Alan : The concept of "goldbug" is, in fact, ill-defined. Accordingly, my interpretation of who or what is a "goldbug" may not be someone else's. Still, as I see it and within limitations, certain criteria of "goldbug" can be defined:
(1) Someone who clearly believes gold should be a good/superior investment under all circumstances
(2) Someone who attributes gold's failure to perform, as he believes it should, to someone else's evil doing
(3) Someone who mistrusts the present monetary system and all the individuals and institutions in it and regards them as being part of a conspiracy against "decent" people. This conspiracy, historically, includes Rothschilds, Illuminati, Protocols of the Elders of Zion, Trilateral Commission, Central Banks, Greenspan, Rubin, Goldman Sachs etc. You will note that most of the evil doers have Jewish/Eastern European names.
(4) Someone who wishes, secretly or openly, for a collapse of the present system and all that goes with it and therefore also desires mayhem and disaster
(5) Someone who does not brook any criticism of his position and, in fact, regards any critic as being either a member of the conspiracy or a pawn.
As you see, "goldbugs" are real nice guys.
I don't deal on US markets so I can't comment about the "Dow crowd".
Searle |
