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Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them.

Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them.

Historical period not yet established

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Attribution & collection notes
Author or tradition
David Ricardo
Attribution: attributed
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Not established
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Historical period not yet established
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Contributor-provided quotation collection

Supplied reference C; CSV row 467398; supplied attribution, independently unverified

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