Word: hoarded
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Dates: during 1960-1969
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...dollars aggravated the Continent's inflation, are now warning that the cutback raises the danger of deflation. The Swiss franc and the French franc have weakened in relation to the dollar on international money markets, and the short-term lending rate for Euro-dollars-the $5 billion-plus hoard of dollars that is circulated by Europe's banks-has jumped from 41% to 5% as borrowers scramble for funds to finance expansion. In Australia, where the Sydney stock market suffered its sharpest fall in four years as a result of the curbs on dollars, Prime Minister Sir Robert...
...national silver hoard declined by 23% last year, and a conspicuous symptom that the trouble is continuing is the nagging shortage of U.S. coins. Last week the U.S. Treasury told a congressional subcommittee, which is brooding over ways to ease the shortage, that the Government may well have to alter the 90% silver content of dimes, quarters and halves. This has led powerful business groups into the greatest debate over silver since William Jennings Bryan cried out for the silver interests in his 1896 "Cross of Gold" peroration...
...mines in operation, gets most of its supply as a byproduct of other metals. Last year the U.S. mined only one-ninth as much as the 323 million ounces of silver that it consumed, made up the difference by dipping into the Treasury's huge but rapidly dwindling hoard, which now stands at 1.2 billion ounces...
...imposed a temporary $17.50-a-day limit on cash withdrawals. With another ? 35 million in bank notes scheduled to be flown from London soon, the run subsided by week's end. To dramatize its solvency and calm its customers, one Chinese bank used psychology: it piled a hoard of gold bars on the counter...
...French Ministry of Finance revealed that, following De Gaulle's order, France will convert at least $300 million of its $1.3 billion hoard of dollars into gold-in addition to the $400 million to $500 million it routinely cashes in each year. De Gaulle thereby served notice that he intended not only to cause mischief for the American economic colossus, but to test the money system in its global entirety. The move was important not so much for its size as for the furor it caused and the specter it roused of what would happen if other dollar holders...