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Chapter 0057 Gringotts, Purchasing and Back to School

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On the last day of Christmas break, Ye Ting arrived at Gringotts Wizarding Bank, in Diagon Alley, early in the morning alone. He had to exchange a large amount of money for gold galleons.

In Gringotts, the exchange ratio between gold galleons and pounds was 1:5, and Ye Ting took out half a million dollars to exchange for galleons, which meant he could exchange it for almost 80,000 gold galleons.

Faced with such a large transaction, the young goblin at the counter obviously could not make a decision. He hurriedly shouted to a very old goblin, his face wrinkled like the peel of an orange, and his voice was shrill and astringent.

"I have never seen such a big exchange in my time working here since I was young." In the face of a $500,000 check, the old goblin burst out with a vigor that didn't match his age, money glinting in his eyes, "Are you sure you want all of it to be exchanged for gold galleons?"

"Of course." Ye Ting handed the check over impatiently.

When receiving the check, the old goblin's hand kept trembling. At that moment, he even gave birth to the idea of getting the check and disappearing immediately with an apparition.

Of course, he couldn't do that because before he could get rid of the trace and cash the check, Ye Ting could invalidate the check with one notice.

Sometimes, Ye Ting would feel surprised about the financial system of the magical world.

Although half a million dollars was a large sum of money in the Muggle world, it was only a drop in the bucket for the wealthy people, but for a wizard, half a million dollars – that is, 80,000 gold galleons – was equivalent to a large fortune.

Harry Potter's parents left him at most a few tens of thousands of gold galleons, but that's counting the property owned by James Potter as the heir to a pure-blood family in the wizarding world, and the Potter family is considered quite wealthy among pure-blood families.

That is to say, even the richest person in the wizarding world would be at the ordinary level of rich people in the muggle world, and the population in the wizarding world is far lower than in the muggle world. So, why has the wizarding world's economy not collapsed for so many years?

As long as any muggle child of a rich person becomes a wizard, then takes out 1 or 2 million pounds to convert into gold galleons and then spends it all, the entire wizarding world would experience serious inflation – he even suspected that the Gringotts could not hold so many gold galleons at all.

Of course, 1 or 2 million pounds in 1991 is worth a lot more than 1 or 2 million pounds twenty or thirty years later.

However, as Muggle productivity continued to increase, even if the Muggle currency kept depreciating, the wealth possessed by Muggles was still growing at a rate far beyond that of the wizarding world.

In another one or two decades, there would be many more wealthy people in the Muggle world who could exchange for over 1 million gold galleons in a single breath than there are now. The possibility of the wizarding world having a financial crisis as a result would be much greater at that time.

Nowadays, the finance of the wizarding world is normal. The biggest reason was because of concealment and closure.

After putting the check away, the old goblin tried to sell a vault of Gringotts to Ye Ting: "Dear Sir, you have a lot of wealth, but you can't really take all 80,000 gold galleons with you. I sincerely recommend buying a vault here at Gringotts. Gringotts can provide you with the safest and highest quality savings service. No one can take out a single knut from the vault except for you, and our interest rate is also higher than that of Muggle banks. The cheapest vault is only 500 galleons, and if you are willing to pay 10,000 galleons, your vault will be protected by our highest security — including a sphinx or fire dragon as an anti-theft measure…"

The old goblin rattled off numerous words. It's hard to imagine that goblin is old and looked ready to die.

Ye Ting couldn't stand the constant stream of sales. He doubted that if he doesn't shut this person up, this old goblin may even mention financial services, fund investment and so on, but he really does have a need to save his money somewhere, so he immediately agreed to spend 10,000 Galleons to buy the most expensive vault. Now his money is lying in the deepest part of Gringotts together with those oldest families of the wizarding world.

When he left Gringotts, Ye Ting got a dragon skin pouch containing five thousand gold galleons, a key to the vault, a personal seal, a checkbook of Gringotts, and a badge.

The checkbook and seal were used for large purchases, while the badge was a symbol of Gringotts's distinguished customers.

After arriving at Diagon Alley, Ye Ting was finally able to make a large amount of money as he wished, he bought a crucible made of platinum and goblin silverware (similar to the secret silver in Lord of the Rings, the material for Gryffindor's sword), and crucible that can folded and automatically stir, a platinum balance and telescope, several sets of crystal test tubes, a marble set of wizard's chess, a large quantity of various precious magical materials, and a large quantity of expensive cat food.

Even with the shrinking spell, his backpack was still packed to the brim.

Of course, he didn't buy any more books.

Hogwarts collection of books is certainly much more than "Flourish and Blotts".

Secondly, Ye Ting felt that most of the books he could buy had the chance of being given to him as gifts by his fan club, as far as he knows, his fan club has a public book list, and all the books given to him by the members of the fan club are entered into a list to avoid repeated gifts.

Third, most of the books written by wizards seem fancy and casual and lacks systematic and logic. Ye Ting is currently doing a job in addition to his studies, which is to systematically summarize wizard's knowledge by way of a thesis through the paper method of muggle scholars. The final result would probably be something like the Oxford Encyclopedia or the magical academic version of the Yongle Encyclopedia, the Sikh Quanshu, such a large work. With such writings in place, there was no need for him to collect so many books on wizards.

Finally, he went to Madam Malkin's and ordered seven sets of clothing according to the styles of the Chaldean uniforms in FGO, the Atlas uniforms, the polar Chaldean uniforms, etc., and then he ended his shopping

Sure enough, shopping is not just the hobby of girls, in fact, as long as there is an opportunity, boys will also enjoy the process.

Immediately after, he rushed to King's Cross station and stepped on the train to Hogwarts.

Of course, on the train, he had to coax the three girls who were angry because of missed communication. Fortunately, he sent "souvenirs", to Hermione is a beetle wrapped in an amber necklace, to Cho Chang is a pair of enamel earrings, and to Penelope is a gorgeous Fabergé egg.

The girls were fond of the shiny things, like dragons with a natural affinity for shiny things. Such gifts easily won their favor, the three girls were from fairly good families; otherwise they would not dare to accept such gifts. Then Ye Ting tactfully changed the topic of conversation to the Russian landscape, as well as the dissolution of the Soviet Union, which successfully aroused their interest.

After a pleasant train ride, they returned to Hogwarts.