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sexthailan

But the number of people who want silver coin for the common uses of buying and selling at home, is surely much greater than that of those who want silver bullion either for the use of exportation or for any other use. An ounce at London will always give him the command of double the quantity of all these which half an ounce could have done there, and this is precisely what he wants. By the money-price of goods, it is to be observed, I understand always the quantity of pure gold or silver for which they sexthailan sold, without any regard to the denomination of the coin. They are regulated altogether by the value of the sexthailan employed, and are greater or smaller in proportion to the extent of this stock. Though at distant sexthailan, there is no regular proportion between the real and the money price of commodities, yet the merchant who carries goods from the one to the other has nothing to consider but their money price, or the difference between the quantity of silver for which he buys them, and that for which he is likely to sell them. Such talents can seldom be acquired but in consequence of long application, and the superior value of their produce may frequently be no more than a reasonable compensation for the time and labour which must be spent in acquiring them. Half an ounce of silver at Canton in China may command a greater quantity both of labour and of the necessaries and conveniences of life than an ounce at London.

sexthailan

sexthailan