22 lines
590 B
Markdown
22 lines
590 B
Markdown
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-1-chapter-05 -->
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# Value of Gold
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## Definition
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The purchasing power of gold in terms of the labour or commodities it can command, which Smith discusses in relation to silver and shows varies with changes in mine productivity and market conditions.
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## Source Chapter
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Book I, Chapter 5
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## Context
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Smith examines how the value of gold relates to silver and other commodities, showing how changes in its value affect the overall monetary system.
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## Economic Domain
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Exchange
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---
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