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Gold Price and Silver Rate Today: January 8, 2025
Today, January 8, 2025, the prices of gold and silver in India have been updated. The price for 10 grams of 24-carat gold in Delhi is ₹78,873, while 1 kilogram of silver is priced at ₹95,700 in Delhi. Gold Price Overview Gold prices have remained steady today across India. The current price for 1 gram of 24-carat gold is ₹7,887.3, while 22-carat gold is priced at ₹7,231.3 per gram. These prices…
#2025#22-carat gold price#24-carat gold rate#gold and silver rates January 8#gold investment India#gold price fluctuation#gold price today#gold rate in Delhi#latest precious metal prices#silver price in Jaipur#silver rate in Lucknow#silver rate today
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How World Events Influence Stocks: A Guide for Investors
How World Events Influence Stocks. Read more -> www.wealth-wise.blog World events, Stocks, Stock market, Economic calendar, Financial portals, News sources, Investment guide, Global happenings, Interest rate decisions, Inflation data, Corporate earnings
To understand how world events impact specific stocks, there are various approaches and tools that can help you better grasp the connections between global happenings and stock prices: 1. News Sources and Financial Portals Current news about politics, economics, and natural disasters often have immediate effects on financial markets. Here are some platforms that keep you informed about such…
#Antitrust actions#asset allocation#Business news#Climate policy#Commodity prices#Consumer goods#Corporate earnings#Currency fluctuations#Digital finance#Economic calendar#Economic trends#Energy market#Equity research#Expert opinions#Financial analyses#Financial analysis#Financial portals#Financial reports#Geopolitical tensions#Global happenings#Gold prices#Industry-specific events#Inflation data#Interest rate decisions#Investment guide#investment opportunities#Investment strategies#Investor insights#Macroeconomic data#Make money online
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Understanding the Dynamics of Gold Prices in India (6/1/24)
Title: Understanding the Dynamics of Gold Prices in India (6/1/24) Gold holds a significant place in India, serving various purposes from ornamental jewelry to a reliable investment option. The price of gold is subject to numerous factors, including global market conditions, currency exchange rates, and domestic demand. In this blog post, we will delve into the current gold prices in India as of…
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#Currency Exchange Rates#Economic Impact#Gold Prices India#Investment Strategies#Market Trends#Price Fluctuations
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SITUATION In an alternate history where time travel has been invented, a cabal of time-traveling traders and politicians are engaged in intertemporal arbitrage, using their future knowledge to corner markets throughout history. They've recently set their sights on the oyster trade of 19th century New York City, hoping to use their advanced refrigeration tech and insider info to make a killing. But their actions are destabilizing the timeline and threatening to erase key historical figures from existence. The party must unravel this temporal trade network and confront the mysterious mastermind behind it all before irreparable damage is done to the space-time continuum.
SETTING The adventure spans multiple eras, but key events occur in:
New York City, 1842 - The booming oyster trade has made the city the oyster capital of the world. Oyster cellars line Canal Street, shucking a staggering 700 million oysters a year. The docks bustle with oystermen.
The Far Future Oyster Vaults of Neo-Nassau, 2891 AD - Towering refrigerated vaults hold trillions of perfectly preserved bivalves. Chrono-barges zip through pneumatic tubes overhead. Neon-lit canals crisscross the city.
The Temporal Trade Hub, Outside Time - A mind-bending nexus where past, present and future intersect. Causality-defying architecture shifts like a kaleidoscope. Traders haggle over price fluctuations yet to occur.
CAST
Crassus Rockefeller III - Robber baron, mastermind behind the Oyster Futures Syndicate. Seeks to monopolize history's oyster supply. Wields a Causality Anchor that stabilizes him in spacetime.
Vivian "Viv" Wellfleet - Rogue chrono-trader with a heart of gold. Wants to stop Crassus and restore the timeline. Former collegiate oyster shucking champion.
Shucker Jim - Grizzled 19th century oysterman. Secretly an undercover Chronoguard agent. Rocket harpoon prosthetic arm. Loyal but haunted by a tragic past.
The Muculent Sibyl - Prophetic oyster-human hybrid from an alternate timeline where oysters evolved sapience. Whispers maddening future-truths. Chained in Crassus' vault.
Ostreida, the Oyster Goddess - Eldritch bivalve deity worshipped by a future oyster-cult. Seeks to flood Earth's history, returning it to a primordial sea.
The Chronoguard - Temporal law enforcement. Hardened time-cops in chromed exo-suits. Seek to stop illegal intertemporal trade by any means necessary.
The Oystermen's Union - Tough New York oyster workers, their livelihoods threatened by future sabotage. Burly, bearded, and brawny. Know the oyster beds like the back of their callused hands.
INITIAL CONDITIONS The 19th century oyster trade is booming, but prices have started fluctuating wildly and oyster shortages loom due to temporal meddling. Anachronistic tech has been found in oyster beds. Strange future-cultists lurk in oyster cellars, preaching the coming of an Oyster God. The Chronoguard has dispatched agents to 1842 to investigate, but Crassus' syndicate has a head start and deep pockets. The timeline is already fraying at the edges - historic oyster-lovers like Queen Victoria are fading from existence. The players arrive in old New York to find a temporal powder keg ready to blow.
GOALS
Crassus Rockefeller III - Corner the oyster market across all of history, making trillions. Ascend to economic godhood.
Vivian "Viv" Wellfleet - Stop Crassus, restore the original timeline, save the future. Maybe shuck some oysters along the way.
Shucker Jim - Complete his mission, avenge his partner, keep the space-time continuum safe from rogue traders and their greed.
The Muculent Sibyl - Escape her imprisonment, reveal cosmic truths, bring about the Oyster Singularity her visions foretell.
Ostreida, the Oyster Goddess - Flood Earth's history, make the world a oyster's paradise. Destroy upstart humanity.
The Chronoguard - Arrest Crassus and his cronies, stop the temporal trade in its tracks, preserve the integrity of the timeline.
The Oystermen's Union - Protect their way of life, drive out strange future interlopers, keep oyster prices stable and bellies full.
TOOLS/RESOURCES
Crassus Rockefeller III - Vast wealth, future tech, Causality Anchor, bribed officials across eras, oyster futures contracts.
Vivian "Viv" Wellfleet - Heirloom chrono-compass, knack for disguise, knowledge of oyster lore, her trusty quantum-shucking knife.
Shucker Jim - Rocket harpoon arm, Chronoguard combat training, 19th century street smarts, loyal oystermen contacts.
The Muculent Sibyl - Precognition, psychic whispers, eldritch oyster magic, fanatical mollusk-hybrid cultists.
Ostreida, the Oyster Goddess - Divine bivalve powers, oyster monster hordes, tidal magic, beachhead temples across history.
The Chronoguard - Jurisdiction across spacetime, stun-harpoons, chrono-cuffs, hardened exo-suits, orbital trawler-ships.
The Oystermen's Union - Strength in numbers, intricate knowledge of oyster beds, sturdy oyster boats, shucking solidarity.
SAMPLE SOLUTIONS
Infiltrate Crassus' syndicate posing as fellow traders, destabilize his operations from within while searching for evidence of his crimes. Coordinate with Chronoguard to arrest him in a dramatic sting.
Rally the Oystermen's Union to sabotage future tech and resist the Syndicate's strong-arm tactics. Stage a general strike to force the city to crack down on rogue traders.
Beat Crassus at his own game by cornering the oyster market first. Flood the market with your own supply via time travel, tanking prices and ruining his monopoly.
Cut a deal with Ostreida, brokering a compromise where oysters and humans can coexist across history. Use her power to threaten Crassus into surrendering.
Rescue the Muculent Sibyl and convince her to aid you with her prescient visions. Navigate the fluctuating timeways to always stay one step ahead of Crassus and his goons.
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Hello, I am also interested in Vedic astrology, learnt it from KRS and Dr. Arjun Pai and also a big Jungkook fan I saw how you relate nakshatras to events and symbolism in one's life and I wanted to share a very important and fascinating detail about Jungkook. When Jk's mother was pregnant with him she saw rain of gold and the leader of their group BTS, Namjoon (aka RM) gave him a nickname as Golden Mangne. Which means the youngest member and golden because he is good at everything, he's an all rounder, shines at everything. Then, last year he released his first solo album GOLDEN for this very reason as sort of a tribute to the symbolism of gold in his life, even in his merch he included things related to gold or symbolising gold like giving perfumes with real gold flakes in it to selected fans etc. I believe that his relation to the theme gold or golden can also be represented by his future spouse also since he has so many nakshatras in his chart directly related to gold like magha.
So, I compiled all the nakshatras that has symbolism to gold strictly acc to Dr. Arjun Pai which can hold importance in his future spouse's chart or she can embody the characteristics or themes of these nakshatras.
1. Ashwini
Its symbol is a golden chariot, ruled by Ketu.
Themes - forms of transportation, may like driving fast, youthful looking or much younger than their natural age.
2. Krittika (can be very important due to strong link with gold)
It is ruled by sun and rules directly over gold so it has significant influence on the fluctuations of gold prices globally.
Themes - mole on right chest, good consumer of food, fighter for a social cause, the spiritual warrior, very energetic.
3. Mrigashira
It is directly associated with gold, it could also related to Lord Rama chasing the golden deer at the behest of wife Sita.
Themes - very wealthy, knowledgeable or scholar, Govt. Official etc.
His snake tattoo could also be symbolic here as sacred animal for Mrigshara is female serpent.
4. Punarvasu
Directly related to gold
Themes - Courageous but cold hearted, excel in arts like poetry and writing, could love technology, love working with computers innovators or inventers, good with languages, hands and mudras (fingers are the body part associated), very strong will power, never gives up, loves white dresses, likes teaching, most self sacrificing Nakshatra, loves and fiercely protect children and animals.
5. Magha (it can be very prominent as it's Jungkook's birth nakshatra)
People rich in gold, people born in this nakshatra have prominent big nose, loves their home, love for history or historical documents, worldly power, recognition.
The form of Lord Ganesha here can be especially important, the form is known as Nritya Ganapati which means "Happy dancer". In which he appears in Golden hue complexion in dancing posture on one leg under wish fulfill tree with four hands. Nritya Ganapati is worshipped especially by dancers. We all know he is a very good dancer, I think she can be a good dancer too.
Also can be associated with his crown tattoo.
6. Uttara Phalguni
It is directly related to Gold.
Themes - charitable, kind hearted, straightforward, very ambitious, likes to lead a princely life, fitful temper
7. Hasta
Diety - Savitur name translates to Golden handed everything he touches turns to light, good with hands or designing something or magic.
Themes - good writers or articulate speakers, good humor, wit and laughter in the natives, or could be sarcastic too, childish or child like mood swings or tendencies of anger.
8. Vishakha (can be very prominent)
This nakshatra rules the Golden color itself and it is associated with gold.
Themes - success through own efforts, bright appearance, humanitarian, conquer and Vanquish their enemies, success matters to them allot, natural born leaders. (she can be self made)
9. Mula
Nirrti the diety of Ketu ruled Nakshatra mula is described to have golden locks. (her hairs can be peculiar)
Themes - faces adversity with composure, clever, successful, determined, brave, explorers, impulsive in nature, cut and destroy things that have lost their value, height of material accomplishment, thick lower lips.
7. Uttara Ashada (can be very prominent)
Directly associated with gold, it is the 21st nakshatra out of 27 or 28 nakshatra that possess traits of all the previous nakshatras.
Goodness with Ashwini, Punarvasu, and Pushya
Will power with Bharani and Anuradha
Desire with Bharani, Rohini, Mrigashira, and Ashlesha
Skillfullness with Hasta and Chitra
Forebearance with Uttara Phalguni, Vishakha and Jyeshtha
Ancestors with Bharani and Magha
Abundance with Rohini, Mrigashira, Purva Phalguni and Chitra
Summit / peak with Mula and Purva Ashada
Themes - invincible, very patient, enduring, highly righteous and responsible, very humanitarian, workaholic, this Nakshatra also represents latter Victory and they are known to have their golden period after 35 years of age.
This Nakshatra also has a hidden nakshatra in it's 4th pada that is Abhijit which is a nakshatra that is known to give Aparajit or invincible or indefeatble victory. Which aligns with his Winners never quit tattoo and the fact he refuse to lose no matter what.
8. Dhanishta (can be very prominent)
Literally means the wealthiest and is associated with gold also means the most famous, it is also related to rain so could be directly linked with Jk's mother dream about rain of gold.
It is ruled by Vasus "Gods of abundance" so therefore giver of wealth, precious stones, valuable articles, gold opulence etc.
Themes - fond of music, Charitable, wealthy, heroic, enjoys music and dance, liberal, rich, bright and young looks, talent in singing and dancing, fine arts, philanthropy, courage, prosperous, upbeat, ambitious, occult knowledge, attached to siblings.
The for of Lord Ganesha here is seated in the golden lotus.
Other nakshatras that can be important in her life are-
Bharani - Lord Ganesha is known to have golden yellow color hands in the depiction of this nakshatra.
Rohini - Lord Ganesha appears with golden yellow complexion with several ornaments.
Purva Phalguni - Lord Ganesha has golden complexion
Chitra - Related to Jewellry and Lord Ganesha has golden complexion.
While compiling these nakshatras themes like Artisans, musician, writing, twins (duality), clothes, medicines, past life, history and likes were throughout prominent.
I think she's going to be very unique and pretty also all these nakshtras tells me that she will be good at many things just like him and very stubborn too, just like him. Hohoho looks like he's going to get some competition.
Thank you for reading @shukraastro please let me know what you think about this or if you'd like to add some more things.
Hi,
I didn't know about the Golden youngest nickname I had to look it up.
So anything that has gold related to their name is mainly a theme of Hasta Nakshatra. Hasta has an influence on individuals that it connects names of natives to gold or sun because of its deity. So you will see that such people will have names/nicknames that are related to gold. Hasta's meaning is the golden hand and anything an individual touches or creates becomes gold because these people are very talented. They are very good in arts because it's a Moon ruled Nakshatra and they are prone to perfectionism because it's in Virgo. You mentioned his album Golden. I also see here themes of Hasta: Music (Moon) and the title itself again Golden. But I think here's also a connection to Rohini, because Rohini is also strongly associated with Music.
You mentioned about him being known as the Youngest. I've looked that up and he's very well known for being the most talented among the youngests of all groups which makes him the most favored one of all. This is a strong theme of Rohini. Rohini is the youngest and most favored among all her sisters. We see Rohini people always being very successful exceeding their peers. Rohini is also THE Nakshatra for music and dance along with Revati, these people have a deep love for singing and dancing. The next thing that also falls under Rohini is the perfume you mentioned. Rohini is a Nakshatra which makes individuals very specialized in things like perfumes, quality fabrics, overly expansive jewelry even with food and drinks. They love good quality food and wine - they are big foodies. These people enjoy all the luxurious things in life. Another point is his preference for clothing also matches well with Rohini. They like to wear very comfortable oversized clothes but they also don't shy away from presenting their body when they want to. And the Yoni here is the female serpent.
We always forget Revati guys, he has his Atmakaraka in Revati. She is definitely gonna have a prominent Revati in her D1 or D9 chart. Revati is the wealthiest of all Nakshatra's and is connected to rhythms/music (instruments like drums and string instruments) and dancing (the feet).
Uttara Ashadha could also be present as well as Vishakha. Uttara Ashadha is typically also an all rounder Nakshatra. Vishakha has more intense themes which we can also see in Jungkook's dark image (his style). And just like Rohini, Vishakha is also a Nakshatra which loves quality, especially in food and drinks - another foodie Nakshatra.
As for his tattoo Winners never quit this is more a theme of the Nakshatra's withing the spectrum of Chitra up to Jyeshta, that section of the Nakshatra wheel is highly competitive. Chitra is ruled by Mars - the warrior -, Swati is the fastest and aims for success - ruled by Rahu -, Vishakha is very materialistic in Libra (Venus) so they work hard to achieve success and they don't take defeat and can scheme to win in Scorpio (Mars) -, Anuradha they stick to a team and they do everything to win for their team, Jyeshta is the most competitive of them all they don't give up until they reached to top and they are self made. Jyeshta is a Nakshatra which learns to work from a very young age, they also get seperated from their family very early in life to pursue their career goals and become over achievers compared to their peers. So when it comes to winning and competitiveness the portion from Chitra to Jyeshta becomes very significant.
She could very well share some talents with him like singing or painting but she could be more private on that since he has his Darakaraka in a Ketu ruled Nakshatra, so she will be more drawn back into her privacy compared to him with his publicity and fame which is very Rahuvian. She could have Rahu involved in her spouse indicator placements.
Ashwini, could be strong but more through Ketu, she could have her Ketu in Ashwini which would make her very highly spiritual with a deepened Ketu effect.
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Donnie was in the middle of playing a Game Shop owner simulator game. Their model is dressed in an purple polo shirt, a gold colored apron with the shop name 'Softshell Cards' on it, along with a gold trimmed purple visor over his bandana.
The shop was pretty expanded, the layout and stock were already optimized, not to mention aesthetically pleasing and Donnie was looking over the numbers the determine what to do next.
"So, we have the choice of buying a new product, but so many have dropped in market price that it doesn't look like a good option." Donnie says while bringing up a spreadsheet of the market price fluctuations.
They look over at the NPCs roaming about with their slightly wonky pathing, the employees restocking, and running the register.
"If it were not for the fact that I haven't fully unlocked every possible SKU, and shop expansion, you would think there was nothing left to do. Bored Sigh." Donnie leans back in their chair, still going over the data that was collected.
Donnie slightly minimizes the game, and brings up a video of Leo playing the same game, though he seems to be loosing his mind over the NPCs not buying things.
[Leo: I know I can't actually talk these guys into buying anything, but why do they keep saying these are to expensive?!
He goes to look at the price tag.
Leo with a confused look: When did the price plummet so far? It was like $5-7 higher two days ago!]
Donnie sits watching their twin play the game very differently to they are.
"Inquisitive Hum. Maybe I should change up my strategy. Make a new file, and have Shelldon decide how I go about it." They then do just that.
Exiting to the main menu, making a new save file, and bringing Shelldon into play.
Shelldon leads Donnie to play a bit more chaotically, buying items Donnie wouldn't, selling items that Shelldon though were cool and not caring about pricing.
"Whoa Dude. We can get that shop upgrade! Storage Room acquired!" Shelldon celebrates while having Donnie move back stock racks into their new 'Storage Room', and order more items.
"Don't forget the rent Dude! Then get the license for that new figure!"
Donnie enjoys this even if it's not quite how They wanted to play.
The audience enjoy watching the Father and AI Son gaming together.
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Masterpost
This is short because I keep getting conflicted on how to write out playing this game, because different people I watched played so differently.
Was going to compare Leo and Donnies ways of playing, but I couldn't really get it into my mind what they would do.
And I kept being like 'well if I played this I'd play like this!'
Yeah the game is TCG Card Shop Simulator
#vturtles!#rottmnt fanfic#rottmnt donatello#rottmnt donnie#rottmnt leonardo#rottmnt leo#rise donatello#rise donnie#rottmnt au#tmnt#teenage mutant ninja turtles#rottmnt#rise of the teenage mutant ninja turtles#tmnt 2018#rise tmnt#rise of the tmnt#tmnt rise
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I hate the d&d economy (amongst so many other things) like gold is such a commodity for adventurers to the point a healing potion costs 50 gold, yet an average farmer earns a single gold a year. A suit of armor costs 1500, so a king would need to tax thousands of people just to get one guard armor?? Magic items are thousands of gold???
Lifestyle expenses make no sense. A modest farmer makes 1 gold a year yet has to spend 1 gold a day for a modest lifestyle?
A dagger is two gold? So some guy needs to save every penny for two years to get a kitchen knife?
To compare it to USD let’s use a mug of beer which costs 4 copper. Or 4/1000 (0.004) of a gold piece. In my town a domestic beer (assuming domestic bc they are not importing Heineken into the Sword Coast) costs $3-5 dollars depending on how “good” you want. I will call it a happy $4. Easy and obvious math says 1cp=1 USD. Perfect and happy. Thus 1gp=100 USD, But that means your average farmer earns 100 USD a year.
Then if you start applying that to other items cost fluctuate out the ass. Loaf of bread (2cp) is 2$, not bad. A pitcher of wine (2sp) is $20. Not bad again.
Let’s look at adventuring gear. A suit of leather armor is 10gp or $1000. Chain mail is 75gp or $7500. Plate mail is 1500gp or $150,000. Shortsword is 10gp or $1000. The real life versions of adventuring gear are WAY cheaper. Looking at magic items - each level of rarity (on average) increases in value by 500 gp or $50,000 per level of rarity.
If you go through the players handbook most of the daily use items for normal people fluctuate around logical. However, every item for adventurers is insanely over priced. This supports my main theory that adventurers are an invasive species in the sword coast and the easiest way to keep them in check is to charge them so much money and send them to die to dragons.
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The Skelita Howliday doll has been on sale on Amazon (at fluctuating prices) so I gave in and bought her as a birthday gift for myself. As I scrolled through the reviews I was concerned that she would arrive in a mangled box and damaged. Thankfully, she turned up pristine!
The packaging is quite nice. I very much like the skull winged butterflies. It's a shame that they are not really used anywhere else besides the fabric print of the dress.
Anywho, I've already complained enough about the doll's design and I'm sure there are plenty of reviews out there so I'll go quickly!
STAND:
Yes, very nice details on stand base. Good. I was surprised when I realized it's a saddle stand. I've had to stick a wad of putty on the saddle to keep Skelita in place lest she falls out.
Now she topples over stand and all! X'D
HEADPIECE:
I was happy to see the skullettes in the flowers have all this sculpted detail! Unfortunately, the painted detailed are a bit off.
The headpiece is made of a harder plastic and is hollow with an open back.
At first, I thought, "Oh, nice. It's much lighter than the first adult collector Skelita's headpiece!"
But then I remembered that I actually really dislike when companies cut corners by neglecting the backside of their toys and products. All angles should be taken into consideration.
Especially on a collector doll.
SHOES:
Shoes are nice. I like the detail of the sole and flowers.
JEWELRY:
Itty bitty skullette beads.
And another skullette with sculpted details. A nice touch.
I'm honestly surprised to see a total of six bracelets and a necklace on this doll. They don't have much in the way of painted details, but I'll take what I can get.
DRESS:
Skelitas used to come with a plastic piece in the shape of the standard Monster High torso to help clothes fit on her boney frame. Now she comes with this. Undergarments I guess? ;P
The ruffle and sleeves are made of the same stretchy fabric and covered with some gold glitter. The sleeves' edges are secured with an overlock stitch while the ruffle is left raw.
Beginning to fray.
The dress's skirt fabric is that thick plasticy fabric that kind of feels like paper. I do not care for this fabric in the least.
(I was trying to capture the stiffness of the fabric by scrunching it in the photo.)
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After disassembly, I washed her and her clothes. The purple stretchy fabric began to stick onto itself during the washing process. Perhaps the glitter adhesive reactivated with the water and/or the heat. Thankfully, I was able to separate it all again. The top portion of the skirt ruffle folded over during washing and I actually prefer it this way.
Happy accident.
I was able to bring down and relax the sleeves with some added (light) heat. Thank goodness because I did not like how those sleeves looked from factory.
I also took it upon myself to straighten and quickly style her hair with a half ponytail.
For a collector doll, I expect some styling from the company but she came with nothing.
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Here she is:
The more I look at her, the more I appreciate her. The colors are nice and are pretty cohesive. There are some nice details and she's a "pretty" doll.
However, for this being a collector doll priced at almost 50USD and knowing that Mattel can and has done so much better in terms of design and materials, I'm very disappointed.
But for what I actually paid?
She's okay.
Either way, I'm very happy to have her.
In truth, I would like to buy another one. Either for fodder, or to keep one as factory and another customized. Will only do that if she drops considerably in price.
#More on Patreon.#dolls#skelita calaveras#howliday#dia de los muertos#dia de muertos#día de los muertos#día de muertos#review
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Gold Price and Silver Rate Today: December 21, 2024
Today, the price of 10 grams of 24-carat gold in Delhi is ₹76,963. Meanwhile, 1 kg of silver costs ₹93,500 in the city. Gold prices have seen a slight dip this Saturday. The rate of 24-carat gold in India is ₹7,696.3 per gram, which is ₹330 lower than before. Similarly, the price of 22-carat gold is now ₹7,056.3 per gram, reflecting a drop of ₹300. Over the past week, the price of 24-carat gold…
#2024#22-carat gold price#24-carat gold rate#current gold rate#December 21#gold and silver rates#gold price fluctuation#gold price in Delhi#gold price today#gold prices in North India#silver price in India#silver rate in Jaipur#silver rate in Lucknow#silver rate per kg#silver rate today
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Silver Recycling
As a metal, silver is considered an infinitely recyclable material, with no loss in quality after recycling. As a precious metal, however, the rates of silver recycling tend to fluctuate in concert with the current cost of the metal - when the price of silver is higher, the recycling rate tends to increase. The United States is considered the world's largest silver recycler, though the rate at which they have recycled silver has decreased slightly compared to a decade ago. Worldwide, it is estimated that around 25-30% of silver produced today comes from recycled silver, though statistics are difficult to track.
The application silver is used for can also affect recycling rates. High purity silver, like that used in jewelry, is easier to consider than low purity silver, such as what is used in photographic applications.
Sources/Further Reading: (Image source - Statista) (Physical Gold) (emew blog) (Burhouse) (2014 article)
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Happy WBW! Does your world have any interesting systems of currency?
Currency in the Green Sea
Thank you for the question!
Currency is a complicated topic, primarily owing to the fact that money isn't actually all that common in the Green Sea and is a relatively new innovation. In fact it was a Labisian King, Mushadi the Third, who first implemented a palace controlled coinage. Mushadi happens to be the grandfather of both Ninma and Akard, just to give you an idea of how recent coinage actually is. Most of the Green Sea trades primarily via barter, and in practice the coins now used in parts of Kishetal, Shabala, and Makora, are based on the goods that were once bartered. The perceived worth, size, and shape of coins will vary from city to city. For most of the world, even in places like Labisa where coinage exists, most economic activity is still based on bartering, the direct trade of goods. In certain regions of both Kishetal and Korithia, cattle are seen as a show of wealth, and things may be priced in terms of heads of cattle or other livestock.
For those regions that do use coinage, it is perfectly normal to accept money from other regions as payment, in this instance these coins will be thought of purely from a material standpoint, as pieces of metal, rather than with palatial backing.
The Labisian Currency System
Most commoners in Labisa don't use coins or if they do they will only do so using bronze coins, most commoners are unlikely to ever even touch a gold coin, much less earn one.
The examples of Labisian coins above come from the reign of Hutbari. The holes on each coin are meant to specify their worth in terms of baskets of barley.
The smallest unit of Labisan money is the Zubakip, a bronze coin, typically made from the scraps leftover from armor, tool, and weapon production. The worth of the coin is regulated based on the palatial administration with price being tied to the price of two baskets of barley. The actual size of these baskets, and thus the buying power of the coin, will fluctuate. A Zubakip can be thought of as 3 days worth of work for a Kishite commoner. The front of these coins are typically emblazoned with symbols related to the city itself, in this instance the glyphic symbol of the mountain and lake.
The second unit is the Sysbakip, a silver coin. The sysbakip is worth approximately five times as much as a Zubakip, 8 baskets of grain, or roughly the same price as the average ewe or a good quality horned-rabbit. These coins are typically marked with an image of the ruler that commissioned the coin. The example above shows Hutbari flanked by two Kiriki.
The last and most valuable coin is the golden Fetabakip. Fetabakip are very rarely actually made and reserved almost exclusively to nobility and for purposes of trade. These are typically the least adorned coin, marked only with the name of the reigning king. One fetabakip is equivalent to 7 Zubakip, or half of the price of a mid-quality heifer.
#testamentsofthegreensea#writeblr#worldbuilding#fantasy#fantasy writing#world building#writing#fantasy world#wbw#ask answered
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Gamestonks
There is a huge gulf between how stocks work, and how stocks are supposed to work.
The way stocks are supposed to work is that a company wants money, and so sell tiny portions of the company. At the end of the year, any money that the company made (gross profit), over costs, (net profit), that they decide to not hold in a war chest or reinvest in the company is distributed as dividends, based off how much of the company you own, i.e. stocks.
So, you look at the company, and it produced x-dividends the last couple of years, and so you decide, say, to buy it for 5x earnings. So, on the sixth year, you make 20%, which then climbs by 20% every year. (percent of initial purchase). For pretty much everyone, that would be a great deal.
Too good.
Instead, corporations work of projections, lies, damned lies, and statistics. The stock market value ends up with little to no connection to actual earnings. It's all derivatives of estimations of projections of lies.
Alright, how the fuck are you supposed to make money off of this.
Well, for one thing, YOU are not supposed to make money. THEY are.
And the way to answer the question is through arbitrage. Commodity markets always fluctuate. You have quarterly earnings reports, international currency fluctuations, speculations, short sellings, etc.
You have have one person make a typo and sell 10x what he meant to sell, and this creates a panick that upsets the market index funds, and the market index fund creates more disruptions.
This causes the market price of a stock to increase and decrease, several times over the course of a single day. This leads to day trading, where you buy and sell the same commodity in a single trading day.
Some terms:
Arbitrage: Change in the price of a good, without any change to the good itself.
Commodity: Interchangeable products. Say you buy a 1oz gold coin, and sell it, and buy another 1oz gold coin of the same type, and it would have the same price. If you do it for stocks, it doesn't matter which set of stocks you have for a company, as they are all interchangeable.
Speculation: Literally guessing. If someone thinks a stock will increase in value, they will buy up a lot of that stock. If they are a big enough of a broker, this might be enough to actually change the marker price of the commodity. Effectively creating a self-fulfilling prophecy.
Panick: If the price of the commodity drops enough, it could make investors worried, which will cause them to sell the stock. This can lead to a cascade of selling, which lowers the price of the stock further, and further, and further.
Leverage: Take debt out on a product that you then invest. So named because it acts like a lever, applying a much larger effect to the initial product. You can stand to make AND lose a lot more money. You can leverage other debt products.
Short Sale: You borrow a commodity with a specific date of return. You sell the commodity. You then buy the commodity later and return it. If the commodity's price drops in the interim, then it's cheaper to buy the commodity later, and so you make money.
Short Squeeze: With a short sale, you are required to buy the product back. If you are required to buy enough of the product back you can cause a short-term increase the market price. The opposite of a panick occurs. Short sellers see the price increasing, and so buy the commodity they shorted now, rather than waiting, when it will be at a higher price.
Now onto Gamestonks. A group of redditors wanted to stick it to the rich hedge funds.
Now, because the government inflates your money away, you CANNOT save for retirements. As your money would lose so much value in that time you might die from the stress of it. You have to invest it in the stock market.
Gamestop is a terrible video game retailer. The only reason they survived as long as they did is because they bought out the competition.
Their stock was dropping. And when a stock drops, you get a lot of short sellers. And the Redditors were ready to strike.
There was a new app on the market, called Robinhood. The obvious implication is that you get to rob the rich. It allowed the average person to play the stock market without brokerage fees. They used this to collectively buy a lot of Gamestop stock. If you have a large buying spree, this increases the price of the commodity. This caused the price to increase by around 30x in a single month.
This caused a lot of financial damage to hedge funds, who complained, because only THEY are allowed to manipulate the stock market. Who do these plebs think they are?
Oh, Robinhood?
. . .
If you don't pay for the product, you ARE the product. The software turned out to have been built by people who built High Speed Trading infrastructure. Everyone thinks High Speed Trading is bad, but it's much worse than most people could imagine. See the Addendum for details. But, the point was basic to gather information from users.
Robinhood, being the Robin Hood they are, FORCED the sale of Gamestop stock. This pushed it back onto the market, and pushed it back onto it's downward spiral, to save the hedgefunds. Or their own liquidity, which means they were trading beyond their means, and decided to NOT meet this commitment.
Addendum: High Speed Trading
Stock trading happens on exchanges. You say put in a buy or sell order for a commodity on your exchange. If there is a compatible order on the exchange, the commodities are traded.
If there is not, the exchange sends the order to other exchanges.
High speed trading has a much faster hardline between exchanges. So, they see an order on an exchange. They see it not be fulfilled. They know it will be sent to other exchanges. They send their own orders to these exchanges, faster. They reach the new exchange first.
So, let's say Able puts a $15 buy order on an exchange for X.
Hilariously, I can just use X.
Anyways.
So, Able puts $15 buy order for say, 10,000 of Galen stock on X exchange. This will buy any stocks from Galen at $15 or less.
There are is one $10 sell order on the exchange, for 5,000 Galen stock. So, they exchange it for $10.
But, there are still 5,000 units missing.
So, X exchange sends out calls to Yankee and Zulu exchange with the orders.
The $15 buy order for 5,000 Galen stock hits Yankee exchange, a split second faster than Zulu.
Bravo High Speed traders have a faster hardline between X and Yankee. So, they send their own $15 buy order for 5,000 Galen stock to Yankee exchange, which arrives before Able's does. They find a Sell Order for $12 for 5,000 units. They buy these 5,000 units and then immediately create a sell order for $15. So, when Able's order gets there, he buys 5,000 units for $15 rather than $12.
P.S. One of the best part of this is that the financial analysts quickly learned the gamestonks lingo so they could properly advise on it.
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Day 1: GOLD PRICES are MORE AFFORDABLE today compared to yesterday. KOTOKO is INNOCENT today!
Gold prices, as of the time I checked, dropped 1.17% from yesterday.
Every day I remember to, I'll be voting Kotoko guilty or innocent based on gold price fluctuations.
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Worldbuilding: War and Rumors of War
What does being a veteran mean in your world?
One of the most interesting elements of Glen Cook’s Garrett Files fantasy detective series is the ongoing war in the Cantard. Over silver mines, because silver fuels sorcery. Every human man in his kingdom is drafted; every man part-human, gets the choice of being drafted or surrendering all rights as a human citizen. And someone nonhuman can earn full citizenship by serving.
This has multiple effects that crop up through the books. Three of the most obvious are that first, any guy on the street can and probably does have experience with weapons and violence. Second, about half of those who serve don’t come back, meaning there are a lot of unattached women and even an all-girl street gang. Third, as the price of silver versus gold fluctuates with military advances and reverses, various speculators and other more nefarious types take advantage of it. Or try to, with schemes ranging from kidnapping to murder to demonic summons. Plenty of crime to keep a P.I. hopping.
A war, however distant, means Garrett’s home city of TunFaire lives in interesting times. Consider if your story needs that kind of interesting. Are there any kingdoms or planets in your story at war? Threatening to go to war? If so, why? Or why not?
P.M. Griffin’s Star Commandos series is another that uses war as a backdrop. In this setting there was a massive interstellar war that ended just a few years ago; the Federation versus the Arcturian Empire. Aftereffects include pirate wolfpack fleets, people trying to avoid the colonization bureaucracy and start over on new planets, a lot of well-armed merchant shipping, and too many jumpy spacers ready to rile up a mob against anyone who looks like an Arcturian. This makes life far too interesting for Captain Varnt Sogan... because he is an Arcturian, War Prince Varn Tarl Sogan, living in exile under the threat of death because he failed to conquer the Federation. It’s tough being an honorable enemy!
Two different series, two different settings, two very different ways of treating veterans. Because they are two different wars.
The war in the Cantard is resource-driven. Sure, everyone would like silver, but it’s the powerful sorcerers who need it. And their magic gives them the power to persuade nobility to commit regular forces to their ends. Guys like Garrett get drafted, do their best to survive and come home, and their society shrugs and moves on. “No one cares what you did in the war.”
The Federation’s war against the Empire started because the Arcturians from the beginning expanded by conquest, and the Federation was in the way. Almost all Federation soldiers were volunteers. Their ultrasystem is proud of them and they are respected.
Begrudged survival, or honest respect? Fighting for a cause, or because you have no choice? Who, or what, did your veterans fight?
Know these, and you know a lot about your world!
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i just saw a screencap of an opinion piece from 2013 talking about how "in terms of gold, american wages have actually gone down since the 1960s, the minimum wage used to be 71oz of gold per year and in 2011 a "good" wage was only 63oz of gold" ITS ONE COMMODITY YOU DUMBASS and a commodity used extensively in both luxury goods and technology!!!!!! the price of gold is not an absolute measure 😭😭😭 being able to buy 1/10th as much gold in the modern economy doesnt equate to being able to buy 1/10th as much milk??? the price of gold, even if im being generous and using the 2011 price per oz, was literally 35x what it was in 1965, whereas the price of milk is only about 8x what it was in 1965 *now* and was probably more like 6x in 2011!! which for the record was pretty much in line with the increase in minimum wage ($1.25 in 1965 vs $7.25 in 2011)!!! the economy has undoubtedly been terrible for most of the 21st century and is only getting worse but trying to use the price of a commodity that's seen wild fluctuation and genuinely insane levels of inflation since the late 60s as proof of that is like. what are we even doing here?? fucking economic calvinball, jesus christ
#sage talks#so sorry to all of the normal people who hate economics but i am an insane person. hence.
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