Though the U.S. Reserve serves as a source to buy gold and silver in order to provide financial stability, the firm still is willing to shell out its own fortunes for a good cause.
After the events of Hurricane Harvey devastating much of the Texas Gulf coastline, the U.S. Money Reserve recently announced a partnership with the Austin Disaster Relief Network (ADRN)to help provide relief toward the hurricane victims.
ADRN is a nonprofit organization and the U.S. Money Reserve willingly joined forces with the group in order to provide financial assistance and emergency housing transportation to those who were hard hit by Harvey, both physically and financially.
Harvey became the first major hurricane to make landfall in 12 years and battered southern Texas, other parts of the Gulf Coast, and the Caribbean. In all, Harvey caused between $70-$200 billion in economic loss, many through uninsured homes. Read more: US Money Reserve | Built In Austin
Many employees under the U.S. Money Reserve were also affected by the hurricane, so the natural disaster hit particularly close to home for the firm. The city of Houston was hit especially hard and the company is mindful of the city community’s support during its early days when it began in 2001.
In response, the U.S. Money Reserve set up a relief fund in which 100 percent of the proceeds are going be for immediate financial assistance to hurricane victims. The U.S. Money Reserve also will match donations up to $100,000.
In addition to lost homes, the Houston area has been hit by water issues and even chemical and hygiene problems. Though most of the losses will eventually be covered through federal aid, but more is needed. That is why such nonprofit organizations like ADRN has been set up.
The U.S Reserve is now among the largest private distributors of precious metals, both U.S. and foreign based. It has developed a client list of 400,000 and has been recognized for its strong practices within the precious metals industry.
Now led by Philip N. Diehl, a former U.S. Mint director, it is a leading expert when it comes to metals such as gold, silver, and platinum.