Word: hoarded
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...week of the war -when the Jap Cabinet fell, the Russians denounced their neutrality pact with the Japanese, the remnants of the Jap fleet were almost put out of business; when U.S. spearheads cut to within 128 miles of Berlin, and General Patton stumbled on the fabulous Nazi gold hoard-Eisenhower's letter had a sobering effect...
...committee had no choice. The U.S. gold hoard, which amounted to a historic $22,737,000,000 at the time of Pearl Harbor, is now down to $20,452,000,000. This might shrink even further if foreign balances in the U.S. of $5.3 billions are converted into gold. Reason for today's lowered total: the U.S. has been paying cash for more than half of its war imports and purchases in foreign lands (most of its vast exports are lend-lease, bring home no U.S. dollars). Thus the gold which poured into...
...currency in circulation has tripled since 1940 to an alltime high of $26 billions: so that, in spite of still having a large gold hoard, gold reserves against Federal Reserve notes and deposits have dropped from 91% to 49%, are expected to hit 40% by year...
Thus in the final settling of accounts, U.S. investments abroad may be worth considerably less than foreign investments in the U.S., and the gold hoard in Fort Knox may begin its world travels again...
...these plants would be operating for at least seven months. In the meantime, WPB planned to take facilities out of civilian production. This would hurt. Much of the fat was gone from the civilian cupboard. For example, the hoard of new passenger cars (530,000 in 1942) was below 15,000. After three years of war, civilians might finally be pinched hard...