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# Packet-boat Gold Import Estimate

## Definition

The reported weekly importation of gold from Portugal to England via packet-boat, estimated at £50,000 per week or more than £2,600,000 annually. Smith suggests this figure may be exaggerated but uses it to illustrate the scale of precious metal flows in international trade.

## Source Chapter

Book IV, Chapter 6

## Context

Smith cites this estimate to demonstrate the magnitude of gold flows between England and Portugal. He uses the figure to support his argument that even large-scale precious metal movements are primarily driven by trade facilitation needs rather than mercantilist goals of wealth accumulation.

## Economic Domain

Exchange

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