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
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...
Price inflation was supposed to be dead and buried months ago. But it’s doing just fine, thank you very much. The January Consumer Price Index report makes that pretty clear. Sure, the Federal Reserve managed to knock inflation down. But...
Could arguably the world’s worst currency become its best? If Zimbabwe follows through and embraces a plan to back the Zimbabwe dollar with gold, it just might.
Russia has reportedly used gold to evade currency restrictions put in place as part of economic sanctions levied in the wake of the invasion of Ukraine.
Central banks gobbled up gold again in 2023. Central bank gold buying fell just 45 tons short of 2022’s multi-decade record. According to the World Gold Council, central banks net gold purchases totaled 1,037 tons. It was the second...
In this episode of Midweek Money Metals’ Memo, host Mike Maharrey provides some examples of this strange phenomenon, and then explains why this is going on. It all boils down to the market’s addiction to the drug of easy money.
I have written that the commercial real estate market could be the next thing to pop in this bubble economy and that could lead to the next major financial crisis.
