Goldbugs are not always gold; in fact, they can change color at will by adjusting the moisture between the layers of their wings!
Goldbugs are coming out of the woodworks predicting a worldwide transition to the gold standard and the end of fiat paper money.
The theme was even a chart hit - it was sampled by
Goldbug in 1995 for their single Whole Lotta Love and reached No 2.
Some faves include: Bear Creek Hot Springs, an overnight trek near the Palisades Reservoir (near Idaho Falls); a string of gorgeous pools in the Frank Church River of No Return Wilderness (near Stanley);
Goldbug Hot Springs, where you can soak under a hot waterfall near a desert canyon (near Salmon); and Sacajawea Hot Springs (a 5,000-foot elevation spot on the edge of the South Fork of the Payette River), where you'll have to cross-country ski to get in over the winter but it'll be so worth it.
Under that agreement, Barrick received the land corridor running between Betze-Post and Meikle; including what Newmont had been calling the
Goldbug deposit, with reserves containing 1.14 Moz, adjacent to and now included in Rodeo; reserves containing 860,000 oz accessible from Betze-Post but held by Newmont; and the Banshee property.
However, Freeport will also sell 1.6 million ounces of gold in 2014 and I expect gold prices to go lower as even the most dim-witted
goldbug has now concluded that gold is no hedge against geopolitical risk, inflation, deflation or Bugs Bunny/Santa Claus.
(See "
Goldbug Variations," below.) In the late 1970s, South African Krugerrands became a refuge from soaring interest rates and oil prices.
The Line-up: The Love Middlesbrough MAIN STAGE (Centre Square) 8.45-10pm: The Zutons; 7.35-8.20pm: The Sunshine Underground; 6.25-7.10pm: Ebony Bones; 5.20-6pm: Master Shortie; 4-5pm: Zion - Tribute to Bob Marley; 3-3.40pm: Raygun; 2-2.40pm: Rosie & The
Goldbug; 1-1.40pm: Will & The People; Noon-12.40pm: General Fiasco Evening Gazette Sounds Stage (TOWN HALL Main Auditorium) 9.15-10pm: The Rumblestrips; 8.15-8.55pm: Golden Silvers; 7.15-7.55pm: Tommy Sparks; 6.15-6.55pm: The Qemists; 5.20-5.55pm: The Chapman Family; 4.25-5pm: Dan Black; 3.30-4.05pm: The Black Box Revelation; 2.35-3.10pm: Screaming Lights; 1.45-2.20pm: Sound Of Guns; 1-1.30pm: Official Secrets Act; 12.15-12.45pm: Be Quiet.
Martin Murenbeeld Assoc.'s principal on gold was, "bullish, but not
goldbug bullish." He sees the renewal of the Washington agreement in 2004 (by the world's central banks) as key to gold's future.
The
GoldBug Variations is a golden braiding of Poe detection and Bach intricacy, genetics and art, romantic love and intellectual passion--a Gravity's Rainbow for the eighties.
Even the most nuttiest
goldbug must now throw in the towel after gold has fallen $700 an ounce in the past three years.
Ten stages see sets from more than 100 acts, including the Zutons, Frank Turner, Rosie and the
Goldbug and Will and the People.
