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goldbug
gold bug also gold·bug (gŏld′bŭg′)n.1. Any of several North American beetles, especially Charidotella sexpunctata, having a golden metallic luster. Also called gold beetle.2. A supporter of the gold standard.3. A speculator in or a purchaser of gold.gold•bug (ˈgoʊldˌbʌg)
n. Informal. 1. a person, esp. an economist or politician, who supports the gold standard. 2. a person who believes in buying gold bullion as a personal investment. [1875–80, Amer.] EncyclopediaSeegold bugGoldbug
GoldbugAnalysts who recommends gold as an investment/hedge. Also, an investor who has a penchant for gold and gold stocks.Gold BugAn 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. |