--- title: "Meaning & Key Takeaway of: Gold and silver are no doubt subject to…" description: "\"Gold and silver are no doubt subject to fluctuations, from the discovery of new and more abundant mines; but such discoveries are rare, and their effec..." image: "https://sms4smile.com/quotes/i/766/david-ricardo-9461_discovery_gold-and-silver-are-no-doubt-subject-to_2063983.jpg" --- # Gold and silver are no doubt subject to fluctuations, from… ![“Gold and silver are no doubt subject to fluctuations, from the discovery of new and more abundant mines; but such discoveries are rare, and their effects, though powerful, are limited to periods of comparatively short duration.” quote by David Ricardo](https://sms4smile.com/quotes/i/766/david-ricardo-9461_discovery_gold-and-silver-are-no-doubt-subject-to_2063983.jpg) [Download](https://sms4smile.com/quotes/i/766/david-ricardo-9461_discovery_gold-and-silver-are-no-doubt-subject-to_2063983.jpg) [Open image](https://sms4smile.com/quotes/i/766/david-ricardo-9461_discovery_gold-and-silver-are-no-doubt-subject-to_2063983.jpg) > “Gold and silver are no doubt subject to fluctuations, from the discovery of new and more abundant mines; but such discoveries are rare, and their effects, though powerful, are limited to periods of comparatively short duration.” [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Commodity prices fluctuate with new discoveries, but such shocks are rare and short‑lived. **In simple terms:** Gold and silver prices change, yet big shifts are brief. Key Takeaway Expect temporary volatility, not long‑term collapse. Themes economics commodity markets volatility resource scarcity short‑term shocks Mood analytical cautious Type economic financial When to use this quote - trading - portfolio planning - resource extraction - policy making Key Concepts supply and demand market cycles investment risk Questions to Reflect On - Should you base investment decisions on short‑term price swings? - How do supply shocks affect broader economies? A Different Perspective Rare discoveries limit lasting impact; other factors dominate long‑term trends. ★ ★ ★ ★ ★ No ratings yet [Abundant Mines](https://sms4smile.com/quotes/about/abundant-mines-3951693/) [Discoveries Rare](https://sms4smile.com/quotes/about/discoveries-rare-3951692/) [Discovery](https://sms4smile.com/quotes/about/discovery/) [Doubt](https://sms4smile.com/quotes/about/doubt/) [Duration](https://sms4smile.com/quotes/about/duration/) [Effects](https://sms4smile.com/quotes/about/effects/) [Gold](https://sms4smile.com/quotes/about/gold/) [Gold and silver](https://sms4smile.com/quotes/about/gold-and-silver/) [Limited Periods](https://sms4smile.com/quotes/about/limited-periods-3576372/) [Mines](https://sms4smile.com/quotes/about/mines/) [Mines Discoveries](https://sms4smile.com/quotes/about/mines-discoveries-3951694/) [No doubt](https://sms4smile.com/quotes/about/no-doubt/) [Periods](https://sms4smile.com/quotes/about/periods/) [Powerful](https://sms4smile.com/quotes/about/powerful/) [Rare Effects](https://sms4smile.com/quotes/about/rare-effects-3951695/) [Silver](https://sms4smile.com/quotes/about/silver/) ## Related quotes > [In the second stage we stop thought for limited periods of time.](https://sms4smile.com/quotes/frederick-lenz/in-the-second-stage-we-stop-thought-for-limited-periods-of-time/) [Frederick Lenz](https://sms4smile.com/quotes/author/frederick-lenz/) > [Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour…](https://sms4smile.com/quotes/david-ricardo/gold-and-silver-like-other-commodities-have-an-intrinsic-value-which/) [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) > [It has therefore been justly observed that however honestly the coin of a country may conform to its standard, money made of gold and…](https://sms4smile.com/quotes/david-ricardo/it-has-therefore-been-justly-observed-that-however-honestly-the-coin/) [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) > [“While under the Spanish flag, the Crown rigorously controlled the number of slaves allowed into Cuba and charged the settlers a 20% royalty for…](https://sms4smile.com/quotes/captain-hank-bracker-the-exciting-story-of-cuba/while-under-the-spanish-flag-the-crown-rigorously-controlled-the/) [Captain Hank Bracker, The Exciting Story of Cuba](https://sms4smile.com/quotes/author/captain-hank-bracker-the-exciting-story-of-cuba/) > [“discovery of gold and silver in America, the extirpation, enslavement and entombment in mines of the aboriginal population, the beginning of the conquest and…](https://sms4smile.com/quotes/jack-weatherford/discovery-of-gold-and-silver-in-america-the-extirpation-enslavement/) [Jack Weatherford](https://sms4smile.com/quotes/author/jack-weatherford/) > [“Love God's people, let not strangers draw away the flock, for if you slumber in your slothfulness and disdainful pride, or worse still, in…](https://sms4smile.com/quotes/fyodor-dostoyevsky/love-god-s-people-let-not-strangers-draw-away-the-flock-for-if-you/) [Fyodor Dostoyevsky](https://sms4smile.com/quotes/author/fyodor-dostoyevsky/) > [“A third group of people see the highest felicity in the abundance of property and the extension of ease. After all, property is an…](https://sms4smile.com/quotes/al-ghazali/a-third-group-of-people-see-the-highest-felicity-in-the-abundance-of/) [Al-Ghazali](https://sms4smile.com/quotes/author/al-ghazali/) > [It is that fery person for all the orld, as just as you will desire; and seven hundred pounds of moneys, and gold, and…](https://sms4smile.com/quotes/william-shakespeare/it-is-that-fery-person-for-all-the-orld-as-just-as-you-will-desire/) [William Shakespeare](https://sms4smile.com/quotes/author/william-shakespeare/) > [Bell, book and candle shall not drive me back, When gold and silver becks me to come on.](https://sms4smile.com/quotes/william-shakespeare/bell-book-and-candle-shall-not-drive-me-back-when-gold-and-silver/) [William Shakespeare](https://sms4smile.com/quotes/author/william-shakespeare/) > [I go now to the halls of waiting to sit beside my fathers, until the world is renewed. Since I leave now all gold…](https://sms4smile.com/quotes/anonymous/i-go-now-to-the-halls-of-waiting-to-sit-beside-my-fathers-until-the/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [“But if Smith was right, and gold and silver became money through the natural workings of the market completely independently of governments, then wouldn't…](https://sms4smile.com/quotes/david-graeber/but-if-smith-was-right-and-gold-and-silver-became-money-through-the/) [David Graeber](https://sms4smile.com/quotes/author/david-graeber/) > [When I was on tour, people would say "We don't need a value-based currency, we can go out and buy gold and silver with…](https://sms4smile.com/quotes/bernard-von-nothaus/when-i-was-on-tour-people-would-say-we-don-t-need-a-value-based/) [Bernard von NotHaus](https://sms4smile.com/quotes/author/bernard-von-nothaus/) > [And when they had finished it, they brought the rest of the money before the king and Jehoiada, whereof were made vessels for the…](https://sms4smile.com/quotes/bible/and-when-they-had-finished-it-they-brought-the-rest-of-the-money/) [Bible](https://sms4smile.com/quotes/author/bible/) > [Today at school I will learn to read at once; then tomorrow I will begin to write, and the day after tomorrow to cipher.…](https://sms4smile.com/quotes/carlo-collodi/today-at-school-i-will-learn-to-read-at-once-then-tomorrow-i-will/) [Carlo Collodi](https://sms4smile.com/quotes/author/carlo-collodi/) > [All metallics are neutrals. So it is absolutely fine to mix gold and silver; you just want it to look like it has purpose.](https://sms4smile.com/quotes/stacy-london/all-metallics-are-neutrals-so-it-is-absolutely-fine-to-mix-gold-and/) [Stacy London](https://sms4smile.com/quotes/author/stacy-london/) ## More by David Ricardo > [It appears to me that one great cause of our difference in opinion on subjects which we often discuss is that you have always…](https://sms4smile.com/quotes/david-ricardo/it-appears-to-me-that-one-great-cause-of-our-difference-in-opinion-on/) [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) > [To alter the money value of commodities, by altering the value of money, and yet to raise the same money amount by taxes, is…](https://sms4smile.com/quotes/david-ricardo/to-alter-the-money-value-of-commodities-by-altering-the-value-of/) [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) > [Like all other contracts, wages should be left to the fair and free competition of themarket, and should never be controlled by the interference…](https://sms4smile.com/quotes/david-ricardo/like-all-other-contracts-wages-should-be-left-to-the-fair-and-free/) [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) > [During the period of capital moving from one employment to another, the profits on that to which capital is flowing will be relatively high,…](https://sms4smile.com/quotes/david-ricardo/during-the-period-of-capital-moving-from-one-employment-to-another/) [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) > [There is no way of keeping profits up but by keeping wages down…](https://sms4smile.com/quotes/david-ricardo/there-is-no-way-of-keeping-profits-up-but-by-keeping-wages-down/) [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) > [If the quantity of labour realized in commodities, regulate their exchangeable value, every increase of the quantity of labour must augment the value of…](https://sms4smile.com/quotes/david-ricardo/if-the-quantity-of-labour-realized-in-commodities-regulate-their/) [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) > [Whenever the current of money is forcibly stopped, and when money is prevented from settling at its just level, there are no limits to…](https://sms4smile.com/quotes/david-ricardo/whenever-the-current-of-money-is-forcibly-stopped-and-when-money-is/) [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) > [The exchangeable value of all commodities rises as the difficulties of their production increase.](https://sms4smile.com/quotes/david-ricardo/the-exchangeable-value-of-all-commodities-rises-as-the-difficulties/) [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) > [Whether a bank lent one million, ten million, or a hundred millions, they would not permanently alter the market rate of interest; they would…](https://sms4smile.com/quotes/david-ricardo/whether-a-bank-lent-one-million-ten-million-or-a-hundred-millions/) [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) > [If then the prosperity of the commercial classes, will most certainly lead to accumulation of capital, and the encouragement of productive industry; these can…](https://sms4smile.com/quotes/david-ricardo/if-then-the-prosperity-of-the-commercial-classes-will-most-certainly/) [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) > [I have already expressed my opinion on this subject in treating of rent, and have now only further to add, that rent is a…](https://sms4smile.com/quotes/david-ricardo/i-have-already-expressed-my-opinion-on-this-subject-in-treating-of/) [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) > [A BOUNTY on the exportation of corn tends to lower its price to the foreign consumer, but it has no permanent effect on its…](https://sms4smile.com/quotes/david-ricardo/a-bounty-on-the-exportation-of-corn-tends-to-lower-its-price-to-the/) [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) > [Labour, like all other things which are purchased and sold... has its natural and its market price.](https://sms4smile.com/quotes/david-ricardo/labour-like-all-other-things-which-are-purchased-and-sold-has-its/) [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) > [If a commodity were in no way useful, - in other words, if it could in no way contribute to our gratification, - it…](https://sms4smile.com/quotes/david-ricardo/if-a-commodity-were-in-no-way-useful-in-other-words-if-it-could-in-no/) [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) > [As the revenue of the farmer is realized in raw produce, or in the value of raw produce, he is interested, as well as…](https://sms4smile.com/quotes/david-ricardo/as-the-revenue-of-the-farmer-is-realized-in-raw-produce-or-in-the/) [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) [Explore all 72 David Ricardo quotes ](https://sms4smile.com/quotes/author/david-ricardo/) ## More Discovery quotes > [ Next came the Patent laws. 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