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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.
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.