The Influence Of The Gold Supply On Prices And Profits Classic Reprint

Excerpt from The Influence of the Gold Supply on Prices and Profits I also propose to call attention to the great economic influence exercised by a general Rise in Prices due to an increase in the Quantity of Money, and by a general Fall in Prices due to the opposite cause. This influence is so pro found and far-reaching that it often leads to important social and political changes. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from The Influence of the Gold Supply on Prices and Profits The increase in the yearly production of Gold and the rise in Prices which have occurred in recent years have led to a renewal of the controversy as to the influence of Money on Prices. One party to this controversy holds that, under modern conditions, the Quantity of Money has a very slight and negligible influence on Prices, which are mainly determined by Credit. Their opponents hold that the Quantity of Money has a substantial influence on Prices, and assert that, "other things being equal, the general level of Prices is determined by the Quantity of Money:" they admit that during any portion of time which may be chosen the "other things" which are assumed to be equal in the statement of the Quantity Theory may vary in such manner as to exercise a material influence on Prices. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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Excerpt from Our Gold Supply: Its Effects on Finance, Trade, Commerce and Industries The question Of Our Gold Supply is one that does not, I think, require any apology for its introduction. To all sections of the civilized world it is a matter of paramount importance. As the supply of gold can only be maintained or increased but from one source, that is, gold mining; the remarks I have made, being the result of careful consideration of the subject and a long practical experience of gold mining on some Of the chief gold fields Of the world, will, I trust, be the means Of creating a little more interest in the development Of an industry which SO materially affects Finance, Trade, Commerce and Industries. The marvellous advancement of the world's progress in one generation will for ever mark a most important epoch of history - for never again is it likely that any great discoveries of gold will create the wide-spread thrill Of excitement and that spirit Of adventure which were created by the gold discoveries in California and Australia. The magic words Gold l Gold! Were heard on every Side, and Off for the Gold Diggings became at once the hope and determination of many thousands of the most enterprizing young men of the day, who soon congregated on the world famed Eldorados. The word Eureka was echoed from hills and valleys where the rich deposits of the precious metal had been found. The discoveries Of gold gave a vast stimulus to Finance, Trade, Commerce and Industries in England. Vessels were freighted from every port with merchandise and passengers to the land of gold - the gold fever permeated all ranks and classes of society, and as vessels returned from the Shores of California and Australia, freighted with large quantities of gold and wealth-laden adventurers, the rage for emigration was kept up, and a stream of living humanity was poured in upon the golden Shores of countries destined to be populated by millions, where had previously reigned almost Silent solitude. The wonderful changes that I have witnessed in the features of countries, converted, as by a magician's wand, from dreary, open dry plains, the solitude of sweet-scented fertile valleys, or the stillness of densely-timbered forests, into thriving cities, towns and settlements through the all-powerful influence of gold, have induced me to give some attention to the subject, and In, what I am aware is but an imperfect way, to endeavour to draw public interest to the question of Our Gold Supply and Its effects on Finance, Trade, Commerce and Industries. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from The Increasing Gold Supply and Its Effect on Security Values: Interest Rates; Commodity Prices, Etc As my personal study of the subject has been directed particularly to the speculative phase of the matter, I have produced a chapter on gold from a recent work. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from The Gold Supply and Prosperity The first (December, 1905) number of Moody's Magazine contained a symposium on the effects of the increasing supply of gold upon prices, interest rates, industry, etc. Both because of the able men who contributed to this symposium and the - to most men - novel theory advanced by many of the contributors, that more gold means not only continuously rising prices, but rising or high, rather than low, interest rates; and the fact, as was clearly shown, that the values of investments are rapidly changing as a result of the depreciation in the standard of value, there was such a demand for this number of the magazine that the supply was exhausted before the end of December. The demand for the "Gold Symposium" number continuing unabated, together with the many evidences manifested of the growing interest of investors in this vital question, it was decided to republish the Gold Symposium in book form. Not only have the statistics published in connection with the symposium been brought down to date, but much new material has been added. The "Quantity Theory of Money," as viewed by some of our ablest economists and thinkers, is given careful consideration. "The World's Production of Gold," by A. Selwyn-Brown, an expert, forms an important part of the book. Much new matter as to prices of bonds and stocks has also been added, which not only amplifies the data presented, but which demonstrates that, in practice, events are proceeding in accordance with the theories advanced by most of the contributors to the Gold Symposium. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.