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 ?
He was speaking as a true gold bug -- not in the dark days after Lehman Brothers' demise in 2008, nor in the depths of last year's euro zone debt crisis, nor after Standard & Poor's recent downgrade of the United States' top-notch credit rating.
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.
as his first name (hence, an unknown middle name) and whom Jan refers to when answering a particular question from a library patron (The Gold Bug Variations.
This, however, suggests Greenspan is himself a gold bug (or perhaps just someone who rejects the Keynesian notion that the Federal Reserve should relax the money supply to address nonmonetary phenomena like unemployment).
Back in the days when forty-niners were miners, the gold bug drove folks mad for the motherlode.
Taking her cue from Edgar Allan Poe's short story "The Gold Bug," in which a man is believed to have been bitten by a mysterious golden insect that in fact helps him find buried treasure, the artist embarked on what she terms "drifts," a means of collecting objects from around New York while "deconstructing habits of experience and discovering an area or a city.
He has mocked the pretensions of literary academics, from the New Critic Renee Woytowich in The Gold Bug Variations, whose dissertation is a speculation about which thousand lines Ben Jonson wanted Shakespeare to blot out, to the postmodern "A.
His worry is that descriptions of his trade would start a gold bug rush.
To the nervous sort of gold bug - as opposed to speculators who go with the flow-this global cascade of paper money comes with a threat of uncontrollable inflation in the not too distant future.
Gold Bug uses a Wallace Stevens line for a refrain: "Life consists of propositions about life.
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.
The Basin Gulch project Montana, the Jungo property in Nevada, and the Gold Bug Mine in Oregon comprise the Company's current portfolio, along with its previously announced joint venture in Nicaragua.