Today's word: GOLD BUG
Theme for this fortnight: FUTURES
Theme for this fortnight: FUTURES
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.
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