Credit Currency Is Needed

"I've already sent the Dragons the documents on how the Futures Market should operate. It's actually similar to the Stock Exchange and Bond Market, so they'll get the hang of it quickly. There's no need to overthink it."

Roger said with a chuckle, "Honestly, compared to that, having them prepare to establish a Gold Market and issue paper currency is much more difficult."

"A Gold Market? Paper currency?" The Magic Goddess found it hard to understand. "Are you really going to do this? Weren't you just fooling those Dragons before?"

"Why would I fool the Dragons? Everything I told the Dragons was true."

Roger was instead somewhat surprised. "As Magitech Industrialization develops, there will be fewer and fewer gold, silver, and copper coins available, and eventually that will limit the development of Magitech Industrialization."

"Why is Magitech Industry developing so quickly now? It's because so many nobles like to store ever greater quantities of gold, silver, copper, and other currencies in their castles for generations."

"For those nobles, hoarding gold, silver, copper, and other precious-metal currencies is extremely valuable, because these precious metals are very rare, which means they will always retain their value."

"One could say that, aside from buying more land, these precious-metal currencies are the most valuable things to traditional nobles."

"The emergence of high-yield grain varieties caused land prices to fall. It had become nearly impossible for them to recoup land costs through growing grain."

"Thus, they would choose other forms of investment, such as putting their money into the Stock Exchange and Securities Exchange."

"Or investing in workshops and factories."

"At that point, all those precious-metal currencies—gold, silver, copper coins, and the like—in their warehouses would be brought out. That was why there were still relatively many precious-metal currencies on the market now."

"With more