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
Every month, we report on the massive budget deficits. Most people yawn and move along. The reality is they don’t view overspending and debt as a big problem. After all, the debt has been growing for decades and nothing bad has happened.
The Chinese gold market showed seasonal strength in December, but wholesale demand finished the year below the 10-year average. Total gold withdrawals from the Shanghai Gold Exchange, a gauge for wholesale demand, rose by 24 percent month-...
Last week, Money Metals reported uncertainty in the gold and silver markets due to worries about tariffs on precious metals entering the United States. We’re seeing signs that concern is growing, creating an interesting dynamic in the...
Gold outshined virtually every other Indian asset in 2024. Despite a moderating price in November and December, gold still emerged as India’s top-performing asset class, posting a 21 percent annual gain. This compares to a 26 percent...
Over the last four months, the Federal Reserve has cut interest rates by a full percentage point. It started with a supersize 50 basis point cut in September, followed by quarter-point cuts in November and December. But despite slashing...
Have you ever gone to a movie everybody raved about and thought, ‘Meh. I don’t get all the hype?’ That’s how I felt reading the December Consumer Price Index (CPI) report. I mean, it wasn’t awful. But it wasn’t good either.
It looks like Great Britain sold its gold too soon. And are some lessons to be learned from this British experiment with reserve diversification. Between 1999 and 2001, the British government sold about 395 tonnes of gold in a bid to...
China announced an increase in its official gold reserves in November. It was the first reported increase after a 6-month pause, and it appears it wasn't a one-off event. And by the way, the Chinese have a lot more gold than they admit.
For the first December since 2019, gold-backed ETFs globally reported net inflows of gold. Asian funds drove the global increase in ETF gold holdings to close out 2024.
After surging to the highest levels of 2024 in October, central bank gold buying continued in earnest in November. Based on the latest data collected by the World Gold Council, central banks added a net 53 tonnes of gold to their holdings...
