I’m very sceptical since the beginning of gold-silver arbitrage with the Muggle, I’m pretty sure it’ll be forbidden under the Statue of Secrecy. Interaction with Muggles are not taken lightly. And since you’ve to go through a goblin bank to get your gold minted, you could hardly do it in a stealthy way.
I suspect galleons are actually a fiat currency controlled by the minstry/goblins, who keep a very close eye on the amounts of Gold in private hands and limit how many new Galleons can be minted.
I’m very sceptical since the beginning of gold-silver arbitrage with the Muggle, I’m pretty sure it’ll be forbidden under the Statue of Secrecy. Interaction with Muggles are not taken lightly. And since you’ve to go through a goblin bank to get your gold minted, you could hardly do it in a stealthy way.
I suspect galleons are actually a fiat currency controlled by the minstry/goblins, who keep a very close eye on the amounts of Gold in private hands and limit how many new Galleons can be minted.