Chapter 2101 Drumming and Passing Flowers

For the next two weeks, the four of Golofa, Maria, Antron, and Eurome continued to investigate various places in Midgard. Qiao An did not participate in the whole process, but was entrusted to take them to the "Prime Ancient Abyss" and visit the magic crystal mining area.

After returning from the magic crystal mining area, Antron found Joan in private and asked if there was any banknote issued by the Imperial Central Bank in circulation in Midgard City, which is the so-called "Empire Gold Banknote".

"The friends around me have more or less exchanged some gold banknotes. My mentor and a respectable countess even took out millions of real gold and silver to exchange gold banknotes. It can be seen that the imperial gold banknotes in Meade It’s still quite popular in Gard City.”

Joan was embarrassed to tell Antron that he also took out one million gold duga—almost all of his net worth, and Professor Moriarty bought the gold notes on his behalf. He was one of the big players in this game.

"I just learned from Mr. Holden that the money issued by the Empire itself can also be exchanged in overseas colonies like Midgard, and that the people of Midgard are no less enthusiastic about money than the Empire. Investors in the capital, but I wonder if you have noticed a strange thing." Antron smiled mysteriously.

"What strange thing?" Qiao An didn't understand.

"The Imperial Central Bank has issued hundreds of millions of banknotes with a face value over the past year, and the face value of the gold banknotes circulating in Midgard will not be less than 30 million. The people of Midgard hold such a huge amount Gold bills, but have you ever seen people buy and sell goods with gold bills in markets or shops?"

Joan froze for a moment, then frowned and said, "I've seen it before, but in most cases, people still use gold, silver and copper coins for transactions according to the old habit, and very few people actually take out gold bills to buy things."

"The main purpose of the Imperial Bank's issuance of gold banknotes is to reduce the cost of currency materials and improve fiscal revenue. At the same time, it should also be recognized that the promotion of banknotes will bring convenience to ordinary people. It is obviously necessary to carry a stack of banknotes with you when traveling or doing business. It is more convenient than cumbersome metal coins, not to mention that the banknotes do not have the trouble of wear and tear, but why are such convenient banknotes not widely used in the market?"

Antron smiled, and continued: "Actually, shortly after the imperial government introduced gold banknotes, our Far Eastern government also initiated a similar reform of banknotes. Now the vast majority of Far Easterners have exchanged their gold and silver assets into Paper money, the difference is that people in the Far East really use paper money as money, and use paper money for payment in all aspects of daily life. In Midgard, people have not yet developed the habit of using paper money. Isn’t it surprising? ?”

"It's really strange." Joan had to admit that Antron's observation was very insightful, "Personally, I don't mind switching to banknotes, but the place where I usually spend, whether it's a store on or off campus In an atmosphere where people are still using gold and silver coins the way they are, as if paper money didn’t exist, it would seem weird if I stuck with paper money.”

"So, what is the reason why people don't use banknotes for transactions in reality?" Antron continued to ask, "If people don't trust the purchasing power of banknotes, how can it explain the popularity of imperial gold in Midgard? Hold on, the current price in the trading market has greatly exceeded the face price?"

Joan scratched his head, vaguely feeling that ordinary people and money holders are not the same kind of people at all. The latter holds large sums of money, and the purpose is not to use them for consumption and shopping, but for the purpose of speculative appreciation.

"Mr. Antron, I don't know much about the financial industry, so I can't answer your question for now, but my mentor is very good at money. If you think it is necessary, I can ask him for his opinion."

"Then I will trouble you, Dr. Vader, it is best to arrange for me to have an interview with your mentor." Antron said gratefully.

Joan took out the "communication stone", found a secluded place, established an "advanced spiritual connection" with Professor Moriarty, and relayed Antron Yampo's question.

"Joan, your intuition is right. There are hundreds of thousands of people in Midgard City, and most of them have never even touched gold money. Of course, they would not use this kind of paper money for daily transactions."

"Only a very small number of wealthy people in the crowd understand the rules of the game in securities trading, and have the capital to buy gold as a financial asset rather than a pure currency."

"This type of investor, including myself, buys gold banknotes to wait for appreciation, sell at high prices, and earn the difference between buying low and selling high. In the past two years, the price of gold banknotes has been rising all the way. Holding gold banknotes means Assets are rising, and who wants to pay restaurant bills with this 'golden chicken'?"

"The result is that money only circulates in the small circle of securities speculators, but it is completely disconnected from the lives of the general public, so you don't see traces of money at all in the daily transaction scenarios of goods and services."

"Mentor, if money is only hyped in a small circle, wouldn't it become a game of 'drumming and passing flowers'? Once a big player in this circle, such as you, refuses to continue playing, the whole game is bound to collapse. Money as a game chip It will also become a pile of waste paper." Joan said worriedly.

"Hehe... My student, you are very smart. You have seen through the essence of money. In fact, the day of collapse will come sooner or later. This is not only known to us, but also to other players. We all have a common goal ——At the moment when the value of the money reaches the highest point, end the game before other players, sell the money in your hand, and leave the game with a profit.”

"The question is, who can accurately judge the market price of gold coins?" Professor Moriarty sighed, "The answer is very cruel. Only the dominant players in this game are qualified to blow the 'fleeing' signal." Horn', small and medium players can only prick up their ears to listen to the orders and rush away, as for those retail investors, they are just lambs waiting to be slaughtered."

"Mentor, what level of player are you in this game?" Joan asked curiously.

"As far as the city of Midgard is concerned, of course I can be considered a big player, but compared to those investment institutions with official backgrounds that bought a lot of money in the old world, I am just a small shrimp."

The word "official background" reminded Joan of the Kolas government behind "Cloud Network", and then of the "Far East Central Bank" where Antron Yangbo worked.

"Mentor, do you think it is possible that the Central Bank of the Far East purchased a large amount of imperial gold coins through an agency, hyped them to appreciate in value, and then suddenly sold them later, and the consequences..."

The more she thought about the consequences, the more terrifying she became, and Joan couldn't help but shudder.

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