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Coin value shifts threaten gold and silver trade in Europe
Isaac Newton warns that gold may need price adjustment to curb silver outflow. Export demand for silver to India and Europe’s higher gold value risk long deficits. lowering gold’s value by a small amount could prevent mass silver export. Tangible measures include reducing the guinea ratio and halting foreign coin exploitation to stabilize money.
MENTIONED IN THIS ARTICLE
William
Spain
Portugal
France
Holland
Italy
Germany
Orthéri
China
Japan
East
India
Europe
East Indies
Fair Indies
England
Bothlaces
Guinea
Foglind
Scotland
Treasury
Lords Commissioners of the Treasury
Buc
Becaus
Pam
Isaac Newton