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
Gold has dropped more than 11 percent from its all-time high of just over $5,102 an ounce in January, and selling pressure continues to dominate the market. A well-established mainstream narrative is driving the bearish sentiment. However...
A new Hong Kong-based gold-clearing system will launch in July as part of the Chinese Special Administrative Region’s (HKSAR) push to become a global gold trading hub.
Earlier this year, the Ghanaian government announced a scheme to buy 127 tonnes of gold from “artisanal” and small-scale mining (ASM) operations to boost reserves and stem smuggling. Now the government is asking large-scale miners in the...
Gold primarily functions as a financial asset; however, it has other practical uses, despite the ignorant assertion by some that it is a “useless metal.” In the first quarter, 81.6 tonnes of gold were used in tech and industrial...
In July 2024, India slashed its import tax on gold and silver from 15 percent to 6 percent. This week, the Indian government reversed course, hiking the customs duty back to 15 percent.
Are we in the early stages of a fundamental shift in global monetary history? Analysts at Deutsche Bank Research Institute think we are. They see a future where the dollar plays a much smaller role.
The inflation dragon is alive and well. Last November, Donald Trump called himself “the affordability president.” However, it appears that the message is falling flat with your average American. Based on a recent Gallup poll,...
After going negative in March after the outbreak of hostilities between the U.S. and Iran, flows of gold into ETFs flipped positive again in April, with all regions reporting inflows of metal.
Government red tape is creating havoc in India’s gold market. For the last five weeks, gold imports have virtually stopped. According to the Economic Times of India, this is pushing domestic gold prices higher and threatening shortages in...
Gold demand was up 2 percent year-on-year in the first quarter, setting a record in value terms. Including over-the-counter (OTC) selling, gold demand came in at 1,231 tonnes. Volume growth, coupled with the surging gold price, drove a 74...
