Solomon had a lot of gold during his reign. The queen's gifts added to what Solomon already had from his trade with Hiram of Tyre. He used the gold wisely (see 1 Kings 6:20–22, 28, 30, 32, 35; 7:49–51; 10:18, 21).
Arabian traders sold spices like frankincense and myrrh. Both were used for medicine; frankincense was also used in holy incense (Exodus 30:34–38; Leviticus 2:2), and myrrh was used for perfume and embalming the dead. Wise men from the east gave these spices and gold to Jesus (Matthew 2:1–11).