1. World problems
  2. Hoarded monetary gold

Hoarded monetary gold

  • Hoarding monetary gold

Nature

There is a tendency for people and, in some cases, institutions, to hoard monetary gold, usually as a security against socio-economic crises. The process of hoarding in effect reduces the funds circulating within the economy which would otherwise be used to finance new developments.

Incidence

Although it is not possible to be certain of the amount of hoarded gold, it has been estimated, for example, that in some developing countries in Southern Asia and the Middle East the hoarded gold may represent 10% of the national income. Some hoarding is done by governments where the law requires that the local currency should be backed to 100% by foreign exchange.

Aggravates

Aggravated by

Strategy

Saving gold
Yet to rate

Value

Hoarding
Yet to rate

Metadata

Database
World problems
Type
(D) Detailed problems
Subject
Content quality
Presentable
 Presentable
Language
English
Last update
Oct 4, 2020