22 lines
646 B
Markdown
22 lines
646 B
Markdown
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-1-chapter-05 -->
|
|
|
|
# Fluctuations in Value of Gold and Silver
|
|
|
|
## Definition
|
|
|
|
The variations in the purchasing power and worth of precious metals over time, caused by changes in mine productivity, discoveries of new sources, and shifts in market conditions.
|
|
|
|
## Source Chapter
|
|
|
|
Book I, Chapter 5
|
|
|
|
## Context
|
|
|
|
Smith discusses how these fluctuations make gold and silver unreliable measures of value, using the discovery of American mines as a key example of how such changes can dramatically affect prices.
|
|
|
|
## Economic Domain
|
|
|
|
Exchange
|
|
|
|
---
|