Shortage of high-end diamonds causes Koborg to up the gold price

Shortage of high-end diamonds causes the Queen to up the gold price, and very wisely, thus increasing gold purchases which initiated chain reaction of upping the gold prices worldwide.

Koborg Bank and its Corporation, owned by the Queen, has been adhering to a specific formula for gold management where most (unspecified) of its gold is purchased with cut diamonds of more than 1 carat in weight, whereas most of the gold acquired for the Attland's national government is purchased with preferential barter privileges from Attland's gold producers. See gold prices in the Reference section on top right.

How the Royal bank rakes in the money

I read the news and still have the picture of world economies in depression and stock markets in shambles. Here in Attland I have hard time relating to these news, since the national economy is growing according to a controlled, braked speed.

The situation is undeniable rosy at the Koborg Corporation and its Koborg Bank. Ever since the Queen divested Koborg of broadcasting and oil production, and privatized completely the corporation, she has used a very conservative management strategy. The Koborg Bank is famous for an extremely minimal involvement in stock markets. The Queen employs teams of experts in NYC, London, Tokyo, at the Koborg Bank headquarters right outside and east of Kingstad, and at her palace's business offices, and these teams are the ones that keep steering the Koborg's corporate and banking investments in options, futures and forex trading.

There isn't much to be made in forex now, given the average investor's lack of information on real-time trends of major currencies. However, given the combined expertise of the Queen's teams, and the amassed volume of US Dollars, euro, Swiss frank, yen, and lively gold trade she still manages to come out making profit, during these very times when the leading billionaires and investment gurus (Warren Buffet) are losing money.

Another indication is the scores of foreign bankers and investment managers who have come to Miklasgard, almost cold turkey, to cajole anyone at Koborg to entertain the idea of investing in yet another short or long opportunity.

Koborg Bank, meanwhile, does not budge from the business formula that the Queen has developed since her space trip. The Bank deals only in underwriting, insuring, and managing bond issues, options, and, most lucratively, insuring central bank deposits of many countries (which is an uncomfortable competition to the IMF and World Bank), as well as retirement funds.

The Government authorizes the issue of a one tenth of a Darling coin

In the previous post I myself did not understand how a price of coffee could be 0.7D, when there was only 0.5 and 0.25 coins around. I guess the royal Koborg Bank knew something and in advance authorized debiting pre-paid consumer and fuel cards in 0.1 D increments. Today's news makes it official.

I also was wondering about the price of gold interest that accumulated in thirds of darlings and crowns.

Today the government ordered its mint in Waldihask to start issuing a coin equivalent to one tenth( Dijm, pronounced like we say cream in Alabama), a third (Threidling, 1/30 of Darling) and a penny (Feonling) of a Darling. Up until now the smallest denomination coin has been a quarter of a darling.

I am already hearing gripes about the Threidling. But it is necessary, since the fractions have been accumulating on paper and haven't been capable of being paid out in cash.

See national currency chart here

All coins smaller than 1 darling are minted using the one-step high-temperature and pressure alloy strike process, wherein the proprietary mixture of nickel, copper, zinc and other metals are molecularly embedded into the major metal, making the allow resemble gold.

Since the Royal gold crown has proved to be the optimal in unit weight and value, the Government has excluded itslef from minting its own equivalents of the gold crown. To remind everyone, the crown name has no connection to other monetary units bearing the same name. The Attland's gold crown bears no image resembling a crown. The source of the name is in the crown coin being an equivalent of a 1/12 of the Queen's Gold Tiara weight (a pound, or 453.59 grams), a historical and official standard.

The Government, however, has a natural right to mint denominations in Darlings, that is 50 D and below. 100D is not minted or printed due to being denominated as a gold Tithe coin only (see below).
So far we have to buy those fashionable money pouches to carry the hefty load of 8 brass and nickel darling fractional coins, and special pouch wallets for the gold crown fractions.

This describes the Attland's currency denominations, according to the Royal gold price fix:

gold crown 1 37.799167 grams today $1,226.00, coin only
Threeden 2/3 25.19957066389 $817.37 coin only
Half 0.5 18.8995835 $613.00 coin only
Third 1 / 3 12.5984623611 $408.63 coin only
Forth 1 / 4 9.44979175 $306.50 coin only
Tithe 0.1 3.7799167 $122.60 coin only
Twelfth 1 / 12 3.14993058333333 $102.17 gold-in-silver bimetallic coin only

Darling

50 $61.30 government and Royal bill
25 $30.65 government and Royal bill
10 $12.26 government and Royal bill
5 $6.13 government bills and Royal coin
2 $2.45 government and Royal coin
1 $1.23 government and Royal coin
Half D $0.61 government and Royal coin
Quarter D $0.31 government and Royal coin
Dijm (1/10 Darling) $0.1226 government coin
Threidling (1/300 Darling) $0.037 government coin
Feonling (1/100 Darling) $0.01 government coin

Plane trip is a good way to gage economy

I knew that for the last year that I was gone from Attland, or Hlannska, the country was still experiencing a barely restrained growth. Despite the monetary measures and the gold standard, the economy is growing and drawing huge numbers of foreigners from most of the world that is already concerned with a possible recession.

On the flight from Memphis to Miklasgard there were mostly Americans on the way to jobs or business meetings in Attland. There were a couple of advertizing executives openly discussing the custom car industry and advertizing of Attland's revived US 70's models back in the US. There were probably a dozen of welders or rigging workers on the way to finish a super gas-oil rig off the coast of Newstad. A diamond and gold trader was discussing exporting Attland's diamonds and bringing in gold.

There was a man that actually was on the way to offer the services of his company that would recover diamonds from the coals rejects lining Attands's railroad beds and roadside shoulders.