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A lot of finance commentators have poked fun at those who own Gold (aka 'Gold Bugs') over the years, likening them to members of a cult or religious group.
Articles such as '5 more reasons why investors shouldn't worship gold right now' and 'Let's Be Honest About Gold: It's a Pet Rock' where the author concludes that owning Gold is "an act of faith", are recent examples of authors trying to portray Gold owners as devotees of the metal. This is nothing new though, one well known Gold hater, Joe Weisenthal, even wrote a post half a decade ago titled '9 Ways That Gold Is A Religion Masquerading As An Asset Class'.
One amusing aspect of all this Gold hating is that (when aggregated) much of it ironically resembles the same culture they are criticising... Read More
CONTINUED: The Religion of Gold Hating