Yes, but how many credits is that?

[Massively Locked]

http://www.cnn.com/2013/01/18/business/ ... -discovery

[PhantorGorth]

Re: Yes, but how many credits is that?
http://www.cnn.com/2013/01/18/business/ ... -discovery

Given the average price for gold in oolite is 37.2 Credits per Kg and that nugget weighs 5.5 Kgs then it would be around 204.6 Credits but as the article says that it might go for up to 30% more than it's gold price then that would be up to around 266 Credits.

[JazHaz]

Re: Yes, but how many credits is that?
http://www.cnn.com/2013/01/18/business/ ... -discovery

Given the average price for gold in oolite is 37.2 Credits per Kg and that nugget weighs 5.5 Kgs then it would be around 204.6 Credits but as the article says that it might go for up to 30% more than it's gold price then that would be up to around 266 Credits.

Seems cheap to me, considering that nugget is worth A$300,000 (£180,000).

That would make an exchange rate of around A$1,466.28/Cr or £879.77/Cr.

[Walbrigg]

Wheat currently goes for 792.5 cents per bushel, which is 317 dollars per tonne, which puts a credit at about a hundred dollars of current agricultural value.

Gold is 1688.1 dollars a troy ounce, which is 54,000 dollars a kilo, or about 500 credits based on the food price conversion.

So gold in Oolite has fallen in value by a bit over 90% relative to food compared to the present day - pretty much what you would expect to happen if asteroid mining works well.

[DaddyHoggy]

Wheat currently goes for 792.5 cents per bushel, which is 317 dollars per tonne, which puts a credit at about a hundred dollars of current agricultural value.

Gold is 1688.1 dollars a troy ounce, which is 54,000 dollars a kilo, or about 500 credits based on the food price conversion.

So gold in Oolite has fallen in value by a bit over 90% relative to food compared to the present day - pretty much what you would expect to happen if asteroid mining works well.

This has been discussed many times over the years - the classic error is that a TC is not a Ton(ne) - it is some special mass/volume designed specifically for space cannisters and their contents.

We're hoping that an Oolite kg is the same as a Earth RL(tm) kg - if we presume it is - then we need to think about what keeps RL(tm) prices high - and that's mainly control of supply, difficulty/cost of extraction, dual purpose (jewellery, electronics) and actual abundance of the material. Here on Earth it has been estimated there is 1000x as much gold dissolved in the world's oceans than has ever been mined.

Given the variety of planets in the Ooniverse, some are bound to be mostly ocean (as per the "unusual/fabled/pink descriptions), formed around stars with high concentrations of gold at creation and, if interstellar space flight is "the norm" then extraction from water (or even advanced mining techniques) should be relatively easy - therefore gold is abundant and therefore relatively "cheap" commodity (one could hypothesise)

[Specialist290]

the classic error is that a TC is not a Ton(ne) - it is some special mass/volume designed specifically for space cannisters and their contents.

That makes me wonder: What, exactly, are the dimensions and volume of an Oolite cargo container? I'm entertaining the notion that they're called 1-Ton(ne) Containers because they're designed to carry that mass of some specific substance that was used as the measuring standard, but to figure out what, exactly, they were designed around, you'd have to work backwards from the volume to find the density.

[Diziet Sma]

I'm entertaining the notion that they're called 1-Ton(ne) Containers because they're designed to carry that mass of some specific substance that was used as the measuring standard, but to figure out what, exactly, they were designed around, you'd have to work backwards from the volume to find the density.

I'm guessing it was a Tonne of feathers. Loosely packed.

[Eric Walch]

This has been discussed many times over the years - the classic error is that a TC is not a Ton(ne) - it is some special mass/volume designed specifically for space cannisters and their contents.

Another error is that people compare the ₢ with $ or € in size. It is more likely that the 1 ₢ is about 1000 €. 6 ₢ for a tonne food sounds to cheap, but 6000 € for a ton of food sounds already much better.

In continental Europe we calculate gold in € per kg . At the moment the value is around the 40 000 €/kg. That is than very close to the 37 ₢/kg in Oolite.

[Commander McLane]

This has been discussed many times over the years - the classic error is that a TC is not a Ton(ne) - it is some special mass/volume designed specifically for space cannisters and their contents.

Another error is that people compare the ₢ with $ or € in size. It is more likely that the 1 ₢ is about 1000 €. 6 ₢ for a tonne food sounds to cheap, but 6000 € for a ton of food sounds already much better.

But this makes of course the 2.4 ₢ that you're charged for a drink in a Seedy Space Bar outrageous.

[cim]

But this makes of course the 2.4 ₢ that you're charged for a drink in a Seedy Space Bar outrageous.

It was a pretty outrageous markup anyway, since you can sell them a TC for around 40-50 ₢, and you're presumably not consuming your entire weight in drink...

[Commander McLane]

But this makes of course the 2.4 ₢ that you're charged for a drink in a Seedy Space Bar outrageous.

It was a pretty outrageous markup anyway, since you can sell them a TC for around 40-50 ₢, and you're presumably not consuming your entire weight in drink...

Well, of course it was never so much about the drink itself as about the hot Fierce Black Horned Feline who serves it to you.

[maik]

But this makes of course the 2.4 ₢ that you're charged for a drink in a Seedy Space Bar outrageous.

It was a pretty outrageous markup anyway, since you can sell them a TC for around 40-50 ₢, and you're presumably not consuming your entire weight in drink...

Well, of course it was never so much about the drink itself as about the hot Fierce Black Horned Feline who serves it to you.

Which puts more emphasis on seedy than on bar

[Rorschachhamster]

And the prices in places like that... .. at least, I heard that.

[ZygoUgo]

*Blah*
I decided personally that the original volume/weight of cannisters was according to the kg weight/volume of platinum, as 1000kg of it makes up the tonne and is cannistered, so other products would just be according as to how much of it physically fits into this standardised and universally scoopable unit, each one being a 'ton'.
It also makes sense to me, what with the mention of asteroid mining, would that not be the first form of space trade, and then even more likely that platinum would form the bench mark?
And thirdly, platinum as loaded by the tonne would form a manageably sized cannister allowing for scoops to be fitted to most vessels of a reasonable size.
*Blah*

[Commander McLane]

What, exactly, are the dimensions and volume of an Oolite cargo container?

Well, the core Oolite cargo container has the shape of a regular pentagon with a side length of 3.6m and a depth of 9.6m. This gives it a total volume of 3.6^2 * 1.720477400588967 square meters * 9.6m = 214.054916271676949 cubic meters, which is more than three times the volume of a standard 40 ft container (67 cubic meters).

Which makes the assumption below rather doubtful:

I decided personally that the original volume/weight of cannisters was according to the kg weight/volume of platinum, as 1000kg of it makes up the tonne and is cannistered, so other products would just be according as to how much of it physically fits into this standardised and universally scoopable unit, each one being a 'ton'.

(Obvious disclaimer: sizes make as much sense in Oolite as weights: none at all; so the point is rather academic.)