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gold bug
(redirected from Goldbugs)

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.04 sec.
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.


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On the republican strains in anti-monopolism, see Gretchen Ritter, Goldbugs and Greenbacks: The Antimonopoly Tradition and the Politics of Finance in America, 1865-1896 (Cambridge, 1997), 3-7.
Are Eckes and Buchanan prepared to smear all goldbugs and abolitionists as incipient Marxists too?
The report, titled "Return of the Goldbugs," identifies conditions contributing to gold's rise, anoints GATA Chairman Bill Murphy "king of the goldbugs," and lays out in some detail GATA's contention that the gold price is being suppressed by collusion between central banks and financial institutions.
 
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