Price Of Gold
Sir, —Robert Browning is difficult to understand as he had the ability of using 10 words where 20 were required by the less gifted, but persistence was usually rewarded by final appreciation of the “many splendoured thoughts”. Unfortunately this does not apply to the epistle of T. M. Shaw of Westport: persistence makes confusion more confounded. Mr Shaw apparently cannot different! ate between price and value. Price is an expression of value but not necessarily a true expression, and that value is determined as the value in all goods is determined by the socially necessary effort which it has embraced. Fluctuations do occur but they are fluctuations which orbit around a basic law of value, not price. Gold is not an "Aunt Sally” exempt from this basic law of goods exchanging at their value. (Note: “Not price.”)—Yours, etc., GOLDMINER. October 7. 1966.
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Press, Volume CVI, Issue 31187, 11 October 1966, Page 16
Word Count
145Price Of Gold Press, Volume CVI, Issue 31187, 11 October 1966, Page 16
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