Bailiyan did not participate in the bidding of medium-grade cotton cloth, mainly because Ruitian only produces high-quality cotton cloth, and the inventory is only high-quality cotton cloth, medium and low-grade cotton cloth, and all the linen cloth market has been given to private retail investors and self-employed people. Although the cost of cotton cloth produced in Ruitian is slightly lower, the price is still higher than the price of low- and middle-grade cotton cloth made in Xianguo, so that ordinary households and individual private traders can also have a bite to eat.

The biggest difference between the best cotton cloth and the middle and lower cotton cloth is the fine density of the weaving thread, the cotton yarn spun by the best cotton cloth is uniform and moderately thick, and the warp and weft thread network woven is symmetrical, and the skin will not feel prickly. On the contrary, the middle and lower grade cotton cloth not only feels rough, but also has the prickly feeling of wheat mang under skin contact.

The market has its own balance of supply and demand, and it is very unreasonable for the state to take care of all of them. Through the development of high-end markets and new technologies, it is a virtuous circle to gradually promote market transformation and upgrading, so that market consumption capacity can be upgraded along with commodities.

Ruitian control of weaving spinning has the most efficient advanced looms, a few years later machine weaving to popularize, weaving better cotton, these now advanced looms can be eliminated to the private market, continue to produce and supply the current high-quality cotton, eliminate the current low-quality cotton, and then form iterative updates, promote the transformation and development of the market, so that all consumer groups can benefit.

The bidding lasted for three days, and the most fierce bidding was the traditional fur of the Central Plains, and the five kingdoms of Jin, Zhi, Wei, Xu, and Song made strong moves, with a total transaction of about 750,000 inches of silver fur.

The trade of high-grade products is not so wordy, except for the overlap of a few commodities, the specialties of each country have their own advantages, the rubber paint and dyes of the Qi country, the spices of the Chen country, the agarwood of the Yan country, the tortoiseshell of the Liang country, the agate jade of the Jin country, the jade of the eldest grandson, the amber of the Zhiguo, the dendrobium, the mountain ginseng, the high-quality leather goods of the Song and Xu countries, etc., are the luxury goods demanded by the Jin Xuedi people, and even the rubber paint of the country was unexpectedly selected as the first-class product, and made a small profit.

The main competition of the Xian Kingdom was fine silk, cotton cloth, jade, and tea.

Changsun is the largest jade mining country, ten years ago Xianguo still needs to import at a high price, and now it is overtaken by Xianguo, Changsun in addition to more minerals than Xianguo, its cost and output are not as good as Xianguo. The same is generally true for tea, the openness of tea in various countries is far less than that of Xianguo, and the production of tea in Xianguo has increased year by year.

Sixteen years ago, the Jin Xuedi people went on a northern expedition to Qianyue Mountain, and put the corpses carrying the blood disease, which caused the coalition army to be defeated due to the lack of vitamins in the winter spring, so the coalition army has successively mobilized tea from the hinterland of the Central Plains for winter drinking to reduce the harm of the blood disease.

The Jinxuedi people also faced the problem of drainage, and their measures were to store a large amount of fruit in the autumn to make fruit wine and fruit acid for drinking, so that they could be eaten in the winter when vegetables were scarce, and the emergence of tea was undoubtedly a new attempt, so that tea officially became a commodity of foreign trade.

The total amount of high-class luxury goods traded in Xianguo accounted for half of the country, and only cotton cloth and fine silk received gold and silver coins equivalent to more than 3.7 million inches of silver, which did not include pearls, soaps, golden silkworms, telescopes, lenses, high-grade medicines, industrial products and other commodities that were not included in the bidding range.

The transaction lasted for two days, some people were happy and some were worried, and Wei Guo unsurprisingly became the biggest "victim", and he only received a total of 200,000 inches of gold and silver coins.

On May 28, the hall was closed for three days for renovation, and then reopened three days later, and the bidding entered the second part of the first phase.

A total of seven days of transactions, not so much to make the princes earn a lot of money, but to open their eyes, unprecedented to see the wealth of the Jin Xuedi people, before and after the seven days of the total transaction amount of the book amount of silver, more than 1,560,000. The ransom obtained from the southern expedition that year, the total amount of gold and silver was only converted into this in the end.

The seven-day transaction reached more than 15.6 million, which was not only a historical precedent, but also the largest precious metal trade in the history of the Central Plains.

On the afternoon of the 28th, in the Bailing Garden of the Xianwang Palace, the Xianwang took the list of transactions he had just sorted out and read it word by word, and his joy was overflowing.

"I really didn't expect that Jin Xuedi's people would be so generous, it seems that they are still underestimated by the widows."

"What the king said is very true." Baili Yan said, and then said: "Mooney's transaction is indeed very large, and there are no more than two reasons for this. The first is that the Jinxuedi people are in urgent need of herbs due to the plague, and they dare not slack off, so they can only spend a lot of money to buy peace, so as not to be troubled by the countries, and even so, they cannot avoid being blackmailed.

Second, the minister once said that the amount of gold and silver of the Jinxuedi people was beyond imagination, and their gold and silver ore were all exposed on the ground, and even the gold and silver collected could have the color of barefoot gold without refining. Most of the dining utensils used by their nobles and wealthy people are made of gold and silver, and the gold and silver of the treasury of a county town are enough to cover the total amount of a city with a population of 200,000 in our Central Plains.

In addition, for thousands of years, its territory has never been invaded by foreign enemies, and the huge amount of gold and silver accumulated over the years can be seen.

Thirty years ago, even during the Chengping period, the gold and silver that could be accumulated was only 30,000 or 40,000 yuan after throwing away expenses in a year. Now I have earned 48.9 million inches of silver in seven days of trading, which is unthinkable 30 years ago. ”

In seven days of trading, the Xianguo obtained a total of 5,870,000 inches of gold and silver coins, which is equivalent to the total amount of gold and silver accumulated in the 150 years ago 30 years ago.

"Aiqing, when will the gold and silver arrive?"

"It is estimated that it will take two months at the earliest, and during this period, there will be bidding for the goods of the Jin Xuedi people, so it is not yet the gold and silver that will finally arrive."

Mooney left all the gold and silver south of Qianyue Mountain, and the transactions obtained this time were all book funds, and all the goods traded would be shipped to Xianguo to be paid and delivered with one hand, so Bailiyan did not get a penny. But King Xian has already begun to think about how to distribute the funds:

"Aiqing, in the final transaction, how much gold and silver can I get in Xianguo?"

"Back to the king, at the moment only the goods in the list are traded, and Mooney's side has made it clear that they will also trade pearls, soap, porcelain, glass, golden-haired silk, and other new goods of our country, but the total amount is not yet known.

In addition, the minister planned to buy skins, spices, honey, mountain goods, jewelry, ivory, and precious medicinal materials from Mooney, and it is indeed difficult to say how much gold and silver he finally received. ”

"That's it......" King Xian pondered, a flash of yearning flashed in his eyes, and then he said: "Their ivory gems are indeed good things, Aiqing must buy more this time, the widow has another use." ”

"Your Ministers obey."

Bailiyan had already thought that King Xian wanted jewelry and ivory for use, and the mausoleum was almost completed, leaving only the surface buildings and the addition of funeral goods, and King Xian bought luxury goods for the burial underground.

After a little thought, Bai Liyan continued:

"The king, the minister still needs to report to the king for something."

"Speak, widow listen."

"Just like the ransom brought back by the minister's southern expedition that year, the gold and silver obtained from the treasury in the final result of this transaction, the minister suggested that it should still be transferred to the inner government or the money shop for storage, and not used for other purposes for the time being."

"Hmm......" King Xian nodded in a deep voice, and then said: "The national strength was not good back then, but now the national strength is growing, why should Aiqing suppress it." ”

"Back to the king, twelve years ago, my country obtained a huge amount of gold and silver, and the purchase of materials was requested from various countries, and the spoils of war in various countries were far less than ours, so it is bound to maliciously raise prices to extract gold and silver from our hands.

Now that the nations have received huge benefits, they are bound to spend lavishly, and the amount of gold and silver circulating in the market will multiply, which will inevitably lead to a sharp rise in prices, and the demand for gold and silver will increase accordingly, and the gold and silver that have just arrived will flow out in large sums, which is not a good deal. Please also ask the king to know the truth. ”

"If all the gold and silver are in our hands, and the prices in the market are soaring, will not the expenditure of the treasury become more and more urgent?"

"There is such a possibility, but the king should not forget that the important thing in trade is in the goods, not gold and silver, and gold and silver cannot be used for food and drink, nor can they be turned into food and weapons, but what is really useful is the goods that can be used for food, drink, shelter and transportation. We can produce most commodities in Xianguo, so we temporarily suppressed gold and silver, and it will be a little difficult for a while, but after the goods of Xianguo are sold into gold and silver, the gold and silver earned can be used for expenditure.

In addition, the ministers and other nobles received a huge amount of gold and silver, which was gradually put into the market for purchase, which could alleviate the trend of soaring prices. ”

Despite the significant increase in revenues from precious metals on the books, inflation is inevitable.

The supply and demand of the market will not fluctuate violently in the short term due to the increase of currency, on the contrary, the relatively unchanged supply and demand relationship in the short term will cause a certain degree of inflationary depreciation due to the increase of money supply.

In general, as long as gold and silver are evacuated to various places, the long-term impact of inflation is still limited, but the gold and silver gathered in the core area of the Central Plains in a short period of time will still bring the market price abnormally higher.

At this time, the rash spending of gold and silver will not hedge against rising prices, but will instead push up the bullish sentiment in the market and further stimulate soaring prices.

Although there are short-term difficulties in the expenditure and procurement of precious metals, the outflow of domestic gold and silver will be prevented to the greatest extent, and the purchasing power of the new currency in the country is strong, and the supply of new currency, which began to soar last month, will replace some precious metals to participate in the trading of most commodities.

Even if the price rises, most of the output of the salty country is still new currency, and the new currency eventually flows into the markets of various countries through trade. The domestic inflationary pressure of the salty country will be exported to other countries, and the domestic economic contradictions caused by the issuance of new currency due to infrastructure construction will be transferred.

"Okay, let's do it according to Aiqing's wishes, and go to Prince Xuan to come."

"Your Ministers obey."

Bailiyan bowed and saluted and slowly retreated, and came to the outside of Bailing Garden when he was young, the prince and other cabinets and magnates flocked to wait anxiously outside Bailing Garden, and when they saw Bailiyan coming out, the prince, Gao Xun and other cabinets immediately came forward:

"Marquis Yongxing, my father can be summoned."

"Back to His Royal Highness the Prince, the king only summons His Royal Highness into the garden, and the other adults please stay calm and wait for the king to summon you."

"There is Lao Yongxing."

The prince said politely, and then entered the Bailing Garden to see the driver.