Muggle Studies experts really did understand finance.
One Gold Galleon could always be exchanged for 17 Silver Sickles, or 493 Bronze Knuts.
In the Muggle world, the prices of gold, silver, and copper were not all fixed.
When the price of silver fell below one-seventeenth of gold, buying silver ingots from Muggles and minting them into Silver Sickles could yield profits from the drop in silver prices.
The Wizarding World could maintain fixed currency exchange rates because the right to mint coins was not in wizards' hands.
But even with that ability, goblins could not harvest massive amounts of wealth at will.
Because Gringotts was a regulated, legitimate bank, and if anything went wrong, the Ministry of Magic would still cover for it.
Gold, silver, and copper did not come from the Muggle world either. Curse-breakers obtained them by excavating tombs and ancient sites.
What about Wizard Cards?
Faced with the presiding judge's question, Lucius remained exceptionally calm.
"Judge Bones, Wizard Cards are our shared enterprise. Naturally, we should be the ones to cover it."
It was only a little compensation. They had long prepared themselves for it.
"Six defendants, did any of you intend to profit through the card trading market?"
"Absolutely not."
"We wouldn't even dare think about it."
Old Crabbe and Old Goyle answered in succession.
Bones glanced at the jury. "Even if you lacked subjective intent, objectively, you did create a scam."
With no substantive evidence, the verdict could only be left for them to decide.
Old Flint looked utterly certain of victory, making Vincent frown at once.
There was no need to think about it. The jury composed of 51 Wizengamot members had definitely been bribed.
No organization could avoid having parasites, much less one that had long been riddled with holes.
Even Muggle anti-corruption