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
Strike up the band and wave the victory banners! Inflation is dead! Or is it? The May Consumer Price Index (CPI) report was cause for optimism. But price inflation is like that stubborn weed in the driveway. Just when you think you’ve...
Most people don't understand the enormity of the national debt, the amount of government spending, or the size of the monthly deficits. As a result, they come up with all kinds of absurd "solutions" to the problem.
Gold crashed through several support levels on Friday. The yellow metal plunged from $2,376 Thursday to under $2,300 by Friday afternoon.
A little bit is the first step toward a lot. Now, imagine billions of people in Asia buying just a little bit of gold. That seems to be the trend.
Gold-backed exchange-traded funds (ETFs) reported net inflows of gold for the first time in 12 months in May. Funds based in Europe and Asia led the way as total gold holdings by ETFs globally rose by 8.2 tons.
How much gold is there in the world? The quick answer is not much - at least not relatively speaking. According to the World Gold Council, as of the end of 2023, around 212,582 tons of gold have been mined throughout history. About two-...
After a weak March, central bank gold buying rebounded in April with global net purchases of 33 tons, according to the latest data compiled by the World Gold Council.
The Reserve Bank of India recently brought a little over 100 tons of gold home. And more gold may be heading back to India in the near future. The Indian central bank repatriated the gold from vaults in the UK.
Did the U.S. government really try to confiscate Americans' gold? The short answer is... well, there isn't a short answer. It's a complicated subject with more nuance than most people give it. Yes, President Franklin D. Roosevelt did try...
Last month, Zimbabwe officials introduced a gold-backed currency in an effort to stabilize the country’s economy. At the time, I warned that a gold-backed currency would be a great step, but that it wasn’t going to solve Zimbabwe’s...
