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 ?
Gold bugs, often accused of sensationalism, are finding their passion is becoming mainstream.
Joseph's critique does overlap with the arguments offered by gold bugs, and if you download the study guide he offers online you'll find them among the rainbow coalition of sources that he cites: libertarians, leftists, Birchers, even a cameo by Lyndon LaRouche.
But gold bugs are right to worry about whether the government will honor its commitments under more extreme circumstances.
ABX) and are also seeing significant selling pressure, sliding by at least 3 percent, further contributing to the drop by the gold bugs index.
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.
DURING THE SECULAR BULL market in the US and similar bull markets in other developed nations jibe major exception being Japan/, bears and gold bugs were an endangered species, as were value investors.
Cynics might say the world situation assures that gold bugs will continue to buy gold as a hedge against political upheaval.
The dividend yields for the MSCI Emerging Markets Index and NYSE Arca Gold Bugs Index (HUI) were 3.
Gold bugs, however, have been warned against making any hurried decisions or letting themselves be swayed by fear mongering.
Gold bugs love nothing better than a bit of panic in the streets for driving the price of the yellow metal.