"Gold bug" is a term frequently employed in the financial sector and among economists in reference to persons who are extremely bullish on the commodity gold as an investment and or a standard for measuring wealth.

What are gold bugs in history?

Borrowed from the title of the Edgar Allan Poe story "The Gold Bug" (1843), this label by the 1870s referred to those who favored basing the U.S. monetary system on gold to the exclusion of silver.

What does a gold bug want?

among organized political forces over industrial capitalism,” positions on currency had solidified into a “battle of the standards.” “Gold bugs” believed that a “sound” national economy must be based on the gold standard to ensure the dollar's stability, guarantee unrestricted competition in the marketplace, and ...