The
goldbug larvae, which hatch in late May, look like grubs covered with branching spines.
Drowned out by the
goldbug voices calling for the resumption of the gold standard, advisors urging investment in gold, and all of the media hype over gold's record-breaking prices, the historical context of gold's role in economic crisis has been stripped from public discourse.
The move from precious metals to greenbacks prompted an anxiety in the
goldbugs and silver men about the conflict between material and representation, an anxiety that informs the discourse of naturalism.
We should all write books that excite the imagination and raise as many important empirical questions as does
Goldbugs and Greenbacks.
Are Eckes and Buchanan prepared to smear all
goldbugs and abolitionists as incipient Marxists too?
Beneath the concrete dome of the Dallas Convention Center, little old ladies in tennis shoes sit patiently next to their husbands,
goldbugs, third-party hopefuls, and even stranger breeds of the Grear Discontented who have each paid $135 "to be a part of history," under the auspices of United We Stand America and its billionaire leader, Ross Perot.
These seeds of discontent foreshadowed the division between
goldbugs and silverites and the Populist fusion with the Democrats in 1896 on a free-silver ticket headed by William Jennings Bryan of Nebraska.
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.
Precious metal mining ETFs have been ideal shorts in the past three years as Wall Street was splattered with the blood of battered
goldbugs.
One of the saddest Hoarders scenes to date replays the tragedy of turn-of-the-century
goldbugs, who would put their fortunes in metal only to find it cheapened by inflation and paper money.
Yet the "real value" line also recalled the rhetoric of
goldbugs at the close of the 19th century; they wanted to purge the nation of postwar fiat cash and eliminate fluctuations in the currency, along with America's profligate ways.
The almost 50 per cent decline in the NYSE Arca
Goldbugs Index, the index of unhedged gold mining stocks, has been ongoing since October and therefore started well before the admission of many gold mining companies that their costs of production are possibly 50 per cent above levels reported in recent years.
