People buy and hoard gold in times of uncertainty, economic and political.

Many of the people who hoard gold today expect hyperinflation, and are hedging against it by holding specie.

His 100 franc pieces 1929-1936 did not circulate, but were used as a convenient way to hoard gold.

Feeling runs very high against those who in selfishness and panic are hoarding gold and buying up large stocks of provisions.

Both countries have a long tradition of hoarding gold, often in the form of jewellery, as a form of personal saving.