Chapter 106: Medieval currency system

　　 After listening to the hotel owner, Richard nodded, thought for a while, and asked, "In the Emerald Kingdom, is the exchange rate of gold and silver coins fixed? What is the ratio?"
"Yes, the exchange rate is fixed. One standard gold coin can be exchanged for 20 silver coins. The official does not let people randomly change it, otherwise they will be caught and imprisoned." The hotel owner said, making a very scared Look.
But then quickly glanced around, and found that there were no obnoxious people, approached Richard, and quickly said: "Of course, on the black market, the price of gold coins can be higher, you can change to 30 More than silver coins, sometimes even close to forty coins. Because of this, so many people don’t like to pay with gold coins. I don’t want to collect your gold coins from guests, but I’m afraid you will lose money.
With that in mind, the innkeeper’s eyes shone brightly, and he refused to miss the opportunity to introduce business again: "If you have a lot of gold coins, I would... I can recommend you a place to change to silver coins to ensure safety and guarantee. Reasonable price."
　　 "Ah." Richard nodded and did not answer the hotel owner's words, but already knew the currency system implemented by the Emerald Kingdom.
　　According to the hotel owner, the emerald kingdom is clearly implementing the gold and silver standard.
　　 This system is generally due to the backwardness of science and technology, and the lack of gold mining, which has to use silver to supplement the currency market. Therefore, gold and silver will be used as the production materials of the standard currency at the same time. Both gold and silver coins have unlimited legal compensation capacity, and they can be freely cast, circulated, exchanged, exported and imported.
　　 This is the most common in the Middle Ages.
　　Generally speaking, under this gold-silver standard system, there are sub-systems of subordination.
　　 For example, the parallel standard system: a commodity has both the price of gold coins and the price of silver coins, and the price of gold coins and the price of silver coins will fluctuate, which causes the price of commodities to change very quickly, which is not conducive to social development.
　　Another example is the dual standard system: that is, the exchange ratio between gold and silver coins currently implemented in the Emerald Kingdom is determined by the government through legislation or other mandatory methods. It is forbidden for ordinary people to change it, which helps stabilize the price of commodities.
　　 The dual standard system is more superior than the parallel standard system, but it still inevitably lags behind. A big drawback of it is that the phenomenon of "bad money expelling good money" will appear with development.
　　 This is because the ratio between gold and silver coins is mandated by the government and is stable and will not change for a long time. In the market, the price between gold and silver will often fluctuate. The discovery of a new gold or silver mine will lead to the rise and fall of gold and silver.
In this case, when the actual value of gold increases, people will melt the gold coins (
good coins
) with greater value in their hands into gold, and then sell these gold coins for use as silver coins (
bad coins
) to use . According to the regulations of the Emerald Kingdom, one gold coin can be exchanged for 20 silver coins, but the sale of Huang Finance into gold can at least cost more than 40 silver coins. Therefore, in the introduction of the hotel owner, the black market will give a ratio that one gold coin can be exchanged for nearly 40 silver coins.
　　It is illegal to exchange gold for silver, but people on the black market are obviously not afraid. After all, as a philosopher named Marx said on the modern earth, capitalists will take risks if they have 50% of profits, and dare to trample on all laws of the world if they have 100% of profits, and 300%. Of profits will dare to risk hanging on the gallows.
　　For the benefit, people on the black market are not afraid to go to prison. They collect a large amount of gold coins to melt and sell to earn huge profits.
　　 This kind of thing can be done if Richard thinks, even better.
　　Richard can earn a lot of wealth under the premise of ensuring his own safety, and even destroy the economy of the entire Emerald Kingdom.
　　 After all, looking at a world like the Middle Ages in the future, especially in terms of economy, is extremely fragile, like a baby. Only when the gold standard is developed will there be certain security.
　　 But Richard didn’t want to do this, nor did he use this method to gather money in the Blue Lion Kingdom. This is because, in Richard’s opinion, as long as he can obtain the property that meets his needs, there is really no need to put too much energy on it.
　　A large amount of wealth cannot bring progress, only technology and knowledge can bring progress.
　　It is true that earning a lot of wealth can be used to build a huge organization to help oneself develop technology and expand knowledge.
　　 But the larger the organization, the more it wants to have huge benefits, then the greater the investment in the early stage and the maintenance in the later stage, and there are also various instabilities in the middle.
　　 In the early days of exploring the world, the establishment of so-called organizations, some gains and losses. If it is really to be established, it is best to talk about it after exploring the world and achieving certain results.
　　 Richard thought so, the innkeeper had turned to greet the man and said: "Leicester, help this guest to pick a room and drop the luggage on by the way."
　　 "Hey, okay." A young twelve or three-year-old freckled brown-haired teenager, wearing grey linen clothes, hurried over. Nodded to the store owner, and he understood that, diligently, he went to carry the suitcase at Pandora's feet.
　　Jumped hard, and... found no mention.
Ok? !
　　The freckled boy was startled. He glanced at the hotel owner with some fear of being scolded. When he found that he had not been noticed, he immediately tried to lift it again with all his strength.
"what--"
　　 Freckled boy's voice rang deep in his throat, his face flushed red, and he barely lifted the suitcase off the ground.
　　 At this moment, the freckled boy was wronged to cry: this... why is this suitcase so heavy?
What he didn't know is that after Richard got the iron ring~EbookFREE.me~ did not choose to put everything in the iron ring, and even took out some of the iron ring and put it in the luggage In the box.
Because Richard is not prepared to use the Iron Ring as a pure space prop, he is always ready to use it to realize the other three functions developed-"absolute defense of space transfer", "absolute cutting of space scissors", "space accuracy Absolute processing".
　　In addition, just carrying an empty suitcase, or not carrying the suitcase, but can constantly take out a lot of things, it is easy to doubt-whether the space props can be exposed or not.
　　Finally, the heavy luggage, under the premise of Pandora, is actually not a burden.
　　For these reasons, the suitcase that Richard carried was heavy, and it would be heavy afterwards.
　　Freckled boy didn't know this, so he was deeply hit.
　　After exhausting the strength of the whole body, he reluctantly put the suitcase back on the ground, feeling a little self-confident, and dared not go to see the hotel owner or dare to see Richard and Pandora.
　　 Pandora gave a strange glance at the teenager, gently lifted the suitcase, and walked to the side.
　　 The boy's eyes widened, half-loud, and he ran quickly to lead the way.
Richard, thinking of something again, turned his head to the hotel owner and handed out a silver coin and a channel: "Something, please trouble you, help someone to send a letter, just in Ai Jincheng, write the address It's on the envelope. Just send it over, and the silver coins are rewards."
　　 "Okay, guest, this is no problem." The hotel owner glanced at the address on the envelope and found that it was not a special place, there was no danger, and he immediately agreed.
　　Richard nodded, turned to follow the man, and walked towards the second floor, preparing to select a room.