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Remarks on the production of the precious metals. Faucher Leon
founded on correct data, and which bring the production of gold up to 42,800 kilogrammes – that is, to 21147,400,000 francs.
This result, then, is remarkable. The 17th century produced 1 lb. of gold to 60 lb. of silver. In the 18th century the production was as 1 lb. to 30 lbs. At the beginning of the 19th century silver was again abundant, and appeared in quantity as 1 to 50. Towards the year 1847 the production of gold again increased, and the relative proportions were as 1 to 20. The development of the Siberian mines, which has so materially changed the relative production of the two metals, has produced no sensible alteration in price. Will it be the same with the wonderful discoveries in California and Australia? To solve this question, it will be desirable to examine accurately the actual state of the production of gold and silver throughout the world.
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1
£20,000,000
2
£24,000,000
3
lbs. 797,629=£37,209,423
4
£4,000,000
5
A kilogramme is equal to about 2 lbs. 8 oz. 3 dwts. 2 gr
1
£20,000,000
2
£24,000,000
3
lbs. 797,629=£37,209,423
4
£4,000,000
5
A kilogramme is equal to about 2 lbs. 8 oz. 3 dwts. 2 grs., and is worth about £125; 30 kilogrammes would therefore weigh about 80 lbs. 3oz. 20 dwts. 12 grs., and would be worth about £3750.
6
£5,960,000
7
lbs. 6,381,530=£297,700,000
8
lbs. 295,717,106=£887,151,318
9
£1,280,000,000
10
£320,000,000
11
£240,000,000
12
£80,000,000
13
lbs. 42,336=£1,975,000
14
lbs. 2,331,070=£6,923,210
15
lbs. 63,504=£2,962,500
16
lbs. 2,411,562=£7,234,686
17
lbs. 169,479=£7,906,250
18
lbs. 2,344,574=£7,033,792
19
lbs. 66,989=£200,967
20
lbs. 80,386=£3,750,000
21
£5,896,000
£5,896,000