Forums
Monetary Reference Table
Quick find code: 237-238-349-65180392
Res to continue this economic discussion war
14-Oct-2013 02:01:15 - Last edited on 14-Oct-2013 02:01:31 by Aivas
SsVivid
said
:
The part that you're missing is that the gold coins that represent the value of a gold bar give it a relative value to all of the millions of things around it that are also worth money. For example, if a gold bar is worth 575 coins and a mithril bar is worth 750 coins, then a gold bar is worth 0.76 mithril bars. Or, with one gold bar, you could buy 287 beers, or two healthy cows (with some change left over). That's how currency works. When we exchange currency, like dollars, it's not the literal currency we care about, it's the value. It's the buying potential that we're willing to spend 8 hours a day working to earn, not the little green papers. These gold pieces represent what could be traded for in a barter if the coins were left out of the equation.
If you're genuinely worried about these, you shouldn't use this hypothesis.
This suggests you don't understand the realistic value of 1 gold Tibby - probably because you were never given one.
To the first one,
Wwwwwait. You're comparing gold in rsrp to the US dollar, now? The value of Gold and the Dollar are based on different things. In the real world, gold and silver prices are based on the strength of non-U.S. GDP growth against that of real interest rates in the United States. Whereas the value of the dollar is measured by exchange rates, treasury notes, and foreign exchange reserves...
Anyways.
Which method are you trying to base your system on? XD To me it sounds like exchange rates (with items instead of other currencies), but then you say it's gold, and that it's worth a fraction of a bar, and that it's not the currency you care about, but the value.
To the second one,
Yeah. I don't use your hypotheses, do I?
To the third one,
Yeah. Was given a realistic value of 1gp Tibby. Problem is the value of currency isn't static. It changes. And, it's changed a lot. #Inflation. Hell, one could argue, #Hyper-inflation.
The part that you're missing is that the gold coins that represent the value of a gold bar give it a relative value to all of the millions of things around it that are also worth money. For example, if a gold bar is worth 575 coins and a mithril bar is worth 750 coins, then a gold bar is worth 0.76 mithril bars. Or, with one gold bar, you could buy 287 beers, or two healthy cows (with some change left over). That's how currency works. When we exchange currency, like dollars, it's not the literal currency we care about, it's the value. It's the buying potential that we're willing to spend 8 hours a day working to earn, not the little green papers. These gold pieces represent what could be traded for in a barter if the coins were left out of the equation.
If you're genuinely worried about these, you shouldn't use this hypothesis.
This suggests you don't understand the realistic value of 1 gold Tibby - probably because you were never given one.
To the first one,
Wwwwwait. You're comparing gold in rsrp to the US dollar, now? The value of Gold and the Dollar are based on different things. In the real world, gold and silver prices are based on the strength of non-U.S. GDP growth against that of real interest rates in the United States. Whereas the value of the dollar is measured by exchange rates, treasury notes, and foreign exchange reserves...
Anyways.
Which method are you trying to base your system on? XD To me it sounds like exchange rates (with items instead of other currencies), but then you say it's gold, and that it's worth a fraction of a bar, and that it's not the currency you care about, but the value.
To the second one,
Yeah. I don't use your hypotheses, do I?
To the third one,
Yeah. Was given a realistic value of 1gp Tibby. Problem is the value of currency isn't static. It changes. And, it's changed a lot. #Inflation. Hell, one could argue, #Hyper-inflation.
14-Oct-2013 02:20:34
SsVivid
said
:
I'm reminded of a book I read as an adolescent called The Twenty-One Balloons .
The protagonist sets off to fly about in a hot air balloon and ends up by accident on Krakatoa, where he becomes part of a small town of island residents. As part of the community, he also gets rights to an equal share (1/21st) of the richest diamond mine in the world .
As his host shows him the mine, though, the host also explains that he can't just take all of his diamonds and go be a rich mofo, because if he loaded all of his diamonds up on a big ship and sailed to land, when he got there, the cargo would decrease the rarity of diamonds so much that he might as well have a ship full of broken glass.
I like stories.
Nice story :o
And yeah. 'Cept, imagine that, in the case of 42, instead of a ship carrying diamonds, it's a noble popping up in 42. Or wealth being 'generated', shall we say, in 42, which I would argue is more common. Now, imagine that instead of this person loading up his ship with diamonds, /hundreds/ of people are loading up /hundreds/ of ships with gold coins, and sailing back home (to 42). Now imagine that all this happened in the past, and now we're in the present.....Cause we are. And that's a simplified way of stating what already happened.
They might as well have come to rsrp with ships full of broken glass
I'm reminded of a book I read as an adolescent called The Twenty-One Balloons .
The protagonist sets off to fly about in a hot air balloon and ends up by accident on Krakatoa, where he becomes part of a small town of island residents. As part of the community, he also gets rights to an equal share (1/21st) of the richest diamond mine in the world .
As his host shows him the mine, though, the host also explains that he can't just take all of his diamonds and go be a rich mofo, because if he loaded all of his diamonds up on a big ship and sailed to land, when he got there, the cargo would decrease the rarity of diamonds so much that he might as well have a ship full of broken glass.
I like stories.
Nice story :o
And yeah. 'Cept, imagine that, in the case of 42, instead of a ship carrying diamonds, it's a noble popping up in 42. Or wealth being 'generated', shall we say, in 42, which I would argue is more common. Now, imagine that instead of this person loading up his ship with diamonds, /hundreds/ of people are loading up /hundreds/ of ships with gold coins, and sailing back home (to 42). Now imagine that all this happened in the past, and now we're in the present.....Cause we are. And that's a simplified way of stating what already happened.
They might as well have come to rsrp with ships full of broken glass
14-Oct-2013 02:26:39 - Last edited on 14-Oct-2013 02:43:56 by Aivas
Quick find code: 237-238-349-65180392 Back to Top