first majestic silver

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

Even Nigeria is now bringing its gold reserves home to keep it safe from the West. According to a report by The Star, Nigerian officials decided to repatriate the country’s gold in April “to mitigate risks associated with the weakening U.S...
A colleague recently discovered a website called "WTF Happened in 1971?" The entire main page is filled with charts and graphs. All of them show some kind of significant shift beginning in 1971. There are over 75 of them!
Despite the generally negative attitude toward gold you hear in the mainstream financial media, the vast majority of professional investors in North America own at least some gold and the number has been growing in recent years.
As war wages across their eastern border, Poles seek safety. And they’re finding it in gold. Russian troops stormed across the Ukrainian border on Feb. 24, 2022. It was Fat Tuesday; a day Poles typically line up for jelly-filled donuts...
The investment world generally treats gold like a second-class citizen. Sure, the mainstream will sit up and take notice during a strong bull run, but generally, the financial media and investment gurus tend to spurn the yellow metal. 
You know gold is doing well when the mainstream sits up and takes notice. The mainstream financial pundits specifically, and the media in general, are typically apathetic about gold at best. More often than not, they’re downright...
A few weeks ago, gold sold off on news that the People’s Bank of China didn’t add any gold to its reserves in May. At the time, I called it a “kneejerk reaction,” and said the news wasn’t “a particularly good reason to sell gold.”
Since mid-2021, we lived through the worst price inflation since the 1970s. CPI peaked in June 2022 at 9.1 percent. During this inflationary period, a lot of people sold gold as evidenced by the rangebound price through most of 2023. Was...
The Biden administration ran the biggest monthly budget deficit of the year in May as it continues to spend money hand over fist.
According to the World Gold Council head of Asia-Pacific and global head of central banks Shaokai Fan, the “center of gravity” of the gold market has shifted to the East. Gold consumption by emerging market economies is rapidly rising and...

The world’s gold supply increases by 2,600 tons per year versus the U.S. steel production of 11,000 tons per hour.

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