Monday, Jan. 25, 1932
Tooth Hoarding
So low is Austria's gold coverage that by recent emergency laws no citizen may take gold out of the country. The Government is doing everything in its power to prevent gold hoarding. A citizen can, of course, still have a toothache.
Several months ago Austrian officials noted remarkable activity among dentists. Cautious peasants were coming down from the mountains eager to fill their honest faces with as many great glittering grinders as possible. Another type of gold bootlegging was springing up: dental supply houses bought gold, sold it at abnormal prices to the timorous. Last week the National Bank abruptly denied all dental supply houses the right to buy and sell gold.
"We have taken the position," said an official, "that temporary fillings will have to do until the crisis is past."
Later the Ministry of Finances relented, overruled the Bank and allowed dentists to buy gold stoppages on presenting special certificates.
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