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
Generally speaking, a leak is bad news. If your car tire is leaking, you’re probably going to end up stranded on the side of the road. If a pipe in your house is leaking, you’re probably going to end up with wet carpet.
Investment demand for gold remained strong in India last month, even as post-wedding season jewelry demand was soft due to price pressure. Meanwhile, many Indians are taking advantage of higher prices and monetizing their gold.
The Vietnamese gold market is about to undergo significant reforms that could boost competition, lower prices, and increase supply.
Central banks have gobbled up over 1,000 tonnes of gold for three straight years, and most central bankers think the buying trend will continue.
The International Monetary Fund (IMF) supports the Zimbabwe gold-backed ZiG “fully becoming a national currency.” Currently, the U.S. dollar serves as the country’s primary currency, with about 80 percent of the country’s transactions...
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.
For the first time in five months, gold-backed ETFs globally reported modest outflows in May as investors took profits.
