ABSTRACT
The Mint price of goldagain merely defines the weight of a sovereign, or the number of sovereigns and parts of a sovereign into which the Mint converts an ounce Troy of gold. The delusion of those who want free trade in gold as well as everything else, merely amounts to doing away with coins of any fixed weight. Prices temporarily may rise or fall independently of the quantity of gold in the country; ultimately they must be governed by this quantity. All articles of commerce might be arranged in a list according to the degree in which their supply is subject to natural fluctuations unconnected with the demand. The fluctuations of investment of capital, prices, stocks of commodities, and of the standard of value, whether gold or not, would not be altered in nature if we had no foreign exchanges at all.
