Word: hoards
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...while duties were removed or reduced on articles of import whose total value in 1928 was $214,000,000. This amounted to a demand on our part that the world pay us less in goods and more in gold, despite the huge hoard which we already possessed, the weakness in many currencies and the dire need of debtor nations for a better opportunity to sell goods...
Like misers in their closets, each little Central European government was trying to hoard its currency last week. Hungarians, always drastic and dramatic, were first to declare an actual "transfer moratorium." In Budapest handsome blond Baron Frederick de Koranyi (who in ornate Magyar costume on State holidays makes Magyar ladies' eyes dance) issued the Hungarian moratorium decree as Minister of Finance. It provides that for the next twelve months...
Many a buried treasure is still waiting to be found. Some scholars think Darius III of Persia cached a still-undiscovered gold hoard worth over...
...situation which recently caused the great drain on U. S. gold. After England suspended gold payments (Sept. 21), the U. S. lost $730,000,000 in six weeks, heaviest gold movement in history. Meanwhile U. S. citizens, alarmed at the spectacle of vanishing gold and failing banks, began to hoard, putting a severe and needless strain on the banking structure. When National Credit Corp. was announced (Oct. 7), foreign bankers misunderstood its purpose, sold dollars so heavily that the pressure bore the appearance of an attack...
...imagine few things more foolish than for anyone actually to hoard gold in a country with such a large gold supply as the United States and with such a strong credit position in relation to the rest of the world. The hoarding of paper money in the United States is likewise foolish. All of our American paper money, in addition to the other assets back of it, enjoys the guarantee of the United States Government itself and our national Government meets its obligations...