How much gold was the so-called sufficient amount?
A ton? Ten tons? A hundred tons? A thousand tons?
No one could be sure.
According to the formula given by Megalosaurus, the ratio of brass and gold in Oricha Steel accounted for the majority.
The specific production ratio of Oricha Steel was brass: gold: mithril: Auguín: dragon blood = 8: 1.5: 0.3: 0.1: 0.1.
This meant that to produce 1,000 tons of Oricha Steel, 800 tons of brass, 150 tons of gold, 30 tons of mithril, 10 tons of Auguín, and 10 tons of dragon blood — of course, since the effective component of gold cells had been extracted, the dragon blood could be replaced with gold cells. According to the average amount of gold cells in Dragons, the effect of 10 tons of dragon blood was equivalent to about four to five tons of gold cells.
Brass was easy to deal with. Prandal had a huge copper reserve, and the brass mined at present was mainly used to produce water pipes, as well as some metal utensils and magic machine parts. The production capacity was definitely enough.
Dragon blood was also easy to deal with. Once the land dragon breeding industry was launched, the supply of gold cells could be said to be endless, so there was no need to worry.
The more troublesome part was gold, mithril, and Auguín.
Note that the consumption of this formula was calculated in tons!
If mithril and Auguín could be calculated in tons, would they still be considered rare and expensive magical metals?
Dwarven blacksmiths, alchemists, and other professions used mithril and Auguín in grams!
Recalling Sasaglot's words and thinking about the Giant Golden Statues in the alternate space, the corner of Tang En's mouth twitched.
Prandal's mithril and Auguín had already been turned into Oricha Steel to create the Giant Golden Statues. But of course, Tang En would not destroy the bodies of the Giant Golden Statues again. To produce magic cannon armor for Megalosaurus with a second molding was undoubtedly picking up sesame seeds and throwing away watermelons.
Fortunately, Tang En was riding on the coattails of the gods. He had Mithril and Auguín. Although it was impossible for him to supply them for large-scale industrial production, it was not a problem for him to deal with Sasaglot's order. As for the remaining Mithril and Auguín, he could only find them from other magic metal mines.
Of course, there was another place.
Astral Boundary.
Those planets in the Astral Plane were also rich in mineral resources. In addition to magical metals, there were also heavy metals like gold, but the biggest problem was … there was no way to mine them on a large scale.
Mining in the Astral Plane was equivalent to mining in the asteroid belt in outer space. Now, Prandal's industrial level had not even broken through the atmosphere, so how could they have the ability to mine in outer space?
Using the power of magic to take a shortcut could certainly achieve a small amount of mining, but that could only be done with a stable Astral Plane base. Furthermore, they had to convince those mages who were at least gurus to be willing to risk their lives and work as miners in the Astral Plane …
Unless the power of magic completely lost its mysterious color and became a common power that could be thoroughly popularized, this situation could only happen.
At present, it seemed that they had to deal with Sasaglot's order first, and then find a way to find the materials for the subsequent production.
"Gold?"
Fiona frowned. "Is our existing gold mine production capacity not enough?"
"It's not that it's not enough, I just thought of something … Don't you think that there are too many gold coins circulating in various countries on the continent now?"
Tang En's words startled Fiona, and then she was shocked. "Do you want to —"
"Yes, I want to recycle the gold coins, smelt and separate them, and then restore gold to its status as an industrial raw material."
Tang En nodded and said, "In the past, the gold coins issued by various dynasties were too many and too complicated, and some of these gold coins were stored in the vaults of various rich people, and some were still circulating in the market, which is very detrimental to the healthy development of the economy, so I think we should do something."
Fiona was a little hesitant, and after a moment, she said, "Wouldn't it be too reckless to do that? For tens of thousands of years, gold coins have been the currency of Prandal, if we want to reform the currency, we will certainly encounter considerable resistance. "
"How can I say that the gold standard economic policy is based on the value of gold, but look at the current market, do you think gold is rare?"
Tang En spread his hands, and Fiona was speechless.
Because what he said was true.
Now, any product was worth hundreds or thousands of gold coins, and if not for the appearance of the Star Diamond Bank, it was likely that even transactions would be a problem — because no one could go out all day with so many gold coins, it would crush people to death.
Gold coins as a currency already had many drawbacks, if it could be reformed, there would be benefits, but if it could not be smoothly reformed, it would create a very large hidden danger.
It was not because the current Irus Empire's coinage was excessive, but because the old concept of gold being equivalent had been inherited, so the old empire's gold coins were often left in the world, and not all of them were recycled and recast, which led to the current strange cycle.
In fact, the existence of the Star Diamond Bank had greatly reduced the difficulty of gold coin transactions, and large transactions had begun to be settled directly with the Star Diamond Bank's bank card, and the accounts were calculated by the Star Diamond Bank. From a certain point of view, in fact, Prandal now had a prototype similar to electronic payment, but electronic payment had not been fully realized yet, so the currency naturally had its value.
"Do you only want to recycle the old gold coins, or do you want to reform the current currency system?"
Fiona sighed, "If it's the former, I can think of a way, but if it's the latter, I'm afraid you'll have to discuss it with Princess Aurelia and Empress Olina. The impact is too great and too complicated, and I'm still a little confused about political matters."
"We have to do both."
Tang En said decisively, "Not only do we recycle the old gold coins, but we also have to reform the current currency system, abolish the gold coin system, and introduce a new currency."
"A new currency?"
"Yes, for example … paper money."
"Paper?"
Fiona was even more surprised, "How can paper be used as a currency?"
Tang En thought for a moment and said, "Let me explain it to you this way. For example, I'm the president of the Datang Chamber of Commerce, and you're the raw material supplier of the Datang Chamber of Commerce. Now, I owe you one million gold coins for raw materials, and I don't have any gold coins on hand, and I don't have the credit card machine of the Star Diamond Bank to settle the bill. So, I can write an IOU in the name of the president of the Datang Chamber of Commerce, and you can use this IOU to exchange goods worth one million gold coins in any shop of the Datang Chamber of Commerce. Are you willing to accept?"
Fiona said without hesitation, "Of course I am willing."
"Why are you willing?"
"Because you're the president of the Datang Chamber of Commerce … Oh! I get it! "
Fiona had an epiphany. "The currency here represents trust!"
"That's right."
Tang En smiled with satisfaction, "Let's expand the scene a bit. As the king of the Irus Empire, I guarantee in the name of the king to issue paper money to replace gold coins. I guarantee in the name of the royal family that the paper money has the same purchasing power as gold coins. Do you think the merchants will choose the paper money or the heavy gold coins?"
"Of course it will be paper money." After a pause, Fiona added, "The premise is that the merchants are willing to believe in the credibility of the royal family of the Irus Empire."
"That's right, so to issue a new currency, the first thing that needs to be solved is the credibility of the royal family. Or to put it more broadly, it's the economic, political, and military strength of the Irus Empire. Only with strength can it be widely recognized, and the value of the currency will be more easily accepted by the market."
Tang En continued, "By issuing a new currency, we can recycle the redundant gold on the market and smelt it into materials. This can greatly alleviate the problem of the Orichalcum raw material. At the same time, during the currency exchange process, we can digest the gold coins left behind by the previous dynasty."
"You want to recycle the old gold coins at a discount?"
"That's for sure!"
Tang En said matter-of-factly, "That was the currency issued by the previous dynasty, how could we recognize it! Right now, the only reason they can continue to circulate is because the object that acts as the equivalent is' gold '. Once the status of gold is changed from an equivalent to a metal material, the old gold coins will lose their trading value. Even if we collect them, there will be no meaning. It will inevitably force people to take out the gold coins that are not in circulation and exchange them for the new currency. "
"The most important thing is that during the new currency exchange process, we can control the total amount of new currency issued. Through the exchange process, we can know how much currency is actually issued on the market, and thus control the entire market."
Of course, currency reform was not a simple matter, but Tang En only knew a little about it. He knew nothing about the more complicated economics and finance, and he did not know anything about national debt and securities. He only knew that paper money was a manifestation of the government's credibility. Now, with him as the representative of the new government of the Irus Empire, the entire empire was revitalized. The public support was unprecedentedly high, and coupled with the unparalleled status of the Datang Chamber of Commerce, the implementation of this new policy could be said to be ready.
Of course, it might be better to implement such a radical policy in a few years, but the problem was that time waits for no man. Tang En could wait, but the world could not.
Who knew when the Army of Chaos would arrive?
Therefore, it was better to implement policies that could promote economic development and industrial progress as soon as possible.
"But how will you persuade people to exchange the new currency?"
Fiona asked Tang En in return. "The emergence of new things is always accompanied by all kinds of doubts and suspicions. How can people accept the new currency so easily?"
In people's hearts, gold coins were equivalent to gold and were equivalent to something valuable. If you asked them to exchange gold coins for paper money, they would definitely not accept it so easily.
On Earth, it took a very long time to replace the alloy currency with paper money. The paper money in China during the Tang and Song Dynasties could be said to be the earliest paper money, which existed as a manifestation of the bank's credibility. Later, Australia was the first country to completely replace the alloy currency with paper money. It took nearly a thousand years, so one could imagine how difficult it was.
Fortunately, Tang En really had a way.
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