An individual who is bullish on gold. Gold bugs believe that gold is still a stable source of wealth, like it was during the years of the gold standard international currency system. A gold bug invests in gold for what he or she perceives as financial security in the event of a currency devaluation, and often also believes that the price of gold will continue to rise in the future.
The term also refers to analysts who consistently recommend gold buys.
Gold bugs view gold as a safe investment that will protect them from currency fluctuations or downturns in the financial markets. Although gold is widely known as a standard of value, its price - like that of any other precious metal or commodity - fluctuates widely. For example, the price of gold declined from more than $800 per ounce in the 1980s to less than $350 per ounce in the 1990s. This is a point frequently brought up by critics, who view gold as a standard of wealth from the past.
However, while there is no consensus, the market does continue to view gold as the traditional "safe harbor" during times of economic crisis. For example, following September 11, 2001, gold prices saw sharp increases as investors sold what they believed were riskier assets.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
gold-bug — goldˈ bug noun (US) 1. A gold beetle 2. Someone whose power comes from their wealth, a plutocrat 3. A person who favours a gold standard 4. A person who invests in gold bullion • • • Main Entry: ↑gold … Useful english dictionary
gold|bug — «GOHLD BUHG», noun. 1. = gold beetle. (Cf. ↑gold beetle) 2. Informal. a person who hoards gold, especially as a hedge against inflation … Useful english dictionary
gold bug — n. Informal one who buys, or advocates buying, gold as protection against an anticipated collapse in the value of currency, stocks, etc. * * * … Universalium
gold bug — n. Informal one who buys, or advocates buying, gold as protection against an anticipated collapse in the value of currency, stocks, etc … English World dictionary
Gold bug — For other uses, see Gold bug (disambiguation). An old car heavily advertising gold s value. Gold Bug is a (sometimes pejorative) term used to describe investors who are very bullish on buying the commodity gold (XAU ISO 4217). It can also be used … Wikipedia
gold bug — noun A person with a particularly great enthusiasm for investing in gold (the metal), an enthusiasm which to others is likely to seem excessive, especially if gold prices are stagnant or falling … Wiktionary
gold bug — / gəυld bʌg/ noun a person who believes that gold is the best investment (informal) … Dictionary of banking and finance
Gold bug (disambiguation) — Gold bug or Goldbug may refer to:*Gold bug, a disparaging term in the finance world * The Gold Bug, a short story by Edgar Allan Poe * The Gold Bug, a short story by Orson Scott Card *Goldbug, several Transformers toy line characters. *Goldbug… … Wikipedia
The Gold-Bug — Infobox short story | name = The Gold Bug title orig = translator = author = Edgar Allan Poe country = United States language = English series = genre = Short story published in = Philadelphia Dollar Newspaper publisher = media type = Print… … Wikipedia
The Gold-Bug — Der Goldkäfer ist eine Kurzgeschichte von Edgar Allan Poe, in der im Rahmen einer Schatzsuche ausführlich die Dechiffrierung einer Geheimschrift anhand von Häufigkeitszahlen der einzelnen Buchstaben in englischen Texten erläutert wird. Die… … Deutsch Wikipedia