Really if the Ferengi were such economic geniuses they would have moved to a fiat currency long long ago.Īdditional questions might include the nature of interest in the 24th century, fractional reserve banking and if banks operate on a planetary, sector or larger scales. If the value of money is tied to a metal it is unrealistic and naive to expect that the absolute quantity of such a material will increase at a rate equal to natural population growth. The various gold rushes were fortunately timed and even then gold backed economonies where notoriously volitile. (C) How are problems of liquidity solved in galatic commerce? Several times during the 19th century the money supply both in the United States and world wide were in danger of severe constriction. ![]() Ferengi, such as Quark (Armin Shimerman), were taught to. While it can be frozen or mixed with other substances to. However, the substance is actually most commonly found in a liquid state. Such crystals typically formed near pockets of nickel, iron, pergium, or cobalt. Latinum may look to be a sci-fi simulation of bars of gold. Already in the first decade of this century you can easily survive without any cash on your person what so ever. A gold-pressed latinum brick from the science-fiction sequel series Star Trek: Deep Space Nine. Latinum was found naturally in the form of crystals which can be mined. (B) Why is latinum itself used as money and not a proxy? Slips, bars and bricks all add up in terms weight and volume very quickly even for minor purchases. (A) Who mints and determines the standard format and quantity of latinum in circulation at any given time? The problems of latinum are by and large the same ones associated with with gold. In short, however mundane this may sound, it would seem to come from mining.There is no rational reason we should ever see latinum used as currency, especially in non-illicit transactions. Star Trek: Armada II depicts the natural form of latinum occurring in sparse nebulae in a form that can be harvested. There is also a mention in the Apocrypha appendix of the Memory Alpha entry: ( DS9 novel: Devil in the Sky TNG - The Lost EraĪ large amount of latinum supposedly exists underground onįerenginar.( DS9 reference: Legends of the Ferengi) Group of Horta discovered deposits of latinum on Baraddo, Bajor's As discovered in the sixth season Episode. With many minerals and materials, including latinum. tnlatinum Latinum the ultimate Ferengi currency in the Star Trek universe. Of the Maxia Zeta star system were discovered to be richly endowed ( DS9 novel: Devil in the Sky)Ī Federation survey of the Davon system sometime before 2348 found Such crystals typically formed near pockets of nickel, iron, Latinum was found naturally in the form of crystals which can be Regarding its sources, some info comes from licensed but non-canon works, summarized in the relevant Memory Beta entry: Latinum was a rare silver-colored liquid metalĪFAIK, neither its exact nature (and why it cannot be replicated) nor its sources are mentioned in the canon works (this seems to be the consensus of a relevant Reddit thread, too), and arguably this is the reason why such info is not included in Memory Alpha. Worker using an antigrav lift stood beside it, cranking the box’s topīack to reveal a load of raw, unprocessed latinum.Īctually, the Memory Alpha entry (already suggested in the comments) does say what it is, although only at a very superficial level: A gigantic gray box stood in the middle of the cargo bay. Peeking around the side of the vat, Jake looked to where his friend It needs to be smelted and processed to remove the impurities and turn it into its pure liquid form. Raw latinum metal is apparently solid, not liquid. In the early morning hours, latinum mining king Squeeb, son of Been, was hauled from the flaming wreckage of his skimmer by two members of his private medical staff.Though suffering from various injuries, Squeeb is expected to make a full recovery. Where inĪpparently there are deposits on Ferenginar itself. You to find the main deposit for us." Moon? Ttan wondered. We have found traces of latinum on this level. "As you may have already guessed," Gul Mavek said, "Davonia is a What could you want with latinum Sloan observed him without passion or pity. Whatever else it had been programmed for. Together into ingots of pure latinurn or rhodinium or carbonire or ![]() ![]() The gravel was reduced to its composite minerals, then put back Quite like this before, but she knew the general principle. Waves-probably a smelting furnace, Ttan thought. Which carried it into an immense box that radiated heat in ![]() Huge robot-driven bulldozers shoveled the gravel onto a conveyor belt, It's mined and refined on-site on various moons and planets, then sent to Ferenginar (or wherever) to be minted into currency
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