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Author: Adam Smith

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That that increase in the quantity of the precious metals, which
arises in any country from the increase of wealth, has no
tendency to diminish their value, I have endeavoured to shew
already. Gold and silver naturally resort to a rich country, for
the same reason that all sorts of luxuries and curiosities resort
to it; not because they are cheaper there than in poorer
countries, but because they are dearer, or because a better price
is given for them. It is the superiority of price which attracts
them; and as soon as that superiority ceases, they necessarily
cease to go thither.

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