GOLD IN JEWELLERY.

Inangahua Times, Volume XI, Issue 1754, 8 September 1886, Page 2

GOLD IN JEWELLERY.

■ ' ♦ A'-cording to Mr Swtheer's researches, jewellery and the arts, after i due allowances lms been made for tlie I re-empl<>vm< nt. of old ii"\<\ absorb 1 yearly 90.000 klloo-Hnt? of pm-M goM, or at out £1 -2,000.000. As Mo.etrm i Frewen remarks, this grr at muss of i gold, far from relieving and expand ing currency, must have paused still j fa* flier appreciation of jrold, bt cause ! more goid would ho ivquir«'d in the ! currencies to measure and effect the 1 excimnge of this volnnie of t!ie metal , sin keel into couimn.iiucs. ('lifF.- Leslie aKo (k'Mioiis. rated tliis point most clearly. A-< »e.ad< the use of the precious tnet.ils in art, there is on? wry important plipn*>in>-'!oti which has i-of y () t atlractt'd no! Ice, and wlncli ■ pro.es to how j^reut an extent uiom- y ! j differs from other mejvha idi>e. I» ■ ! the ease of all other goods, when ! production diminishes and consnmp- | , tion augments, a rise in prices pie- i j vents a too gvea increase in deiu.iiid. . For money mehtls this is not, the case, because trade can always obtain the metal from the monetary stock <*t the fixer! mint value by melting com. The very last kilogram of gold in France may c procured by any jeweller for 3100 f, and everywhere e'se in 'lie same way. Messrs. Mulhall and Atkinson, on the poniraiy, consider the mass of gold to he met with under the form of jewels and gildings &c, a* playing the same part as money. And this is a grave mistake. — Jhe Contemporary Revir>w.