Before revision: Because the Spaniards didn't find gold but did find copious amounts of silver in Bolivia and Mexico, the Spaniards and the rest of Europe used this silver to purchase the commodities of choice from China, solving both of their problems.
After revision: Because the Spaniards did not find gold but did find copious amounts of silver in Bolivia and Mexico, the Spaniards and the rest of Europe used this silver to purchase the commodities of choice from China, solving both of their problems.