Goldbug

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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.
References in periodicals archive ?
It is tough to be a goldbug, even in the cloistered banking counting rooms of Credit Suisse and UBS.
Although goldbugs appear to be metallic, they don't actually contain gold--so don't think you'll get rich collecting them
Ritter, Gretchen (1997), Goldbugs and greenbacks: the antimonopoly tradition and the politics of finance in America, New York: Cambridge University Press.
and prompted goldbugs to hit "publish" on their "Gold $2,500?
Goldbugs are coming out of the woodworks predicting a worldwide transition to the gold standard and the end of fiat paper money.
Goldbugs warn that massive federal borrowing will force the government to offer higher rates.
As Michaels notes, it is precisely this need to see money as concrete essence that informed the rhetoric of the goldbugs and silver advocates in the American goldstandard controversies of the late nineteenth century, both of whom wanted to posit a "natural" money--a money that is what it represents--that is essentially a denial of money (147-8).