com/news/articles/2025-05-08/gold-edges-higher-as-market-weighs-implications-of-us-uk-deal?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article">Gold Advances as Market Weighs Upcoming US-China Trade Talks</a>
Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox -- now delivered every weekday -- &nbsp;plus unlimited access to the site and app. Subscribe at&nbsp; <a href="https://www.bloomberg.com/subscriptions/oddlots?in_source=oddlotspodcast">bloomberg.com/subscriptions/oddlots</a>

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Tuesday and Thursday for interviews with the most interesting minds in finance, economics and markets.

Odd Lots

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday and Thursday. 

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday and Thursday.

Philip Diehl on the Booming Business of Gold Coins

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/78c10c87-ea44-467c-8db4-b2d8012010e5/transcript

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