first majestic silver

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

Gold and silver are often disparaged as "useless" or "barbarous relics" by investors and economists. But as Mike Maharrey explains in this episode of the Money Metals' Midweek Memo, gold and silver are real money.
Owning silver and gold is a good way to hedge against counterparty risk. What exactly is counterparty risk? In simple terms, it is the possibility that the party on the other side of a transaction might not fulfill its obligation.
Borrowing continues to get more and more expensive for Uncle Sam. The U.S. Treasury held two auctions on Monday, selling 2-year Treasuries and 5-year notes. Both auctions set a record.
Net central bank gold buying exceeded 1,000 tons two straight years, and commodity analysts at ANZ Bank expect central bank gold demand to continue hot for at least the next six years.
According to the latest Consumer Price Index (CPI) data, prices rose by 3.1 percent over the last year. Based on my own experience at my local shopping center, that seems low.
The Federal Reserve is the engine that powers one of the biggest, most powerful governments in history. In this episode of the Money Metals' Midweek Memo, host Mike Maharrey explains how and why the Fed enables an ever-growing federal...
I have argued that despite cranking up interest rates and running some assets off its balance sheet, the Federal Reserve has not done enough to beat inflation.
Chinese gold demand kicked off 2024 with a bang. Wholesale gold demand set a record in January. Meanwhile, assets under management by Chinese gold ETFs reached an all-time high.
Defining inflation as "rising prices" creates all kinds of confusion. As I explained in-depth, historically, inflation meant an increase in the amount of money and credit in the economy, or more succinctly, an expansion in the money supply...
The Federal Reserve is between a rock and a hard place. It needs to cut interest rates because this debt-riddled economy simply can’t function in a high-rate environment. But the Fed can’t plausibly cut rates with price inflation still far...

The world’s gold supply increases by 2,600 tons per year versus the U.S. steel production of 11,000 tons per hour.

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