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
The gold bulls kept running in September as gold set new record highs eight times and the price gained another 4.6 percent. And it appears this bull market has plenty of momentum left in it.
Led by North American funds, gold-backed ETFs reported net inflows of metal for the fifth straight month in September. Globally, ETFs reported a net 18.4-ton increase in gold holdings last month.
This year is shaping up to be one of the most legislatively successful in U.S. sound money history. Money Metals Exchange was instrumental in achieving six new sound money victories... as well as one key defensive win. The upshot is that...
Could the petroyuan usurp the petrodollar and become the dominant currency for global oil trade? If so, such a move would accelerate global de-dollarization and would be disastrous for the United States.
Gold has been pushed to record highs in recent weeks. A weakening dollar and lower real bond yields have created tailwinds for the yellow metal. However, according to a team of JPMorgan strategists led by Nikolaos Panigirtzoglou, the gold...
After doubling in July, central bank gold buying slowed in August with record high prices but remained in positive territory. Globally, central banks added a net 8 tons of gold to their reserves in August.
The Hungarian National Bank has joined the growing number of central banks globally, increasing their gold reserves. In a recent press release, Hungary's central bank announced it has increased its gold holdings from 94.5 tons to 110 tons...
According to Bank of America, gold has overtaken the euro to become the world’s second-largest central bank reserve asset. With the central bank gold buying spree over the last several years, along with the rapid rise in price in 2024, the...
Well, that didn’t take long. In April, Zimbabwe introduced a gold-backed currency in an effort to stabilize the country’s financial system. Less than six months later, the Reserve Bank of Zimbabwe has already devalued the new money.
Tanzania is poised to expand its gold reserves. According to a Reuters report, the East African nation's mining regulator has ordered all mining firms and gold exporters to allocate 20 percent of their gold for purchase by the Tanzanian...
