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 ?
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.