Chapter 1,244 Coin Opportunities
,!
While Ke Yin and the World Trees were busy building a gold flow network, Lin certainly couldn't just sit back and watch the show. If you really dare to sit and watch the show, believe it or not, you will be immediately destroyed by those twenty-six powerful men. He also has important preparation work to do. That is, at the end of the High Seat, the item related to bringing out the godhead of Vulkan.
The purpose of analyzing the metal composition of coins circulating in the land is to fairly calculate the correct value of each coin.
After all, there are good coins, ordinary coins and bad coins in Lost Land. Of course, it is impossible to just save a coin and really count it as "one". To accurately calculate the value of coins, the most direct way is to accurately measure the metal composition and weight of each coin; and define a gold, silver, and copper coin with a certain composition ratio under a fixed weight as 'one '.
In order to implement the definition of "one", we inevitably encounter a problem, that is, minting coins.
To this end, Lin transferred back Freya, a silver-bearded dwarf who was stationed at the automobile R&D and manufacturing center.
It had been a long time since I had mentioned the silver-bearded dwarves. It was definitely not that I had forgotten them. But as the next patriarch and the patriarch's wife of the Silverbeard Dwarves, Jermaine and Marit asked to leave because they were dissatisfied with someone's style.
Lin did not stop them, but instead gave them a traveling fee and the remuneration they deserved for working under him for such a long period of time, after deducting of course their living expenses and expenses during this period. The silver-bearded dwarf couple took their peaceful weapons and entrusted people from the Turtle Dove Alliance to escort them back to their home in the underground world.
Freya was the only one of the four silver-bearded dwarves who left Iron City who was willing to stay as a follower. She even received one of the Seven Rings, making her a confidant. But usually she doesn't live in a mansion, but in a car center.
As the silver-bearded dwarf who is most familiar with machinery, Freya is considered the most outstanding among the magicians who design and develop cars. She is also Lin's representative at the auto center, taking on the responsibilities of auditing accounts and collecting dividends.
But more often than not, this fierce old girl from the silver-bearded dwarf tribe likes to lead a group of people to modify the car, or add some whimsical mechanical devices, and then test the car herself. The thick skin and rough flesh of the Silverbeard dwarves are fully reflected at this time.
Has anyone seen a car crash test on Earth? Real people took it directly and told others what made them uncomfortable. Then he took a sip of wine and continued doing things as if nothing had happened.
Freya's lover, Riley, also stayed behind. However, Riley's thoughts are closer to his best friend Jermaine, so he is unwilling to help Lin directly.
Riley stayed in the Technology Guild, working as a craftsman, sometimes as a warrior, and doing some odd jobs to make money. Even so, Riley is among the highest-ranking people in the guild's ranking of craftsmen. The money he earns can make him live a comfortable life.
Of course, you have to ignore the fact that the technical guild is also related to someone in order to live like this. Silverbeard dwarves want to completely escape someone's shadow, unless they leave the holy city of Estari. Otherwise, the projects they are good at are always inseparable from the scope of Lin's business.
The reason Riley stayed was because Freya gave birth to his daughter, Emita. That little thing can be said to be the first newborn of the Silverbeard Dwarf clan in more than 500 years. Even Jermaine, the son of the clan leader who begged to leave, valued it very much.
But Freya was unwilling to leave with them and return to the home of the Silverbeard Dwarves. Jermaine could only do the next best thing and let his friend stay and take care of his daughter.
It means that even if Riley is forced to leave with him, maybe this friend will recognize his identity and follow him, but he will be sad and worried for a long time. So Jermaine didn't plan to break up their family, but chose to leave with Marit. Of course, they also brought with them the knowledge they collected during this period of travel.
The silver-bearded dwarf couple who stayed in the holy city of Estali did not live together normally. Although the two of them were in the same city, they still gathered less and separated more. But this is the way of life of the Silverbeard dwarves, and there is no incompatibility or feeling that anything is wrong between them.
While Freya takes care of her children, she also does her job at the car center perfectly. Riley came to see his daughter occasionally and generously presented her with the proud works that she had used all her skills to produce. In the future, I will also teach my daughter all my craftsmanship.
For Silverbeard dwarves, the expression of their love is the inheritance of knowledge and technology. For the next generation, the pride of the Silverbeard Dwarves makes them long for the knowledge and skills of their parents, and look forward to the moment when they surpass their elders. This is a race that lives for and is proud of technology. No wonder it will embark on a completely different development path from the mainstream of Midland.
So it is not difficult to imagine what a rebellious statement Jermaine made when he said to his elders: 'The world is so big, I want to go out and see it.' Those elderly people did not suffer from stroke due to anger, which proves that their blood vessels are tough enough.
Of course, bringing Freya back this time is to use her skills to mint coins. This is a thankless job for most people and even the country.
The economy of Lost Land is still in a very primitive stage. It has just left barter for a short time, and the role of coins has not yet been deeply rooted in people's hearts. It can be said that at this time, promoting banknotes or even launching a credit-based financial system is absolutely stupid.
The reason why coins are recognized for their purchasing power is that they are precious metals and indeed have their corresponding value. What can a piece of paper represent?
However, the matter of minting coins is not strictly controlled by the state. There is even a reason to mint coins as a last resort.
Take gold for example.
To put it simply, in the process of bartering, no one would go out with a large pile of gold ingots, and then when trading with others, they would temporarily cut the gold ingots and cut off a full scale of gold to trade with others. This is not like cutting pork. If it is not enough for the scale, just cut off another strip from the large piece of meat to make up for it. If it is over the scale, cut off a little and take it back. The cutting of gold is difficult and cumbersome, and it is impossible to do it temporarily.
So the best way is to make gold into small units from the beginning. Such as gold sand or small gold ingots. When trading, you can easily add or subtract until the scale is full.
However, the purity of gold has always been an issue. It is very troublesome to check the purity in advance for every transaction, not to mention that the purity test cannot be judged by looking at it with the naked eye or by touching it with your hands. Therefore, those who have gold mines and have the ability to mine them will print their family crest on the gold lumps they make.
As long as such gold is inspected once and then traded with an acquaintance, the other party will be able to roughly judge the value of this gold lump and speed up the transaction. At most, random inspections will be carried out from time to time to ensure that the composition of the gold lumps is maintained at a similar level as in the past.
The golden lump stamped with the family crest is the prototype of the gold coin. Basically, any organization that controls precious metal veins, whether it is a country or aristocracy, will cast gold, silver, and copper coins themselves. This is necessary to facilitate transactions.
This is like people who do small business with cash on Earth. Whether they like it or not, they must prepare some change. How can you do business with big money?
Now that we know that there are different organizations, the craftsmanship of casting coins is good and bad, so coins can be divided into bad coins and good coins. So why don’t organizations or countries with better technology recast bad coins into good coins? When Lin planned to use money to attack the Ninth Power, he had researched this matter but could not find the answer. Why does no country want to control the voice of money?
In the end, I learned from a dwarf from a technical guild that this was something that everyone in the Lost Land knew, but people who traveled through time were easily misled by their own experience. In a word, it is the word "fire consumption".
When the official who supervised the minting of the empire used the empire's technology to re-cast the 10,000 bad coins collected, into six or seven thousand good coins, then the official was pushed out and beheaded...
Reason: Being an official allows you to prey on the villagers, and you can exact exorbitant taxes, but taking the emperor's money is courting death. So there was no discussion about cutting it off.
Another person comes, same thing! No improvement! So it was cut again.
When seven or eight heads of originally capable officials are cut off, even the slow-minded will know that something is not normal. At this time, people also realized that with this arrangement, the amount and weight of money would become smaller.
But no one can say for sure how much less it will be. Therefore, when encountering the task of re-coining later, the officials responsible for supervision will usually ask for an allowable level of wear and tear. But if you order too much, it is easy for the officials who deal with it to take advantage of it and line their own pockets; if you order too little, you may lose a few heads.
So gradually, the matter of re-coining became a problem for various countries, and no one wanted to deal with it. Most of the coins in circulation today are directly minted into money after being mined from the mines. Those bad coins that people are unwilling to use, or coins that have been deformed and worn due to long use, are usually cast into metal ingots and used for other purposes.
Those precious metals, even if they are not used as money, are still valuable in themselves and have other uses. Gold can be made into works of art and decorations, and silver can be made into the same, with the added option of being made into tableware. Copper has many more uses. In addition to arts and ornaments, it can also be made into weapons, cooking utensils and other daily tools. Copperware is preferred over ironware which rusts easily.
Therefore, precious metals can not only be used as money, but also have many other uses. This has also caused another problem that the earth’s financial development history has faced, which is not enough ‘money’.
This is not because of poverty, but because the currency circulating in the market cannot support the entire economic system, so the barter transaction type has not been completely eliminated. For a long time in the history of our home planet, silk, grain and other items were regarded as currency, and this was how the economic system was maintained.
As Lin had considered before, issuing banknotes in Midland is not feasible, and it is easy for others to follow suit. Without the support of complete financial theory, such chaos will not only lead to inflation, it will simply trigger an inflation explosion! In the end, the credit of banknotes will go bankrupt and become a piece of waste paper. There may also be a world wonder where hundreds of millions or trillions of dollars can be spent to buy a steamed bun...
Paper money is not feasible, but there are ways to improve the circulation of precious metal coins in the land. And since all countries don't like it, but they have to mint coins, it should be a good thing for everyone that the gold coin goddess takes over this job that everyone wants to do.
Holding the Jinkel cast by the Gwana Empire, Lin couldn't help but smile proudly. Freya, who was summoned back from the side, felt a chill.