Observations on the gold crisis, the price of silver and the demand for it; with answer to the question, "What becomes of the new supplies of gold"

Abstract

A decline in the value of either of the precious metals must proceed very slowly; as, owing to their natural qualities and the purposes to which we turn them, they are calculated to accumulate gradually from age to age, and thus to form so very great a supply, that the entire amount will be but little affected by the production of a few years, though unusually abundant; and the metal accordingly, within a similar period, will become but very little cheaper. But this is not the way the generality looked upon the matter.