Why didn't Bilbo inform him that his cash technically had zero value?
Why didn't Bilbo inform him that his cash technically had zero value?
smaug just wanted to stop inflation
Because if that was actually true Bilbo wouldn't be there to steal shit and Smaug would think he was a retard
>Oh wise and majestic Smaug, I implore you as a Chartered Accountant to liquidate 30% of your luxury jewels and re-invest them in capital producing businesses. Inflation is slowly eroding the value of your majesties gold and precious stones, you would be wise to speak to a merchant elf about diversifying your current holdings, perhaps establishing a joint venture with the mining orcs who mine themselves from goo or someshit.
It has zero value for Smaug. If you have a vast amount of coins just sitting there and never being spent, then you actually have a vast amount of nothing.
Guess he just has a gold fetish.
Wrong you have a vast amount of coins.
This
A coin that is never spent is not a coin, it's just a worthless round piece of gold.
Yeah and dragons like gold.
He was obviously creating inflated value by restricting supply similar to the DeBeers diamond cartel