King Solomon's vast economic power was evident in the enormous quantities of gold that flowed into his kingdom. This immense wealth was imported directly from the land of Ophir [מצודת דוד].
There are two ways to understand the timeframe of this collection. It may represent a steady, fixed income that the kingdom received every single year. Alternatively, the arrival of such a large amount of gold might point to one specific, extraordinary year. Under this second approach, it was likely the exact year the Queen of Sheba visited Jerusalem, bringing with her an additional, huge gift of gold to present to the king [ביאור שטיינזלץ].