Goldbug

(redirected from gold beetle)
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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 ?

We found a gold beetle and also a big spider and some big worms," says Thomas, from Netherfields, Middlesbrough.

Where are those bugs?

They were introduced to neighboring Ishigakijima Island in the late 1970s in an attempt to exterminate gold beetles, a sugar cane pest, and rapidly proliferated there.