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
Due to a combination of central bank gold buying and the surging price of gold, gold has overtaken the euro as the world’s number two reserve asset. But it’s not so much that gold is replacing the euro. It is supplanting the dollar.
The May CPI report is ratcheting up pressure on Jerome Powell and the Federal Reserve to cut interest rates. In other words, the perception that the inflation problem is solved is raising the specter of more inflation.
With the U.S. weaponizing the dollar and trade, some people in Germany are calling on the Bundesbank to move at least some of its gold out of New York and bring it home to minimize the risk of U.S. meddling.
Supporters of tax cuts argue that they eventually "pay for themselves" and lower deficits through economic growth and increased revenue, even without significant spending cuts.
Central banks have been aggressively adding gold to their reserves over the last three years, and several African banks are poised to join the party.
For the first time in five months, gold-backed ETFs globally reported modest outflows in May as investors took profits.
Incentives matter. Policymakers ignore this axiom at their own risk. The U.S. government’s weaponization of the dollar has made many countries wary of holding greenbacks, and we’ve seen an accelerating de-dollarization over the last few...
Central bank gold buying moderated in April, as the gold price hit record levels. Globally, central banks officially added a net 12 tonnes of gold to their reserves in April, according to the latest data compiled by the World Gold Council...
Gold mine output has been basically flat since 2018. Could this signal that we are at or near “peak gold?” Gold mines globally produced an estimated 3,661 tonnes of gold in 2024. It was a new record, but only 3 tonnes higher than the...
On family vacations to the beach, my dad loved to tinker with a metal detector. I’m pretty sure he wasn’t motivated by the potential for riches because he never found anything more than some change and the occasional metal can. My mom used...
