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 once in a while, you’ll hear somebody claim that gold is “a useless metal.” You may think I’m exaggerating, but I assure you, I’m not. I heard a commentator on MSNBC say it with my own two ears a few years ago.
Calls to bring Germany’s gold home are growing, and now voices in Italy are urging that country’s government to do the same.
Should the cost of storing physical gold and silver deter people from considering precious metals as an investment option? Idaho Governor Brad Little thought so.
After setting a record just over $3,500 an ounce in April, gold has consolidated and traded sideways since, and there is some bearish sentiment seeping into the market.
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.
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 Vietnamese gold market is about to undergo significant reforms that could boost competition, lower prices, and increase supply.
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.
