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
Since hitting an all-time high of $3,500 in April, gold has consolidated and generally traded sideways in a range between $3,200 and $3,400 an ounce. Does this mean the bull run is over?
Through the first half of 2025, gold-backed funds globally reported the highest semi-annual inflows of metal since H1 2020 in the early months of the pandemic. After modest outflows of gold in May, flows flipped positive in June with ETFs...
While many Western investors still haven’t hopped on the gold bandwagon, Asian investors have been piling up yellow metal. For example, affluent Hong Kong investors have nearly tripled their gold holdings over the last year.
The pace of central bank gold buying picked up slightly in May. Globally, central banks officially added a net 20 tonnes of gold to their reserves in May, according to the latest data compiled by the World Gold Council. This compares to 14...
The dollar is “unattractive.” At least that's how UBS sees it. In a recent note, the Swiss investment bank said it is time to “reduce and hedge exposure to USD before further dollar declines.”
Turks are holding billions of dollars in gold “under their pillows.” The Turkish central bank estimates that Turkish households have more $311 billion worth of unregistered gold, most of it outside of the official financial system.
Every once in a while, you’ll hear somebody claim that gold is “a useless metal.” You may think I’m exaggerating, but I assure you, I’m not. I heard a commentator on MSNBC say it with my own two ears a few years ago.
Calls to bring Germany’s gold home are growing, and now voices in Italy are urging that country’s government to do the same.
Should the cost of storing physical gold and silver deter people from considering precious metals as an investment option? Idaho Governor Brad Little thought so.
After setting a record just over $3,500 an ounce in April, gold has consolidated and traded sideways since, and there is some bearish sentiment seeping into the market.
