How much is enough gold?

One ton? Ten ton? One hundred ton? One thousand ton?

No one has a correct number. .The fastest update

According to the formula given by the dragon, the proportion of brass and gold in Oliha Steel accounts for the vast majority.

The specific production ratio of Oliha Steel is brass: gold: mitril silver: ogkin: dragon blood=8:1.5:0.3:0.1:0.1.

This means that 800 tons of brass, 150 tons of gold, 30 tons of mitral, 10 tons of Oliha Steel, and 10 tons of dragon blood are used for production of 1000 tons of brass, 150 tons of gold, 30 tons of mitral, 10 tons of Oliha, and 10 tons of dragon blood. Of course, since the active ingredient gold cells were extracted, the dragon blood can be replaced with gold cells. According to the average content of gold cells in the dragon clan, the effect of 10 tons of dragon blood is about 4 to 5 tons of gold cells.

Brass is easy to talk about. Prandal's copper reserves are very large. The brass currently mined is mainly used to produce tap water pipes, as well as some metal utensils and magic machinery parts, and the production capacity is absolutely sufficient.

It’s easy to say that dragon blood is there. Once the Dixing dragon breeding industry is unfolding, the provision of gold cells can be said to be endless, so there is no need to worry.

The more troublesome things are gold, Mithril and Orgin.

Note that the consumption in this recipe is calculated in tons!

If Mirsin and Orgin can be calculated in tons, can they still be considered rare and expensive magic metal?

When dwarf blacksmiths, alchemists and other professions use Misilver Austrians, they are all calculated!

When he recalled Sashaglot's words, and then thought about the golden giant statues in the different space, Tang En's mouth twitched.

Prandal's Mirsin and Aojin have been made into Oliha Steel and have become the golden giant statue, but of course Tang En will not destroy the body of the golden giant statue again, and will shape it again to produce magic cannon armor for the dragon. It is undoubtedly picking up sesame seeds and throwing watermelons.

Fortunately, Don En hugged the golden thighs of the gods, and there were Mithril and Aojin. Although it was impossible to supply large-scale industrial production, it was fine to deal with the orders of Sashaglot. As for the remaining Mithril and Aojin, they could only find them from other magic metal mines.

Of course, there is another place.

Astral Realm.

The mineral resources on the planets in the Astral Realm are also quite rich. In addition to magic metals, the Astral Realm also has heavy metals such as gold, but the biggest problem is that... there is no way to mine on a large scale.

Mining in the astral realm is equivalent to mining in the outer space asteroid belt. Now the industrial level of Plandal has not even broken through the atmosphere. How can it have the ability to mining in outer space?

If you use the power of magic to overtake the shortcut, you can certainly achieve a small amount of mining, but it must be done with a stable astral base, and you must also convince those magicians who have at least the Grand Master level to be willing to go to the astral world to risk their work as miners...

This situation can only occur unless the power of magic completely fades away its mysterious color and becomes an ordinary and completely popular force.

At present, it seems that we will first deal with the orders of Sashaglot, and then find ways to find materials for subsequent production.

"gold?"

Fiona frowned: "Is our existing gold mineral capacity not enough?"

"I can't say that it's not enough. I just thought of one thing... Don't you think there are too many gold coins circulating in various countries on the mainland now?"

Don Eun's words made Fiona stunned, and then surprised: "Do you want to?"

"Yes, I want to recycle gold coins, smel and separate them, and then restore the gold to its status as industrial raw materials."

Tang En nodded and said, "In the past, there were too many gold coins issued by various dynasties, and some of these gold coins were stored in the vaults of various wealthy people, and some were still circulated in the market, which was very unfavorable to the healthy development of the economy, so I think we should do something."

Fiona was a little hesitant. After a moment, she said: "Would it be too reckless to do this? Gold coins have been the currency of Plandal for ten thousand years. If currency reform is to be carried out, there will definitely be quite strong resistance."

"How to say, the economic policy of the gold standard is based on the rare value of gold, but look at the current market, do you think gold is rare?"

Don Eun spread his hands, and Fiona had nothing to say.

Because he is telling the truth.

Now there are only hundreds or thousands of gold coins for any product. If it weren't for the emergence of Star Diamond Bank, even trading would have been a problem because it was impossible for anyone to take so many gold coins out all day long, and it would be a slap in a desperate situation.

As a currency, gold coins have already encountered many disadvantages. If reforms can be carried out, it will be beneficial, but if reforms cannot be smoothly carried out, it may cause huge hidden dangers.

It is not that the current Irrus Empire coins are over-issued, but because the concept of gold = equivalent has been inherited in the past, so the old empire gold coins often have a large amount of retained in the world and have not been completely recycled and recast, which has led to the current vicious circle.

In fact, the existence of Star Diamond Bank has greatly alleviated the difficulty of gold coins trading. Bulk transactions have begun to use Star Diamond Bank's bank cards to directly use Star Diamond Bank to settle accounts. Accounts are calculated within Star Diamond Bank. From a certain perspective, in fact, Plandal has now had a prototype similar to electronic payment and has not fully realized electronic payment. Naturally, the currency still has its existence value.

"Do you just want to recycle old gold coins, or do you want to reform the current gold coins and currency system?"

Fiona sighed: "If it is the former, I can think of a solution. If it is the latter, I'm afraid you have to discuss it with Princess Aurelia and Queen Olina. The impact is too great and complicated, and I'm still a little unplayable about political matters."

“It must be done.”

Tang En said decisively: "Not only recycle old gold coins, but also carry out existing monetary reforms, abolish the monetary system of gold coins, and launch a new type of currency."

"New currency?"

"Well, for example... banknotes."

"Paper?"

Fiona was even more surprised: "How can paper act as currency?"

Tang En thought for a while and said, "Let me explain it to you. For example, I am the president of the Datang Chamber of Commerce. You are the raw material supplier of the Datang Chamber of Commerce. Now I owe you one million gold coins for raw materials. I don’t have gold coins on hand, and I don’t have the card swiping machine of Xingdian Bank for settlement. Then I will write an IOU in the name of the president of the Datang Chamber of Commerce. With this IOU, you can exchange goods worth one million gold coins in any shop in the Datang Chamber of Commerce. Are you willing to accept it?"

Fiona said without hesitation: "Of course I'm willing."

"Why would you like?"

"Because you are the president of the Tang Chamber of Commerce...oh! I understand!"

Fiona immediately realized: "The currency here represents credit!"

"That's right."

Tang En smiled with great relief: "Expand the scene a little longer. As the king of the Irrus Empire, I guarantee the banknotes instead of gold coins in the name of the king. I guarantee the purchasing power of the banknotes in the name of the royal family is the same as that of the gold coins. Do you think merchants will choose portable banknotes or heavy gold coins?"

"Of course it's banknotes," Fiona added, "the premise is that the merchant is willing to believe in the credit of the Irruth Empire's royal family."

"That's right, so to issue a new version of the currency, the first thing to solve is the royal credit problem, or to put it more broadly, the economic, political and military strength of the Irrus Empire. Only with strength can it gain wide recognition and the value of the issued currency is more easily accepted by the market."

Tang En continued: "By issuing a new version of the currency, recycling redundant gold on the market and smelting it into materials, it can greatly alleviate the raw material problems of Oliha Steel, and at the same time, it can also digest the gold coins left over from the previous dynasty during the currency replacement process."

"You want to recycle those old gold coins at a discount?"

"Of course!"

Tang En said with a look of course: "That is the currency issued by the previous dynasty. How can we recognize it? The reason why they can continue to circulate now is just because the object of equivalents is 'gold'. Once the status of gold is returned from equivalents to metal materials, the old gold coins will lose their trading value. Even if they are stored, it will be meaningless. It will inevitably force those people to take out the gold coins stored and not circulated to exchange them."

"The most important thing is that in the process of replacing new currencies, we can control the total issuance of new currencies. Through the replacing process, we can know how much money is actually issued in the market, thereby macro-controlling the entire market."

Of course, it is not that simple to carry out monetary reform, but Tang En only knows this point in this regard. He knows nothing about more complex economics and finance. He can't play with things like government bonds and securities. He only knows that paper money is a reflection of government credit. Now, the new government of the Irrus Empire, represented by him, has brought the entire empire to life with an unprecedented high public support rate. In addition, the current position that the Tang Chamber of Commerce is unmatched, and the implementation of this new policy is a good idea.

Of course, maybe it would be better to implement such radical policies in a few years, but the problem is that time doesn’t wait for anyone. Tang En can afford to wait, and the world can’t afford to wait...

Who knows when the Chaos Army will arrive?

Therefore, policies that can promote economic development and industrial progress are better to promote as soon as possible.

"But how do you convince people to exchange for new currencies?"

Fiona asked Donn: "The emergence of new things will always be accompanied by various doubts and suspicions. How can people accept new currencies so easily?"

In people's minds, gold coins are equal to gold and are equal to valuable things. If you ask them to exchange gold coins for a kind of banknote, they will definitely not be so easy to accept.

The banknote replacement alloy currency on the earth has also been replaced after a very long time. Jiaozi in the Tang and Song dynasties of China can be regarded as the earliest banknotes, and existed as the embodiment of the credit of the banknotes. Later, Australia was the first country to completely use banknotes to replace alloy currency. Nearly a thousand years have passed, and it is conceivable how difficult it is.

Fortunately, Tang En really has a solution. (To be continued...)
Chapter completed!