Gold bug

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For other uses, see Gold bug (disambiguation).

The term gold bug is a (sometimes pejorative) term used to describe investors who are very bullish on buying the commodity gold (XAU - ISO 4217).

The term was popularized in the 1896 US Presidential Election, when William McKinley supporters took to wearing lapel pins, gold neckties, and gold headbands, in a demonstration of support against the "silver menace",[1] though the term's original use may been in Edgar Allan Poe's 1843 story "The Gold-Bug,"[2] about a cryptographic treasure map.[3]

[edit] References

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

[edit] See also