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Regardless of Portugal's sorrow, Spain has earned it. However, one thing is certain – the massive inflow of gold from Africa into Europe could go a long way in alleviating the gold shortage.

At present, Marin has been supporting the expansion of production at the Tyrolean and Saxony silver mines. At the same time, tens of thousands of Hungarian prisoners of war were sent to exploit the Goslar silver mines. It is foreseeable that silver production in Europe will definitely skyrocket in the future. At that time, if silver production skyrockets and gold production remains, then a large fluctuation in the gold-silver price ratio is almost inevitable.

At the moment, the gold-silver ratio is about 1:12. If silver production increases dramatically, gold remains the same, and the price of silver will inevitably fall. Historically, from the 16th century, the gold-silver ratio fell to 1:15 and remained until the seventies of the 19th century.

Then, the United States discovered the Nevada super silver mine, which produced silver worth $645,000 that year (at that time, the United States implemented the gold and silver double system, $1 = 24 grams of silver), and two years later, the annual silver production increased 25 times, reaching a terrifying $16.125 million, which is equivalent to 387 tons, equivalent to 387,000 kilograms, which is 2.76 times the annual output of the Tyrolean silver mines and Saxony silver mines combined. In addition to the Nevada Gigamine, the U.S. had discovered a number of new silver deposits in the western region at the time.

This directly led to the collapse of silver prices in the seventies and eighties of the 19th century, with the gold-silver ratio falling from a stable 1:15 to about 1:20.

Then, the collapse of the silver price led to the collapse of the gold and silver standard system in the United States. At the same time, in the following 20 years, various developed countries in Europe and the United States abandoned the gold and silver double standard system one after another, and chose to learn from Britain and engage in the gold standard. And with gold as the base currency, paper money is issued. Subsequently, only the Qing Dynasty and India and other Eastern countries in the world still used silver as currency, while European and American countries entered the era of banknotes.

Previously, Marin had been worried about the collapse of silver prices due to the explosion of silver production from the three major silver mines, Tyrolean, Saxony and Goslar. But now, with the inflow of gold from Africa, the price of silver has been maintained to a certain extent.

As for the rise in prices due to the increase in gold and silver? Not yet possible. Because Europe is already seriously short of gold and silver. These gold and silver just fill the huge gap before, and will not cause a sharp rise in prices.

Because Europe spends millions of gold and silver dollars worth of gold and silver every year to buy spices, silk and other oriental products. Even if a large part of the silver produced by Marin's Goslar silver mine was to be traded in the Ming Dynasty. Therefore, there will be no hoarding of gold and silver in Europe, and it will naturally be difficult for prices to rise.

However, there are limits to this, as in the original history, the large output of silver in Mexico and Peruvian Potosí, coupled with the large-scale development of Iwami Silver Mountain during the Warring States period of Japan, led to a serious overproduction of gold and silver, and there was a crisis of skyrocketing prices.

In fact, if the Ming Dynasty hadn't digested so much silver for Europe, God knows what would have risen in Europe. Gold and silver are not always better, but only when they are used to buy the goods they need, they have their own value. Otherwise, it's just a metal bump.

Therefore, Marin deliberately suppressed the exploitation of gold and silver in the Americas, so as to avoid excessive gold and silver production, exceeding the value of the total commodities of society. Once so, the economic crisis came.

As for the question of whether Japan's silver will make prices rise, Marin has never been worried. Because, the market of the Ming Empire is too large, and that bit of silver is not enough for the Ming Empire to absorb and digest. The Ming Dynasty was a superpower with a population of hundreds of millions, and its grain production far exceeded that of Europe. Japan's silver production can't afford to make waves in the face of the huge Ming Dynasty market. Unless the major silver mines in the Americas, such as the Potosi Silver Mine, and the Japanese silver mines develop and explode production, it is possible to cause huge fluctuations in world prices.

……

To be honest, when Marin was a sling in his previous life, he never imagined that he would one day worry about excessive gold and silver production.

For the average person, this is a very idea. But as a state administrator, I have to think about it. Otherwise, whether it is a shortage of gold and silver, or an excess of gold and silver, it will cause turmoil in the country's economy.

In modern times, the economic crisis has led to the fact that many people are unemployed, but very few people die of starvation. Because, the state will intervene. But in this era, once there was an economic crisis, the feudal monarchs could not control it at all. When the time comes, starving people everywhere will be nothing more than normal operation. Many immigrants from the Americas had to go to the Americas to make a living because of the economic crisis and famine in Europe. Otherwise, who wants to leave their homeland if they are living well?

……

In order to maintain the stability of the European gold and silver ratio, Marin even sent troops to help Portugal and capture Timbuktu when the time was ripe......

Why? If you get Timbuktu, there will be a lot of gold flowing into Europe. When European silver production exploded, only by introducing a large amount of gold could we maintain the stability of the gold-silver ratio and maintain the stability of the market.

Moreover, Marin will not do it in vain. Because, he had planned for a long time - to use the opportunity of sending troops to help Portugal seize Timbuktu and ask for colonial rights in South Africa as a reward......

This is a very obscene and immoral request, and the Portuguese probably did not know that in the inland highlands of South Africa, there are reserves of tens of thousands of tons of gold......

The gold that can be obtained by a mere Timbuktu is not worthy of carrying shoes in the Rand region of South Africa......

Of course, Marin will not immediately exploit South Africa's gold, but will deliberately hoard it. Even, he did not plan to exploit South African gold while he was alive. Because, if South Africa's gold is really developed, it is estimated that the price of gold will fall very badly.

After all, this was an era when gold and silver could be used directly as currency. If there is too much gold, the price of gold will definitely fall.

How much gold is there in the Rand region of South Africa? That's more than 50,000 tons! Minted into 3.56 grams of gold coins, that is more than 14 billion gold coins. The question is, are there so many commodities in the world right now? Even if some of the gold is developed, the world market will not accept it.

It was only in the 20th century, when the gold mines were developed, that the world's productivity was greatly improved, so that South Africa's gold would not impact the world economy. Because, in the 20th century, the world economy was too large.

However, in the 16th century, this gold mine could not be exploited. Because, at this time, the world economy, which was still very small, could not withstand the impact of so much gold.

Therefore, Marin intends to temporarily seal the South African gold, and occupy the land first. Otherwise, it would have been bad if the Spaniards had crossed the Limpopo River and headed south for gold. Zimbabwe and South Africa are separated by a Limpopo River, and Spain could easily cross the Limpopo River to the south if it occupied all of Zimbabwe. Therefore, Marin had to seize South Africa before the Spaniards moved south, and garrison troops on the south bank of the Limpopo River to stop the Spaniards from moving south......

Then, each generation of the Hoffman family would learn of the existence of gold mines in South Africa. Only when the social productive forces have developed to a certain height, and the Beihai State is still strong at that time, can this gold mine be developed. Otherwise, it will either be socio-economic upheaval, or it will be wiped out like the Transvaal Republic......

"The husband is not guilty, but he is guilty!" Marin wrote down eight vigorous Chinese characters, framed them, hung them in his study, and asked Caesar to visit them often......

Caesar looked confused, he was still a child, where could he understand any profound truth? Moreover, Marin didn't tell him about the gold mines in South Africa......

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