Sentence examples for outflow of gold from inspiring English sources
Devaluing one's currency, erecting trade barriers and clamping controls on capital outflows might be effective for reducing balance-of-payment deficits, stopping the outflow of gold and pumping up government revenues," Ms. Nasar writes.
Since the local currency had to be backed by gold, the outflow of gold meant fewer units of the local currency would circulate, and that would shove your interest rates up and you went into a slump.
On July 27, The Commercial & Financial Chronicle noted that "the market keeps unstable ... no sooner are these signs of new life in evidence than something like a suggestion of a new outflow of gold to Paris sends a tremble all through the list, and the gain in values and hope is gone".
That, in turn, would lead to outflows of gold, depleting the economy's reserves and eventually forcing it to leave the gold standard.France, the argument runs, enjoyed an undervalued currency (meaning that it returned to the gold standard after the First World War at a franc price of gold that advantaged French exports).
A general agreement led to protracted negotiations, which stalled over the outflow of Austro-Hungarian gold reserves to Germany.
And in 1931-32 it raised interest rates again after Britain's decision to let the pound break free from the gold standard led to fears of gold outflows.
Wear loads of gold, preferably fake gold.
Think of gold colored items.
Wear lots of "gold" items.
