What Is a Gold Bug? In economics, the term “gold bug” is a colloquial expression used to refer to people who are particularly bullish on gold. Although people differ in their reasons for being a gold bug, they commonly share a perception that the purchasing power of fiat currencies will decline due to factors such
What Is a Golden Coffin? The term golden coffin refers to a death benefit package awarded to the heirs of high-ranking executives who die while still employed with a company. Benefits awarded can include unearned salary, accelerated stock options, and insurance proceeds. Provisions of golden coffins are normally outlined in an executive’s contract including which
What Is a Golden Hammer? A golden hammer is excessive dependence on a specific tool to perform many different functions. In investing it is when a trader depends on one particular analysis tool or viewpoint to make all decisions. Key Takeaways A golden hammer refers to the over-reliance on one skill.This type of narrow skillset is fraught with
What Are Golden Handcuffs? Golden handcuffs are a collection of financial incentives that are intended to encourage employees to remain with a company for a stipulated period of time. Golden handcuffs are offered by employers to existing key employees as a means of holding onto them as well as to increase employee retention rates. Golden
What Is a Golden Hello? The term golden hello refers to a signing bonus offered to executive-level employees. They are usually employed as a way to entice and recruit executives from rival companies. The payment of a golden hello typically comes in the form of a lump sum cash payment or through installments over a specified
What Is a Golden Parachute? A golden parachute consists of substantial benefits given to top executives if the company is taken over by another firm, and the executives are terminated as a result of the merger or takeover. Golden parachutes are contracts with key executives and can be used as a type of anti-takeover measure
What Is the Golden Rule of Government Spending? The golden rule of government spending is a fiscal policy that a government should borrow only to invest, not to fund current spending. In other words, the government should borrow money only to make investments that will produce long-term benefits for the future. Current spending should be
What is the London Gold Fix The London Gold Fix was a method to fix the price of gold per troy ounce in US dollars. It was replaced in 2015 by The London Bullion Market Association, or LBMA, Gold Price. The price continues to be set twice daily at 10:30 and 15:00 London GMT in
What Is a Gold Option? A gold option is an options contract that utilizes either physical gold or gold futures as its underlying asset. A gold call option would give the holder the right, but not the obligation, to buy bullion at a future date at a set price, while a put option would grant the
What Is the Gold Reserve Act of 1934? The term Gold Reserve Act of 1934 refers to a law that took away the title of all gold and gold certificates held by private individuals and institutions and transferred ti to the United States Treasury. The Act, which also included gold held by the Federal Reserve
