Nowadays, transactions between countries follow the silver standard system.

Gold has been very rare since ancient times and is rarely used as currency, but many countries only provide exchange rates.

But if you use this exchange rate, you can't exchange it for gold at all.

Therefore, everyone generally uses silver with lower reserves and lower value as currency.

That is, the silver standard uses the exchange rate of silver to determine what price the country's currency should have.

In other words, one tael of silver can buy fifty dan of grain in Long Yan Kingdom.

But in Britain, one tael of silver might buy you only twenty dan of grain.

It's the same one tael of silver, but the exchange rate is different, which leads to a huge gap.

But such a system does not apply to transactions between countries.

There is often a huge gap between the gold and silver exchange rates of their own countries and the exchange rates of trading countries.

Moreover, the value of silver, since the industrial revolution, silver can be used in too many places.

Therefore, the price of silver will surge and fall to varying degrees across countries.

It is basically impossible to trade with silver now.

This also leads to a long period of wrangling every time a transaction is made, and it may even be necessary to wait until the direct exchange rates between the two countries are close before the transaction can be carried out.

But we can't wait now.

The preparations for the Dreadnought-class battleship have reached an urgent stage. Although Britain is now at odds with Long Yan, the friction has reduced.

But the French fleet is now floating at sea, and the war is not over yet.

If Britain wants to quickly end its battle for maritime supremacy with France, Britain must have a strong enough fleet.

“Then why not trade in gold?”

A voice broke the silence of the British Parliament.

Everyone looked at the congressman who spoke, it was the slovenly Newton congressman from before.

He said this sentence with no expression on his face.

The finance minister looked at Newton with a bad look. Newton was a member of Parliament, but he was also his subordinate.

However, the Finance Minister has never been able to have a good impression of this subordinate who is only in his name.

As for the reason, it is the same as that of most congressmen, if anything, it is different.

The Finance Minister was even more fed up with Newton, who was idle and never worried about himself.

"Haha, this is the funniest joke I've ever heard in my life."

The Finance Minister sneered.

There was also a hint of sarcasm on the faces of others.

George III looked at Newton with a complicated temperament and wanted to say something, but he had nothing to say.

In his opinion, Newton was definitely the smartest man in Britain, and his theories led Britain to greatness.

Many of Britain's inventions were improved by his knowledge.

But this guy can only do research and experiments.

I recruited him in the first place because I wanted him to help me solve my problem.

But Newton never cared about the issues and didn't even attend parliament.

George III tolerated this.

But now he was talking wildly about how to trade gold. George III could only say helplessly: "Congressman Newton, please don't bring up such suggestions again."

"Gold is more important than silver."
Chapter completed!