In the quote from "Richard II," the speaker expresses a profound sense of loss and a willingness to trade his material possessions for simpler, more humble things. He values spiritual peace and reflection over wealth and power, suggesting that he would gladly give up his luxuries, such as jewels, a palace, and fine clothes, for the simplicity of a hermit’s life. This indicates a deep yearning for humility and a recognition of the transient nature of worldly status.

This powerful statement illustrates the character's transition from the opulence of kingship to the desire for personal redemption and significance beyond wealth. By listing his possessions and contrasting them with simpler alternatives, the speaker reveals a profound existential crisis. The desire for a grave signifies a longing for peace and rest after a tumultuous life of power, ultimately underscoring the theme of the fleeting nature of authority and the human condition.