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| *Eric Sprott<ref>http://kingworldnews.com/kingworldnews/Broadcast/Entries/2014/5/10_Eric_Sprott.html</ref>recommending gold while at the same time being the principal of Sprott Asset Management ,a firm engaged in the offering of bullion funds and other funds containing junior mining companies<ref>http://www.sprott.com/about-sprott/</ref> | *Eric Sprott<ref>http://kingworldnews.com/kingworldnews/Broadcast/Entries/2014/5/10_Eric_Sprott.html</ref>recommending gold while at the same time being the principal of Sprott Asset Management ,a firm engaged in the offering of bullion funds and other funds containing junior mining companies<ref>http://www.sprott.com/about-sprott/</ref> | ||
| *Mike Maloney suggesting that "if there is still a US Dollar around it will not be the US Dollar"<ref>http://www.zerohedge.com/news/2014-07-06/mike-maloney-dollar-we-know-it-will-be-gone-within-6-years</ref>while marking high margin bullion jewelry (low bullion value), emergency food, and gold and silver coins.<ref>http://goldsilver.com/</ref> | *Mike Maloney suggesting that "if there is still a US Dollar around it will not be the US Dollar"<ref>http://www.zerohedge.com/news/2014-07-06/mike-maloney-dollar-we-know-it-will-be-gone-within-6-years</ref>while marking high margin bullion jewelry (low bullion value), emergency food, and gold and silver coins.<ref>http://goldsilver.com/</ref> | ||
| *Jim Willie advocating the case for gold while selling the Golden Jackass Newsletter<ref>http://www.goldenjackass.com/</ref> | |||
| ==References== | ==References== | ||
Revision as of 02:43, 7 October 2014
For other uses, see Gold bug (disambiguation).The term gold bug might apply to:
- an investor or speculator who is very bullish in buying the commodity gold, or similarly themed financial products such as junior mining companies, gold certificates, bullion efts, and other derivative instruments related to precious metals (or even potentially rationalizing bitcoin as having some of the same characteristics as gold)
- "bug" to unflatteringly describe a kind of zeal or zealotry; blind to fact or logic, "that creeps or crawls."
- a person, or firm, engaged in the marketing of gold irregardless of price or price action.
- The future gold price being in some way tied to an unproven, so far unrealized, and unverifiable, investment thesis that predicts that gold price will rise in time to hyper-inflation destroying the US Dollar. Many people marketing this viewpoint, including Doug Casey,Gonzalo Lira,Bill Murphy, and King World News, derive economic benefit by providing gold bugs with a steady stream of confirmation bias.
- The concept, in the second sense, 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."
Conflicts of Interest
- Jim Sinclair on JS MInesetas CEO of Tanzanian Royalty Exploration
- Peter Schiff making a case for gold on CNBC and then selling gold investments at Europacific Capital
- Eric Sprottrecommending gold while at the same time being the principal of Sprott Asset Management ,a firm engaged in the offering of bullion funds and other funds containing junior mining companies
- Mike Maloney suggesting that "if there is still a US Dollar around it will not be the US Dollar"while marking high margin bullion jewelry (low bullion value), emergency food, and gold and silver coins.
- Jim Willie advocating the case for gold while selling the Golden Jackass Newsletter
References
- http://www.merriam-webster.com/dictionary/bug
- http://www.zerohedge.com/article/zero-hedges-top-10-most-popular-posts-2010
- Mieczkowski, Yanek and Carnes, The Routledge Historical Atlas of Presidential Elections (2001), p.176. ISBN 0-415-92133-3
- www.jsmineset
- http://finance.yahoo.com/q/pr?s=TRX+Profile
- http://www.cnbc.com/id/101820335#.
- http://www.europacmetals.com/
- http://www.europac.net/services
- http://kingworldnews.com/kingworldnews/Broadcast/Entries/2014/5/10_Eric_Sprott.html
- http://www.sprott.com/about-sprott/
- http://www.zerohedge.com/news/2014-07-06/mike-maloney-dollar-we-know-it-will-be-gone-within-6-years
- http://goldsilver.com/
- http://www.goldenjackass.com/
See also
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