"Gold bug" (sometimes spelled "goldbug") is a term frequently employed in the financial sector and among economists in reference to persons who are extremely bullish on the commodity gold as an investment or a standard for measuring wealth.[1] Depending on the circumstances the term can have one or a combination of closely related and often overlapping themes that extend beyond the support for gold as an investment, including in some cases the use of the term as a pejorative.

Various themes on the term

History

The concept, in the second sense, was popularized in the 1896 U.S. presidential election, when William McKinley supporters took to wearing gold lapel pins, gold neckties, and gold headbands in a demonstration of support for gold against the "silver menace".[10]

Notable gold bugs

See also

References

  1. ^ a b "Financial Dictionary". Retrieved 26 July 2015.
  2. ^ Gevinson, Alan. Silverites, Populists, and the Movement for Free Silver. Teachinghistory.org, accessed 18 December 2011.
  3. ^ Konczal, Mike (21 January 2011). "Kristol, Kalecki, and a 19th Century Economist Defending Patriarchy all on Political Macroeconomics". Rortybomb.
  4. ^ Krugman, Paul (22 November 1996). "The Gold Bug Variations". Slate. Archived from the original on 2 December 1998.
  5. ^ Milner, Brian (15 April 2013). "As price of gold falls, conspiracy theories rise". The Globe and Mail. Retrieved 26 July 2014.
  6. ^ "Paranoids have enemies, radical gold bugs have Wall Street". Market Watch. Retrieved 26 July 2014.
  7. ^ "About GATA". GATA. Retrieved 26 July 2014.
  8. ^ "GATA and Gold: The Truth is Revealed". The Motley Fool. Retrieved 26 July 2014.
  9. ^ O'Brien Matt (July 25, 2015). "Gold is Doomed". Washington Post. Retrieved 26 July 2015.
  10. ^ Mieczkowski, Yanek and Carnes, The Routledge Historical Atlas of Presidential Elections (2001), p.176. ISBN 0-415-92133-3
  11. ^ "Judy Shelton, a Goldbug Who Bends to Fit Trump". The Wall Street Journal. Retrieved 9 July 2019.


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