gold bug

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Gold Bug

An investor or investment adviser who keeps a portfolio consisting largely or exclusively of gold and gold-related products, especially when most other investors are not doing so. A gold bug may believe that the economy is about to undergo a period of high inflation or that a speculative bubble is about to burst. He/she invests in gold because it tends to maintain its value, even in bad economic times, and because it is usually protected from inflation. Other investors often believe that gold bugs are alarmists. In the late 2000s recession, some gold bugs were associated with the Austrian School of economics, but this is not always the case. See also: Peter Schiff.

gold bug

An individual who thinks that investors should keep all or part of their assets in the form of gold. The tendency to recommend gold nearly always stems from the gold bug's expectation of rapid or uncontrolled growth of the money supply accompanied by high rates of inflation. Some gold bugs also predict economic collapse with gold becoming the standard of payment.
References in periodicals archive ?
Not surprisingly, the stocks are blowing up as well, as both the PHLX Gold and Silver Index (XAU) and the AMEX Gold BUGS Index (HUI) have added over three percent.
But gold bugs kept the faith -- even when prices stayed under $500 for nearly 25 years after their 1981 peak.
Gold also continues to climb, albeit with occasional dips, thereby delighting gold bugs everywhere.
There were actual gold bugs in the thread, and they were as mystified by Loughner's ideas as anyone else.
The gold bugs may also be eyeing the not negligible risk that the Bank of England follows the Fed.
However, a report by the National Audit Office in 2001 concluded that the auctions of the nation's gold were conducted in line with best practice at the time and that the decision taken was against "a background of a decreasing market value of gold," - an important point for any nascent gold bugs who feel gold might look like a good investment.
Last December, many gold bugs were arguing that the price was inevitably headed for $2,000.
4 percent loss being shown by the NYSE Arca Gold Bugs Index.
dollars; even the staunchest gold bugs rarely have all their money in gold.
Debunking the Hyperinflation of Peter Schiff and the Gold Bugs
This is the time when the gold bugs tend to come out of the wood work.
Hill sees price volatility continuing going forward as gold bugs buy more and some central banks slow their gold reserve liquidations, while others add to theirs.