It didn't, and it wasn't gold, it was silver that rasied domestic prices and made imports cheaper than home produce.
Spains' principle motivation for its' exploration in the Americas was the quest for gold.
Spain's economy didn't benefit from the gold and silver from the Americas because although it did make Spain wealthy for some time, it caused the value of their money to drop and as the demand of physical elements increased, so did prices (inflation) causing Spain's economy to fail
for the gold of the Americas
Gold was known to exist in the Americas.
Gold
Gold.
One serious way was because they seized boats which contained spices (which between the 15th and 19th centuries were incredibly rare and expensive. After the discovery of the Americas it was gold and other precious metals that were stolen. This had a major impact on Spain's economy
Initially Europeans explored the Americas in search of gold, silver and precious stones.
Gold affects the South African economy in a wide variety of ways. The South African economy is not doing well and is not very prosperous. The abundance of gold greatly improves the economy.
If an economy uses gold as money, it's money will be coins.
gold.
gold and spices