Mike Maharrey
Mike Maharrey is a journalist and market analyst for MoneyMetals.com with over a decade of experience in precious metals. He holds a BS in accounting from the University of Kentucky and a BA in journalism from the University of South Florida.
Mike Maharrey Articles
The Chinese government has tried to internationalize the yuan and raise its stature as a global currency for decades. Hong Kong's ascension as a prominent yuan-denominated gold trading hub is giving that effort a big boost.
China is piling up gold. Why? The mainstream is starting to ask this question, and it seems to have a pretty good grasp of the answer.
If you want to know why central banks are stacking gold, ask a central banker. Last month, global gold reserves increased by another 39 tonnes, as central banks continued a buying spree that began several years ago. Bundesbank President...
Despite tremendous price pressure on gold from rising yields, more metal flowed into gold-backed ETFs last month, driving fund holdings to a new record.
The central bank gold spree continued unabated in August, with global gold reserves increasing by a net 39 tonnes. Year to date, central banks globally have reportedly added approximately 170 tonnes of gold.
Bond yields have risen to levels not seen since 2007. This has created significant headwinds for gold and silver; however, the metals have shown more resilience than one might expect in this environment.
Last March, President Donald Trump sat in the Roosevelt Room admiring 10 Venezuelan gold bars. White House officials said they joked about keeping the gold as aides snapped photos. (They weren't exactly kidding, by the way.)
The Treasury market is in meltdown, and the sector propping it up could ultimately deepen the crisis. The 10-year Treasury yield surged to 5.33 percent overnight, the highest level since 2002. Gold Newsletter publisher Brien Lundin called...
Ask pretty much anybody, and they’ll tell you we have an inflation problem. But what does that mean? And how did it happen? Most people have no clue.
The Indian gold market is cautiously optimistic as we approach the festive gold-buying season. Higher prices continue to weigh on gold jewelry demand even as they support investment purchases. Meanwhile, wedding buying appears “resilient...
