Mike Maharrey

1 day ago | gold-eagle.com | Mike Maharrey

Those golden bulls have grabbed some attention. According to the latest Gallup poll, gold has overtaken stocks and is now viewed as the second-best long-term investment in America, trailing only real estate. In the latest survey, 23 percent of the respondents chose gold as the best long-term investment. That was up five points from last year’s poll. Thirty-seven percent of the respondents chose real estate as the best investment. That was virtually unchanged from a year ago.

2 days ago | gold-eagle.com | Mike Maharrey

Rising gold prices have spurred investment demand, especially in the East, and helped drive Q2 gold demand to the highest level since 2016. In China, demand for gold bars and coins charted the second strongest quarter on record. However, high prices put a drag on jewelry demand in the first quarter. In volume terms, gold jewelry demand fell 21 percent year-on-year to 380 tonnes. However, in dollar terms, demand increased by 9 percent to $35 billion.

3 days ago | advisorperspectives.com | Mike Maharrey

Fed People Never Really Know What They Were DoingPowell’s admission that the central bank doesn’t know what to do next or how things are going to play out is a rare moment of honesty from a central banker. Fed people like to maintain the illusion that they are in control. They want you to believe they're wise and knowledgeable, equipped with the tools and brainpower necessary to guide the economy through thick and thin with calm hands firmly on the tiller.

3 days ago | enterstageright.com | Mike Maharrey

Fed Chair Powell tells the truth: "We don't know!" By Mike Maharrey web posted May 12, 2025 In a rare moment of honesty, Federal Reserve Chairman Jerome Powell admitted he and his fellow central bankers don't know what they're doing as they wrapped up the May Federal Open Market Committee (FOMC) meeting.   As was expected, the Fed held interest rates steady at the meeting, taking a "wait and see" attitude. "There's just so much that we don't know," Powell conceded.

5 days ago | advisorperspectives.com | Mike Maharrey

TakeawaysDemand for physical gold surged in the first quarter. But not in the United States. Asian investors primarily drove demand for gold bars and coins as American investors continued to sit on the sidelines. Global demand for gold bars and coins rose by a healthy 3 percent in the first quarter, rising to 317.3 tonnes in Q1’24 from 325.4 tonnes. That was comparable to fourth quarter demand and a 20.3 percent increase from the third quarter of 2024.