Chapter Twenty-Eight: Gold Galleons Are Not Gold Coins (Thank You to Everyone Who Supported Me)
After paying two more fifty pounds for the consultation, Elena's exchange for gold gallons went unexpectedly.
In less than a quarter of an hour, the fairy Serkis completed a series of tedious tasks for Elena, including information registration, account opening, currency exchange, etc., and delivered a cloth bag full of coins to the silver-haired little Lori.
Incidentally, in addition to most of the gold gallons, Serkis also thoughtfully allocated a certain percentage of Elena with silver sico and copper nat to facilitate her next shopping trip.
"It turns out that this is Jin Garon, and the workmanship is unexpectedly very good. β
Elena curiously pinched a gold coin and looked at it carefully, it was not too big in terms of size, it was only about half a circle larger than the one-dollar coin in her previous life. The obverse of the coin features an abstract fire dragon logo and a circle of numbers on the edge, which is engraved by the Gringotts Coin Elve, which is also the number of the Coin Elves.
"However, the weight and texture of this ...... Doesn't seem right?"
The next moment, the girl swept the gold coin in her hand, and her fingernails ran a little hard across the surface of the coinβthe light and fluttering coin was still shiny, and there were no dents or scratches.
Elena raised her eyebrows, there was no doubt that the glittering Galleon in front of her, whether in terms of weight or texture, would never be a gold coin directly minted from the gold of nature.
In her previous life, as a fan of the Harry Potter series and a master's degree in quantitative economics, Elena once explored a very interesting question with many people in a fan discussion group numbered [862-074-819].
As the first country to implement the gold standard, gold still had a significant influence on the British economic system, even after entering the credit standard (i.e., paper money standard) monetary system. And the golden galleon of the wizarding world is undoubtedly the biggest challenge to the new credit-based currency.
That is, once the gold galleon is discarded from the monetary attributes, its actual value is higher than its exchange value, then it will be a catastrophic economic collapse for both worlds.
In 1991, when Elena is now, the price of an ounce of gold was $360.75, or about Β£8.68 per gram of gold. You know, the mass of a nickel-plated one-dollar coin with a steel core is about 6 grams, and the weight of pure gold in the same volume is about 15.7 grams, well, worth 136 pounds.
However, the goblins of Gringotts use the exchange rate: one gold galleon is equal to five pounds!
To put it more bluntly, if a gold Galleon can be sold for a price much higher than the currency price required to exchange it after it has been smelted into gold, the wizarding world's gold reserves will first show a cliff-like decline, followed by a currency exchange blockade, until all exchange lanes with the Muggle world are completely closed.
(If you still don't understand, please click to view the comments)
In short, under the contradictory constraints of purchasing power and exchange rate, if the elves and the wizarding world want to continue to maintain a normal financial system, they will finally come to only one conclusion - large-scale issuance of bad coins, and the current [Gold Galleon] is not [Gold Coins], at most it is a magical currency minted by an alloy of a small amount of gold and cheap metals.
In this way, by the way, it is a perfect explanation that in the original book "Harry Potter and the Goblet of Fire", Fudge, who was the Minister of Magic at the time, single-handedly threw the prize money of 1,000 gold Galleons to Harry Potter, such an incredible thing, that is close to 80 kilograms!
"Excuse me...... Dear Miss Elena, is there anything wrong with this gold Galleon?"
Andy Serkis asked, a little apprehensively.
Ever since she got the Golden Galleons, this generous little human girl has been like a demon, and she has been playing back and forth for nearly five minutes with just one gold coin, even the most wealth-obsessed goblin is nothing more than that.
"Oh, nothing. Just something else suddenly came to mind. β
Elena, who came to her senses, shook her head, did not answer, flicked her fingers, deftly put the golden Galleon on her fingertips into the small cloth bag on her waist, turned to look at Dumbledore and asked.
"And Professor Dumbledore, where are we going next?"
"Hmm...... The next step, of course, is to go to Diagon Alley to stock up on the school supplies you need, so let me see it first. β
Dumbledore took out a piece of parchment with some ink stains on the back from his bosom, pushed his glasses, looked carefully at the list of contents on it, and whispered, "Uniforms, books, wands, school supplies, and more, students may carry one...... Ahem, I roughly know. β
The old wizard read as he read it, and suddenly coughed strangely, and before Elena could read the contents of the parchment in his hand, he quickly folded the list and put it back into his arms.
"First of all, let's go buy you a uniform, and from a personal point of view, I recommend the Lady Morkin Robe Store. β
Dumbledore smiled kindly, took Elena's small hand without saying a word, and walked towards the gate of Gringotts.
I don't know why, Dumbledore suddenly had a foreboding feeling just now, it seems that if he continues to stay with Elena in Gringotts, something more troublesome may happen.
"Wait, Professor Dumbledore, did you deliberately omit something. β
Standing on the sunny shopping street outside Gringotts, Elena glared at Dumbledore with some dissatisfaction.
If she remembers correctly, at the end of each freshman's checklist for the start of school, it should be noted that students can bring an owl or a cat or a toad as a pet.
"Yes? Then you may have misheard. As the Headmaster of Hogwarts, I'm sure Elena-san, you'll have all the school supplies you need. β
Dumbledore blinked in confusion and explained to the silver-haired little Lori in a serious manner, with such sincerity that if it weren't for the fact that Elena had read the original book at least ten times, she would have almost been fooled by him.
"Pets! Every young wizard can bring a pet into Hogwarts! I saw the list attached to page two at Father Benitez last night. Professor Dumbledore, how can you do this!"
Elena puffed out her cheeks and angrily shook off Dumbledore's hand, she wasn't some kind of demon, as for even having a small pet, she had to find a way to deprive her of the opportunity to have a small pet.
"Hmm...... Is that so? I see, the ink just blocks the content behind it. By the way, what flavor of ice cream would you like to eat?"
Dumbledore took out the parchment with a look of surprise, opened it and looked at it with a look of sudden realization, and suddenly changed the subject stiffly.
Huhββ
Here we go again.
The silver-haired little Lori rolled her eyes, ignored Dumbledore, and walked into the Lady Morkin's robes store next to the street. For this kind of unscrupulous old wizard who is not even easy to find an excuse, if it weren't for the disparity in combat power, Elena would even plan to directly pull his beard.
Through the cracks in the door of the clothing store that swayed back and forth, a girl's voice could be heard.
β...... Chocolate, but also strawberry. It's best to add a little crushed nuts on top of that. β
ββββ
At four o'clock in the morning, I finally kept the agreement and finished the code.
Originally, I wrote 1,000 words at more than 2 o'clock and wanted to sleep, but suddenly I saw the 150,000 starting coins rewarded by the little lord of the stubborn king, and I realized that there were so many people who might be waiting for my update.
So I washed my cold face and continued to finish the chapter.
Maybe this chapter is a bit dry, but every word is well written. There is no element of irrigation, so readers, for the sake of my well-behaved attitude, forgive me for being so late.