Word: hoarded
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Economists on both sides of the Atlantic promptly reminded Bevin that U.S. wealth lay in its high productivity, not in its gold hoard at Fort Knox. Bevin knew that a higher standard of living for Britain ultimately depended on increasing Britain's own productive capacity, not on "purchasing power...
Gold and dollar holdings of all foreign countries (except the Soviet Union), said the bank, now amount to $18 billion, up $4 billion over 1939. But a large part of this hoard is immobilized in private hoards or as currency reserves. And nations which need gold and dollars least hold the most. An example: liberated western Europe has less than half of its prewar stock of $5.4 billion. But well-fed, well-clothed Switzerland alone holds $1.4 billion of the Continent's hoard...
...casual shoppers in the Coop this summer, all seems quiet and cool, but few realize that frantic, behind the scenes preparations are in progress to handle the hoard of students expected to descend upon the Square in September...
Once the Army realized its fiscal blunder, it went to work to rectify it by fobbing off the marks on soldiers and occupation personnel in Germany. For all goods and services supplied by Germans, such as telephones, railroad tickets, furniture, etc., the Army paid them from its hoard of marks. But for the use of these services, the Army charged soldiers and occupation personnel in occupation script, a strictly controlled U.S. currency. In effect, the Army was getting dollars for the marks it was giving the Germans. Even charitable funds sent to Germany were converted into marks before being paid...
They grab and hoard...