Book Description

Excerpt from The Gold Treasure of India: An Enquiry Into Its Amount, the Causes of Its Accumulation, and the Proper Means of Using It as Money So far as the amount of this sum depends on a remediable over-valuation of gold, it might be reduced by additions to the stock of that metal available for use as money. So far as it depends on the depreciation of silver in the gold valuation, any measure tending to bring into use the discarded silver money of the European world would tend to raise its value. An endeavour is therefore made in the following pages to sketch the history of the precious metals in connection with the trade between India and foreign countries from the earliest ages, to describe the causes always in operation which directed the course of gold and silver to India, to estimate the stock of gold which has been under process of accumulation in India during more than twenty-five centuries, and to urge (not for the first time) on the consideration of those interested in this subject the importance of liberating the vast gold treasure hoarded in India (which the following observations will show to exceed considerably in value), and, by making it available for use as money, to reduce the value of gold as a purchasing agent to its natural proportions. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.