Gold Equilavency

[Lord'sBelievers]

So.. I have 7,000 gold in reserves and make 150 per turn as the Hippus. How much is that in circulation, and how wealthy does it make the Hippus? The nation has 30,000,000 people...

If thats something like 700,000,000 dollars for a medieval time period, is that a HUGE fortune? I just wanna know... I'm curious about that.

 

[BugReportage]

Dunno... As Hyborem I was making 1000 gold a turn, I had +2000 research a turn and I was pumping out 300 hammers... All this with 1 city. But I guess I had over 10 billion population so I guess it's not a fair comparison...

Anyways as for equivilency. Just look at the stock market and treat each "gold" as 1 kg bar or whatever.

Apparently gold is 25 190.11 USD/1 kg right now but I believe because of the market problems this is why. It dropped over 700+ points from around 26 000/1 kg USD.

So if you have 7000 kg gold that's 25 190.11*7000= $176 330 770. so only 176 million or so.

A billion dollars of gold is 40 000 bars. Give or take a few thousand.

But since your currency is "medieval" the gold has a history and has "historical" value and may be worth more.

By the way your gold income in Civ is just what money the government makes, the national treasury.

 

[TheJopa]

I always wondered that on my history classes, in RL. They often thell stories about how one sold Dalmatia for few hundred thousands ducats, or paid that much denari or florints, but no one could say how much is that worth - few loafs of bread, few mansions, a standing army, an entire nation yearly tax income?

 

[BugReportage]

I believe unlike today, the currency itself had actual value. Made of actual gold, silver or other resource that was important. Thus these transactions were actual transactions of these resources. You could definitely google the currency you want to look into and see how much each coin weighed. Then you could compare that weight in the metric system to discover the value of the said coin in today's market.

For example a gold coin that weighs 10 grams would be .001 kg * 25 190.11= 25.19011

So that kind of gold coin would be worth 25 dollars. If that was a ducat then $250 000 was spent buying that land.

Inflation has no bearing on the currency because the coins themselves have ACTUAL value. Not like today's currency where we just carry bank statements everywhere with us in the form of bills. The coins are simply linked to the value of gold in the market.

 

[TheJopa]

Inflation has no bearing on the currency because the coins themselves have ACTUAL value. Not like today's currency where we just carry bank statements everywhere with us in the form of bills. The coins are simply linked to the value of gold in the market.

I understand, but coins were rarely pure, and despite everything gold value changed over time.

 

[MagisterCultuum]

Can't say how much Ducats or Florints were worth, but a Denarius was the "minimum wage" for full day's labor, and was enough to purchase a room and 3 meals at a modest inn.

 

[thewyrm]

Does the gold in your income represent actual hard currency? I thought it was just an abstracted representation of your entire economy. Including things like bartering goods, physical currency, debt collection, real estate, etc.

 

[MagisterCultuum]

Where there are civs following Mammon and the Stewards on Inequity, I imagine that Mortgage Backed Securities make up a large part of that "gold."

 

[Avahz Darkwood]

Bada Bada ~~~~BING~~~~

 

[Avahz Darkwood]

Lets say Armageddon happens today, gold will not be worth much. I am stocking up on Moonshine (ahem ethanol) and cigs (fags for you Brits ). A man will pay much to cover his vises (as long as you have a gun and a better aim than he does)...