Strongest Hammer God novel Chapter 317

Four days later, Kyle met with team Sandstorm again.

Everyone had advanced to the Mid Second Realm by now.

"I need time to recreate my golems," Lily said.

"I would like to study some new Spells," Michael said.

"I want to learn new techniques," Falk said.

"I also have stuff to do," Selene said.

"Alright, I also have stuff to do," Kyle said. "Let's take a break to work on our individual abilities. How do three weeks sound?"

Everyone agreed, and moments later, they dispersed.

Lily went back to mining in the now Earth Elemental-free mine.

Since Kyle didn't have the time to refine the ore, he asked a different company to do it.

His profits took a heavy hit, but he was still making a profit without doing anything.

Then, he went back to reading the dry encyclopedia again.

Eventually, he managed to finish the last edition.

"Okay, I'm done," Kyle said. "What now?"

"Now, you think," Theodor said. "You have seen how economics has evolved over the past 800 years in great detail. How will commerce change in the future? What trends will most likely occur? What will the future prices of goods be like?"

Kyle became silent as he thought back to everything he had read.

There was a definitive trend in a couple of things, and these trends were actually counterintuitive.

For example, the Forthing Family was harvesting more and more ore, increasing the supply of ore drastically.

Because of that, the prices of ores were falling.

Yet, throughout history, people who held their wealth in ore actually tended to profit more than people who sold their ore.

Logically, the increasing supply of ore would make the prices drop.

The demand was rising as well, but not as quickly as the supply.

However, for some reason, all kinds of coincidences happened that increased the price of ore drastically.

If one only looked at the past 20 years, one would see a downward trend in ore prices.

Kyle had already felt that drop himself.

His ore was slowly losing value.

"The ore price is a mass hallucination," Kyle said.

"That is an interesting way of putting it, but not inaccurate," Theodor said.

"People look at the current development and believe that it will fall. That motivates them to sell their ore, further increasing supply, which drops the price even more."

"The current ore prices are inaccurate. Ore is highly undervalued."

"Correct," Theodor said. "Any other trends you can see?"

"Services are overvalued," Kyle said.

"Why? " Theodor asked.

"Because they are trendy," Kyle said. "Everyone is all about services. It is easy to make money by providing a service, but the prices of services are too high. Everyone thinks that services are the future, which is why everyone is offering more and more services."

"Services are valuable, but their current exaggerated value only exists because people believe services are the future."

"It is hype."

"Possible," Theodor said. "Now, what should you ask for and what should you offer in the negotiations in three weeks?"

"Best case," Kyle said, "we will be offering the services, and they should pay us in ore, but that won't be possible. After all, they are the ones offering us services. We should keep the services to a minimum."

Kyle looked with uncertainty forward.

"In fact, it feels like we shouldn't work with them at all. At least, not in a big business agreement."

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