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gold bug

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Gold Bug
A person who believes that gold is still a stable source of wealth as it was during the years of the gold standard. Gold bugs invest in gold for financial security in the event of a stock market crash or currency devaluation. It also refers to analysts who recommend gold buys.

Notes:
Gold bugs incorrectly assume that gold is still as safe of an investment as it was in during the gold standard years. Although gold is widely known as a standard of value, it's price, like that of any other precious metal or commodity, fluctuates widely. For example, the price of gold declined from over $800/oz in the 1980s to under $350/oz in the 1990s.

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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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.
Reflation and gold loom on the horizon: the equity bears and gold ... by Whitten, Darrel / Japan Inc.
Steve Hall feels the gold bug like a cold clutch in his stomach every time he scratches the dirt and spots a glitter.
LURE OF GOLD FIELDS DRAWS MODERN-DAY PROSPECTORS by Daily News (Los Angeles, CA)
Situated between the fragile clover and the precious gold bug, this agglutination (which the artist describes as "tomentose," "blood red when wounded") looked like an obscene quantity of plasticene pushed into a provisional place, its surface carefully smoothed and articulated to resemble something--but nothing I've ever seen; possibly viscera, though the context suggested fungi.
Vincent Shine by Palmer, Laurie / Artforum International
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