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Goldbug
(redirected from Goldbugs)

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.01 sec.
Goldbug
Analysts who recommends gold as an investment/hedge. Also, an investor who has a penchant for gold and gold stocks.

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.


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Goldbugs warn that massive federal borrowing will force the government to offer higher rates.
Could it be that the dollar’s fall led to a “heightened” inverse correlative with gold, a sort of extraordinary stimulo-genesis of the AU tissue in goldbugs the world over that led to frenzied buying and will yet prove their undoing when they wake up to the fact that the dollar may yet spike to new highs
The difference between last week's $1,020 an ounce and yesterday's $920 will feel slight to true goldbugs - those who were buying at the turn of the century when Gordon Brown was selling at $275.
 
 
 
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