Quote by David Ricardo
Gold and silver, like other commodities, have an intrinsic value,

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. – David Ricardo

Other quotes by David Ricardo

The facility of obtaining food is beneficial in two ways to the owners of capital, it at the same time raises profits and increases the amount of consumable commodities. – David Ricardo

Category:
Food
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After all the fertile land in the immediate neighbourhood of the first settlers were cultivated, if capital and population increased, more food would be required, and it could only be procured from land not so advantageously situated. – David Ricardo

Category:
Food
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Other Quotes from
finance
category

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. – Alan Greenspan

Category:
finance

If it isnt the sheriff, its the finance company Ive got more attachments on me than a vacuum cleaner. – John Barrymore

Category:
finance

There can be no rise in the value of labour without a fall of profits. – David Ricardo

Category:
finance

Dont gamble take all your savings and buy some good stock and hold it till it goes up, then sell it. If it dont go up, dont buy it. – Will Rogers

Category:
finance

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