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Explanation: Hoarding takes place when market agents take money or other assets -- in this case precious metal -- out of circulation by placing them in accounts (saftey deposit boxes, privately owned safes, etc.) where others cannot make use of them.
Hoarding has two effects: on the one hand it causes prices for the hoarded asset to rise as the asset becomes scarce; on the other hand, it confuses central bank regulators whose job it is to control the money supply and thus stabilize either interest rates or prices. This latter effect only occurs when money itself is the hoarded asset.
Precious metals are generally hoarded during times of inflation, because their value rises with the general rise in prices of other goods. In contrast the value of money declines during periods of inflation.
Dehoarding, athough used by economists, is not common in economic reporting. As a result I recommend the above translation for your sentence.
R. A. Stegemann Saudi Arabia Local time: 03:31 Native speaker of: English PRO pts in pair: 285