- Gold bug
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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 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]
- ^ The gold standard -- and the men who love it
- ^ Mieczkowski, Yanek and Carnes, The Routledge Historical Atlas of Presidential Elections (2001), p.176. ISBN 0415921333
- ^ The Gold Bug by Edgar Allan Poe (New York, NY : Learning Corp. of America, 1979) OCLC: 14710019
- ^ 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
Categories:- Gold
- Pejorative terms for people
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