Influence of Factors on Quantity and Value of Precious Metals

The chapter explores how factors like purchasing power, industry state, and global mine fertility influence the quantity and value of precious metals like gold and silver in a country. It compares the worth of these metals in China and Europe, emphasizing that economic wealth, not mine abundance, determines their value. Additionally, it delves into the impact of increased gold and silver quantity in Europe on countries like Poland, Spain, and Portugal, discussing the relationship between precious metal value, a country's wealth, land fertility, cultivation, and the influence of improved agriculture on various food prices.