Gold bug

Gold bug
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 to refer to a person who opposes or criticizes the use of fiat currency and supports a return to the use of the Gold Standard or some other currency system based on the value of gold and other hard assets. A third use is to refer to someone who considers one commodity, usually gold, "the appropriate measure of wealth, regardless of the quantity of other goods and services that it can buy".[1][2]

The term was popularized in the 1896 US 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",[3] though the term's original use may have been in Edgar Allan Poe's 1843 story "The Gold-Bug,"[4] about a cryptographic treasure map.[5]

References

  1. ^ [1]
  2. ^ The gold standard -- and the men who love it
  3. ^ Mieczkowski, Yanek and Carnes, The Routledge Historical Atlas of Presidential Elections (2001), p.176. ISBN 0415921333
  4. ^ The Gold Bug by Edgar Allan Poe (New York, NY : Learning Corp. of America, 1979) OCLC: 14710019
  5. ^ Gold Bug: Treasure Chart, Edgar A. Poe by E. Lee Spence, (Sullivan's Island, SC: E. Lee Spence, 1981) OCLC: 49829303

See also

External links

Gold Bug Web Sites of Interest


Wikimedia Foundation. 2010.

Игры ⚽ Нужно сделать НИР?

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 — 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… …   Investment dictionary

  • 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

  • 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

  • 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

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”