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 pace of central bank gold buying picked up slightly in May. Globally, central banks officially added a net 20 tonnes of gold to their reserves in May, according to the latest data compiled by the World Gold Council. This compares to 14...
The dollar is “unattractive.” At least that's how UBS sees it. In a recent note, the Swiss investment bank said it is time to “reduce and hedge exposure to USD before further dollar declines.”
Turks are holding billions of dollars in gold “under their pillows.” The Turkish central bank estimates that Turkish households have more $311 billion worth of unregistered gold, most of it outside of the official financial system.
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.
The Vietnamese gold market is about to undergo significant reforms that could boost competition, lower prices, and increase supply.
