gold-supply

Updated: May 22, 2025

As regards the gold-supply of this El Dorado, the Gold Coast, it has been estimated that the total since A.D. 1471 amounted to six or seven hundred millions of pounds sterling. Elmina alone, at the beginning of the seventeenth century, annually exported, according to Bosman, 3,000,000l. At a later period Mr. McQueen increased the figures to 3,400,000l.

Sir Richard Francis Burton - To The Gold Coast for Gold, Vol. II: A Personal Narrative

They had seen the ratio of gold-supply far beyond that of silver for a series of years following 1850, and then for a series of years the ratio of silver-supply in excess of the supply of gold. The theory advanced by this class rested upon the proposition that the dollar of commerce could not with safety be exclusively based either upon the scarcer or upon the more plentiful metal.

James Gillespie Blaine - Twenty Years of Congress, Volume 2 : From Lincoln to Garfield, with a Review of the Events Which Led to the Political Revolution of 1860