Stockpiles in precious metals

In the older economic literature, the consensus view that every state should accumulate abundant precious metals and prohibit the export of metals extracted from within the country. Given the circumstances of the period from the 16th to the beginning of the 18th century, this was correct. For it was only with precious metal that goods could be bought in India, Southeast Asia and other places in the world at that time. Also, precious metal was the only commodity with which allies could be won in case of war. – In this context, one also speaks of mercantilism (mercantilism: a body of economic thoughts during the mid 16th to the beginning 18th century that generally called for government regulation of a nation’s economy in order to increase its power at the expense of rival nations, and especially the doctrine that money is wealth, accumulation of gold and silver, therefore, is the key to prosperity and wealth). – See Wealth, Wealth, Value Relativity, Wealth.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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