Why Can't Wizards Just Make MORE Money and Gold?
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- เผยแพร่เมื่อ 12 ก.ย. 2024
- Why Can't Wizards Just Make MORE Money and Gold? Find out in today's video!
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I always thought the reason the Wizarding World still uses gold as its primary currency instead of transitioning into fiat money is because gold has special properties that makes it immune to the effects of certain types of magic. Apart from the Philosopher's Stone that can transfigure other objects into gold, you likely cannot use a duplicating spell on a gold ingot or galleon, making the mineral an ideal safeguard against counterfeiting.
But in belletrixs vault she used duplicates on treasures, so why not just dup valuable things?
One thing that they probably do not know is that they can use magic to grow trees since that's where most paper comes from. Wizards and witches that specialize in Herbology and earth magic can use their magic for tree farming in the muggle world by making paper.
@@zbanul10 it eventually wears off.
disappears after a lil bit. her vault defence was to fill up and crush whoever came in then it would go away
@@JesseS. You forgot baking them on oven like temperatures.
I feel like one method to become rich in the Wizarding World would be to breed Occamys. Their egg shells are made of pure silver. Newt even gave Jacob the egg shells of his Occamy and they were enough for him to startup his bakery store. Just imagine a farm that breeds Occamys for their silver eggs. Such an enterprise could make one very wealthy.
I am assuming it would be an ethics issue though and also, really hard, because they are territorial and super aggressive.
This! 👍👍
Simple answer; because it would completely collapse the economy.
Besides the great example of post WWI Germany we’re so much money was printed it was devalued to the point of being used as wallpaper.
A similar thing happened in Spain much earlier. After Spain conquered much of Latin America so much gold was shipped back and added into the currency that it tanked the value of gold and almost collapsed the Spanish economy. What makes something hold a value in terms of currency is durability, malleability (ease in which it can be turned into hard currency) and lack of availability.
This was covered in the video when he talks about hyperinflation
Currently in the United States.
$7 for eggs.
galleon to pound rate lets u launder endless money by melting galleons into bullion then selling it to muggles then converting the muggle money back to galleons.
I'd have to assume the Ministry has some ability to control the money supply and there must be some anti-counterfeit charms and laws pertaining to Galleons, Sickles, and Knuts. We actually know Galleons have serial numbers because the fake Galleons the DA used were enchanted to be able have the date and time of the next meeting in the place of the serial numbers
I have often wondered how much gold there actually is in a single galleon? They surely cannot be 100% pure gold. The thing is gold is a very soft metal and in the past, especially in Britain during the Victorian era coin clipping was pretty rampant, as people would clip off the edges of their gold sovereigns. This debased the value of the coins but usually people were unsuspecting enough to not notice they were being paid with coins that have their edges removed, and the clippings would get sold off for extra profit. I imagine galleons must have charms placed on them to make them more durable and therefore immune to clipping with added safeguards in place if anyone tries to debase them.
I think the reason your molly and Arthur Weasley video does so well is that the movies shows the love they have for harry, even after the loss of their own child. I think this love makes people want to know more. By reading the books you see more, but for two people who are so wonderful and purposely made so different from Harry's aunt and uncle, I think the curiosity is strong to connect with them more.
Dude absolutely amazing artwork! Makes this video so entrancing! Please more videos like this!
Thank you! Will do!
This is a pretty neat idea for a video! Thanks for all your research buddy.
what if a wizard simply did things with magic and charged muggles as if they were done the muggle way? the house Dumbledore and Slughorn restore(not to mention the massive restoration work in Fantastic Beasts movies) would have cost tons of money to restore the muggle way.
Well it still dosent make sense why some wizard are poor, magic i so easy way to make money. Use it for Hunting, Fishing, create unique handiwork or put on knitting spell and sell to muggles, trade it for gold and give to goblins for galleons. Or just filter a trillions of tons of ocen water to filter out precious metals. or create gemstons. There is so many ways to make money, but still alot of people have no idea of it.
Harry’s ancestor and namesake made amazing potions and survived the witch-hunts while becoming wealthy because people thought it was just advanced medicine from the strange plants in his garden.
@@dannydethanos6994 Thats right and becouse that it should be easy to archive many things with magic. Even such things like construction, Drug traffic, selling common but useful potions
1 of the sacred alchemy laws is to not tempt yourselves into turning everything into gold
I think Flamel used the Philosopher's Stone to turn every known metal into gold to give to muggles and charity.
@@kryptonianpowers well your thinking is wrong 🤦🏻♂️🤦🏻♂️🤦🏻♂️he would’ve been killed for going against the laws
I'm saying this because of the book 7 plot convenience. Dumbledore hid the horcrux books in his office. Hermione did not know where the books are or what they looked like but she just said "accio horcrux books" and they came zooming to her. By that logic, couldn't you just say "accio gold/diamond/ gems/blackbeard's treasure and make bank?
You would have to hope their arent any anti-theft charms on whatever valuable you are trying to summon. I would reasonably believe that obviously you have to have in mind what exactly you want but also that it needs to exists within a set(unknown) distance as well as be free to move and not be blocked by obstacles. I want to say that he kept the books simply so they where not available to students, I doubt he would expect a student to know of them to even summon them.
@@Eons_away I agree. There is an Anti-Theft Charm, which is commonly used by wizards and witches who own shops and the charm is placed on everything that is buyable to keep it from being stolen from whomever without paying. So when somebody buys something from wherever, the spell is broken because it was legally bought and paid for, and is now owned by the buyer.
I always thought that there were laws that stopped wizards from conjuring or transfiguring money into existence. I also think it's hard to create food as most food is created from living matter.
Wouldn’t muggle money be secretly enchanted to prevent such a thing?
this!
Not just that, all bills and coins have their own unique codes on them to prevebt fraud. The bank will notice when the money all have the same numbers.
As someone who had always wondered that myself, I really appreciate you analyzing this!
It’s pretty much the same economic reasons we can’t just make more euros/dollars. Inflation. That’s all there is too it to be honest
Don’t forget that the galleons also have serial codes and probably some other marking that let goblins know if gold is a forgery (like real money).
Though, I DO like your idea for muggle/wizard money laundering. That genuinely sounds like something that would have “happened once” and resulted in goblin chaos.
You see what I wonder- Do witches and wizards has an X amount of times/number that they can multiple by. Because if not then the way to be rich is not that complicated. Also another idea- Gamp's law applies to wizarding Britain and Ireland, but it's not a global law and in France for example it could be they don't have such a law. So become a rich witch/wizard in a different country. Then move to the UK if you want with your already existing wealth. That is a breach in the weird laws. And when you talked about transfiguration I thought of stones-loafs of bread (Yes I know the mythological story).
And I definitely agree with your point about the Magical economy and that simply making gold out of thin air or transfiguring it out of something else would completely destroy it. So perhaps it's not that they can't create gold themselves but that It's illegal and they're told that they can it's kind of like how magical it in Britain and Simon Lee all of magical Europe believes that complex magic cannot be done without a wound yet we know that's not true because most of the magical world across the planet in fact does wandless magic. However the ministry of magic constantly reinforces this notion over the centuries most likely that Complex magic cannot be done without a wand. And now it has become a cemented belief and obviously that belief is only reinforced because it makes it easier to control the population and it makes it easier for the magical law enforcement to do their job since it can simply check a one to see the The recent spells that have been used, something that is probably far more difficult to do in the rest of the magical world.
Aren’t there alchemists in the wizarding world?
Dumbledore and Nicholas Flamel did alchemy together. Dumbledore’s Famous Wizard Card in Philosopher’s/Sorcerer’s Stone said that Dumbledore is known for “his work on alchemy with his partner, Nicholas Flamel”.
@@YellowBear-kx1ff I remember that.
Alchemist wouldn't be able to do much aside for make the gold for the coins. You would still need a goblin to make the coin itself.
And magic can’t create True love
True, so Love Potions create obsession rather than affection. This can be a discussion for Valentines Day.
The artwork in this video is absolutely beautiful.
Conjuration can make things out of thin air. But it’s easier to make base models of things instead of complex ones. And things conjured usually don’t last long. But I agree. I always found it odd that it can’t make food or money out of nothing.
Now I would make things like Food and precious metals/stones/minerals etc very difficult to make.
I like how they only ever show Galleons, never sickles or knuts lol
I had my own head canon about food and money.
As for food, I believed magic could make food but it wouldn't have nutritional value resulting to the said wizard still dying of starvation on magical fake food.
As for money, spells leave a magical trace something goblins would be able to identify. Resulting in the goblin rejecting the money as counterfeit.
The food thing makes no sense. Matter is matter, there is nothing special chemically and physically about matter that is nutritious to us.
@@carmensavu5122 empty calories in other words you can eat it but no nutritional value we already have foods like that
Probably the same reason People in The Pokemon Universe are not Ritch with using Meowths Payday all the time.
They know the difference between The Poke-Gold and The actual Gold same with this they know actual Gold from The Magically made variety.
Just my Theroy.
Respect and keep up the epic work.
Well actually they canonically do use meowths gold for money. In the games you get more money after using the move and in the manga and anime people use it to make money as well, although it took someone two years for their Meowth to make cruise tickets
@@mainemail5506 I did not know that but i think what i said about The Magic Gold still holds up but thanks for The Poke-Info 😃👍.
Thanks for answering this question I've been wondering it for years
Also the goblins probably put protective charms on them to prevent any tampering.
In the PC game Warcraft 3 all races (humans, orcs, night elves and undead) use the same currency in all of Azeroth, Northrend and Kalimdor.
The fanfic Methods of Rationality had Harry using exchange rates of gold and silver to give himself effectively infinite money.
Not sure that I agree that Voldemort achieved true immortality. I think of Immortality as god mode. Like, nothing kills you.
I've always assumed that the reasoning was very similar to why food can't be conjured from nothing.
I'm more curious where the Ministry of Magic gets it's money from? Since I've never seen any mention of taxation in the wizarding world
you forget that muggle money is serialized so the muggle bank would notice and you would come under investigation and possible arrested.
I liked the way the Magicians handled the subject. Most wizards owned the bank both wizard and muggle. lol.
Here's my idea to become rich. (Only works if I understood the duplication charm correctly.)
Make a single pastry of differing types, duplicate each one and sell the duplications. I can market the pastries as no calorie/fat free because it would disappear eventually and not cause any weight gain, therefore it would be popular and everyone would buy it. Instantly rich.
I was so mesmerized by these amazing illustrations! I loved the one of the baker and what seemed to be Dumbledore checking some gold. Also Harry among the galleons! WOW! I'm an artist but my drawings are terrible. Haha. I do admire people who have the dedication to draw and illustrate digitally! Very well done!
I thought it was AI generated cuz the them fingers… 😭
I'd wager there's some type of enchantment, probably a goblin enchantment that prevents duplication, and perhaps marks each coin in a unique way to discern the original from fakes.
Also, I wouldn't be surprised if there's an enchantment that reveals the location of anyone who tries to duplicate currency. Would sure dissuade anyone to try and duplicate currency if your location is revealed if you try, wouldn't it?
It's hard to justify why this wouldn't work. Magical worlds should have recognizable rules, even if they aren't the rules of our reality. And if it is true that magic can't create gold (except through the philosopher stone maybe), where did the wizard gold come from? From mundane gold mines? Does the wizarding world have that much of a connection to the mundane world? How do they even buy their houses if they are in or adjacent to wizarding areas? None of it makes sense because there is no worldbuilding associated with connections to the mundane world. When bad wizards do things that show up visibly in the mundane world, the mundane world would respond with air to ground hellfire missiles, not cowering in their homes hoping the good wizards win. Yes the wizards are hiding, but they're not hiding ENOUGH. You can do some considerable damage with wands but probably not as much as getting shot with a .50 machine gun or a helicopter gunship. To enjoy this stuff, you kind have to turn your brain off. Otherwise the child endangerment of Hogwarts would just bring you totally out of the fiction.
Maybe you haven't watched the movies recently but me preparing for Hogwarts Legacy when Harry goes to Bellatrix lestranges vault any item they touched replicated uncontrollably. These items were made of gold.
Creating money given what money actually is, should actually be very easy. Is just one of those case where just because you can does not means you should. Money can be anything that we attach value too and its not limited to gold. So you can not make gold then make something else sell that and you got money. Just make paper money that no one can tell the difference between it and the real deal.
If you can not make food then why not start with the ingredient only instead as that still considered food in it own right.
it's so easy to forget these are just J.K's creations and they can change anytime in a single book or tweet.
The wizard economy would be based on Gobline Gold, which, one could easily assume is an alloy not pure gold. And since wizards dont know the secretes of goblin metal working , its logical to assume that at some point in hystory they came to an agreement and Gringotts was built. Otherwise any first year student could hop on a broom, fly near a muggle gold mine and use the summoning Charm Accio and instantly be rich. This is also further supported with gobline philosophy on ownership. All money being used and housed in the banks of Gringotts belongs to the Goblines, they simple let Wizards use it in the buying and selling of goods and services.( But it all eventually comes back to them) ... Which if you think about it .. could indicate a Long drawn out plot by goblins after the great gobline rebelion / war . They have , or will in time essentually have wizard kind enslaved to them through their finacial superiority , the same as we are today to those who control our currency.
Which is I think what JK was implying when she created the goblines money system in her books and how they reflect the stereo type of our jewish bankers.
I say in the business sense, most wizards and witches (mostly British) are too lazy to work for money because some families whose wealth dates back to God knows how long ago believe that their money is completely everlasting and won't go bankrupt.
You can’t make food or money outright with magic, but if you actually are a miner, you could use magic to excavate an entire gold mine, or you can grow plants at a faster rate and NOT create them out of thin air. Magic has a causality to every spell and method.
I can see Goblings marking all the galeons with specific spells to identify if the coin is legit or not
Bruh this is one of the only questions I had!
I like the art your using for your videos Dean keep up the great work.
I just yesterday thought of this and now the video. Great job. This was my solution too. The conjuration of precious metals under earth is one of them of course.
Did anyone else notice his blue outro/intro glitch in and out?
I'm sure gold xan be made by magic, however like Dumbledore said. All magic leaves traces, and so whether it's conjured gold or tranfigured gold. Magicals would know its been created through magic. And while Transfiguration can be permanent, it can be easily undone through Untranfiguration. This Might be why gold created through the philosopher stone is the only exception because things alter through the philosopher's stone can't be undone with entrance regulation there'd have to be altered all over again by the philosopher stone in order to return to their original form or something else. Or since the philosopher's stone is simply so incredibly rare that there's only one in existence and only one man that knows how to create it they made an exception for gold created using it. So perhaps it's not so much that magic can't create gold but with a didn't money created through magic would not have any value. This is the only thing that I can think of that makes sense to JK Rowland saying magic can't create money because she's pretty much established that the magic in Harry Potter can literally do anything the only limitation is on the wizard or witch or other sentient magical being to figure out how to use matter to do what they want. After all Madrid can give one immortality or allow them to literally alter reality in a variety of ways at the most basic fundamental level I really don't see why critten gold would be difficult. Plus the term of money is so vague because can wizards not create gold would they be unable to create muggle money. It's like the limitation of not being able to create food out of thin air that seems to be the key fact that there wizard and witches may not be able to carry food out of thin air but I'm sure they would be able to create food using existing matter or using the molecules around them to create food.
Always had this question
I think wizards shops have some type of fake money detection object like the shop breach have spell that exposes the fake coins
This question is the equivalent of "why not just print more money?"
I mean if Aguamenti can create water, why not food?
A bank in modern times would have face recognition and know you had something to do with the exact amount of money missing from the bank to the amount you put in. I believe it would be best to add real money that won't disappear. So you could do a super large amount a few times, especially if you change your appearance.
But why can't you use magic to mine for gold and material? Of help you farm and sell that? Like wizards would run the world or be well off even if they're poor.
i mean u can always use the imperius curse to make wealthy muggles give u "donations" then falsify their memory to think they donated to a charity.
Which AI image maker do you use?
If that was a cake it will be a verry cool cake!!👍👍
This question triggers the wizard finance bros
"I haven't even watched the video yet, but I can tell you the answer, as gold silver and bronze are finite resources on planet Earth they cannot just create it without stealing it from someone, somewhere else, muggles? so therefore it MUST come from somewhere,thank you for paying attention,now I'm going to watch the video and listen to what our friend has to say.
It seems that magic still follows the laws of physics.
Nice job
You included a money laundering scheme in the video. That's awesome!
It would be cool to be a wizard as an HVAC Technician. I just cast “Reparo” when the home owner isn’t looking.
Does anyone else see the flashing or blinking effect
sorry i imported new transitions and they had a glitch, fixed for future videos
Look if they start making more gold nobody will value it, the currency is only valuable as long as the community deems it as such
It's true you can't make money with magic that doesn't mean you can't duplicate it with the gemino spell
Because infinite gold just makes all gold worthless. Like in that twilighty show about that zone.
Voldemort is on a entirely different level he was willing to do things other wizards wouldn't dare do for ethical reasons
Re'em farm, occamy eggs?
I thought wizards and witches could use magic to produce food. I thought this was a speciality of Hufflepuff.
Those were food charms. Charms only animate the utensils to chop, cook and etc. You need to have the ingredients already on hand.
@@ray101892 or at least in storage
Because all magic comes with a price, dearie.
Haven’t watched yet but I assume it’s the equivalent to counterfeit
Otherwise you could transform a handful of gravel into a handful of galleons.
What if you used magic to recreate the natural process that creates gold but at a faster rate? Would that count?
The one problem with duplicating money is the number on the bottom of the note is going to be the same every time instead of a unique
I think goblins knows that as a fact
Also, inflation.
Maybe its also like in Sabrina the Teenage Witch where magic will also account for the value of the money and if you try to duplicate a ten dollar note, its copies will shrink or turn into a lesser amount, just as when Sabrina attempted to use magic to make copies of her money.
If U duplicate a bill it will have the same numbers on both Bills.
Their money or gold must have some kind of spell or magical protection so wizards can’t copy it. And gold might be magical in general so it can’t be copied. Idk lol
Gold is only created from cataclysmic astrological events, no witch or wizard in Potter history would be powerful enough to make it.
I haven't read every Pottermore or wizarding world canon. I have only read the books and listen to Harry Potter lore in amazing channels like these and I find very odd that every host of the channels can't really find logic in the fact that wizards can't magically reproduce money or food . To me is makes total sense as it is known that nobody can recreate gold (or any precious metals or stones), the deed is 'humanly impossible'. One would think "but magic then?" And yeah, makes sense magic is more powerful than human inventions, BUT, I'll explain why it all makes sense to me.
First of all, magic is not a 'godlike' power that can recreate things at will; magic is the hability of a 'magic born human' to be able to manipulate some or most laws of physics and chemistry in a way that is advantageous (ex. Transfiguration, summoning objects out of thin air, expand spaces, concield spaces, enter into minds with ones mind ("mind reading"), making things dissapear, duplicate objects, temporarily change the physics of things (petrificus totalus), making things fly... You name it. It is all done in a specific way, if not, the charm or spell won't work in the desire manner. So it not at the will of the wizard, it is at the will of the laws of physics and chemistry, how a wizard is able to manipulate them in the correct way so the magic is able to work properly.
With this been said, and it is why, reproducing food or money is not possible by the Gamp's law. Because the principle is that, food is perishable and the duplication charm just makes a copy but is a superfluous copy, like, let's say, a hologram. And as Dean explained, transfiguration won't work, simply becase food is a good that is meant to provide life and health to the consumer. (Maybe, if you see this through logic, is possible to make a transfiguration or duplicating charm to food, but the results are bad for the person, and the altered food harms the consumer and it's why it has been prohibited by Camp).
And gold. Like Dean also said, wizarding money is like any other currency, that is illegal to reproduce without the permission of the ministry of magic and gringots. So it probably goes through examination, because it's made with goblin's metals and they recognize it right away if the metal is goblin's metal. This is this. But let's also add the fact that recreating gold isn't possible without the philosopher's stone, which was made by Nicolas Flamel.
So, yeah, if a wizard can't make gold with magic and has no philosopher's stone, then is imposible to enrich one self with fake gold becase it will have to go through the gringots' golblins verification and they will know is a fake.
The only way a wizard can be rich is either if they have a lot of gold and they sell it for galleons.
So it makes sense that if a wizard doesn't have a good salary, they can't duplicate money or food, becase magic also has its limits.
Same as magic can't bring people back after they die.
JK contradicts herself doesnt she. wasnt one of Hufflepuff's greatest abilities to create foods, desserts via food charms?
Were the majority of the images in the video AI-generated? If so, does copyright work the same as with human artists?
I think part of Gamp's laws are actual laws in acted by Wizarding governments.
This guy really googled wood cake.
well i did need the picture..it's not from google, it's original
Ai generated
I mean the reason is that JkR didn't think it trough for a children's story.
But maybe the reason is that trying to swindle Gobblins for money is considered moral taboo as something the lowliest of low petty criminals would do. It is unbecoming of a wizard, any wizard, so they just never think about how to get around the law to get more money. Instead, they rely on legitimate ways of earning money.
If wizards could just make money we'd have Wizard Inflation and nobody wants that.
Best way is maybe replicateing right it tht one spell u said thts pretty much replicateing it right if it's not tht spell there would have to be a spell but just like in the muggle world counterfeiting u would think there would be a way to counterfeit it I'm the wizard world cause they do I'm the muggle world
To obtain, something must be lost
I got one word, Inflation.
Didn't Germany and Zimbabwe try that and succeeded.
Who’s excited for Hogwarts Legacy next week?
I am already pre purchased it
@@liquidsleepgames3661 I pre-ordered it all the way back in either August or September
Looks awesome.
@@macwelch8599 I just know my computer will scream at me
@@liquidsleepgames3661 with the Howler at full volume 🤣
Voldemort *dies at 76* is immortal apparently
They can multiple money like bellatrix but it's illegal
My gf and her friends are die hard Potter fans. I asked them this once why didn't Ron make leaves into money and her friend told me that's not how magic works lol
Interesting
Can I donate to you with PayPal?
But there were a few times where Dumbledore conjured a chair out of thin air. So this was creating something out of nothing.
What does J.K Rowling know about MAGIC.
So basically, you've just tought us exactly how to defraud the wizarding world with muggle money 😂.
Inflation.
I always thought that replicating a gold coin 🪙 would cut its value in half, then copying either one would cut that too, while the other is the same. Transfiguration may not conjure things from nothingness, but I even thought of simply “turning” thin air itself into something would work. Magic in HP seems to follow the Law of Conservation of Mass. Nothing vanishes into oblivion, nothing goes to waste, and something can’t come from “nothing”.
🏞🏝🏜🗺🌏