In keynesian economics the desire to hoard is known as liquidity preference because you want things you hoard to be immediately accessible i.e. liquid and require compensation to cease keeping something immediately available.
Most physical objects deteriorate over time which makes gold inspired money an exceptionally poor way to keep track of things because the things that deteriorate disappaer but the gold that represents the things that deteriorated did not.
So people hold onto gold or money without limit as it does not capture the full cost of deterioration leading to an imminent crisis in an economy that is not growing because the ponzi scheme has been exposed.
Most physical objects deteriorate over time which makes gold inspired money an exceptionally poor way to keep track of things because the things that deteriorate disappaer but the gold that represents the things that deteriorated did not. So people hold onto gold or money without limit as it does not capture the full cost of deterioration leading to an imminent crisis in an economy that is not growing because the ponzi scheme has been exposed.