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Why did the Ferengi suddenly stop valuing gold?

Deimos Anomaly

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In TNG to early DS9 they were lusting after it almost sexually.

Then, suddenly: "there's nothing here but worthless gold!"

What gives there... ideas?
 
Indeed. Money today isn't valuable because it can't be replicated - although the fact that it is expensive to replicate plays a minor role in its agreed-upon, arbitrarily established value.

When do the Ferengi show an interest in gold? In "The Last Outpost", where they encounter Federation Starfleet communicators for the first time - and may be mistakenly assuming that the reason these people wear gold on their chests is because there's latinum embedded within. And in "The Price", where they offer gold to primitives. Not particularly difficult to explain away IMHO.

Timo Saloniemi
 
The real answer is, it's series fiction and they refined their ideas as they went. If you're writing a novel and you get a new idea midway through, you can go back and rewrite the earlier parts, but if you're writing an ongoing series, then those earlier parts have already been released to the public and you're stuck with them. So you just retcon things and hope your audience will play along and accept that they've always been like that rather than nitpicking the hell out of every minor detail. Once they came up with the idea of gold-pressed latinum (which itself was slightly retconned, since it was originally supposed to be Gold Press latinum, but the actors kept mispronouncing it so they made the mispronunciation canonical), the logical consequence was that gold by itself wouldn't be as highly prized, so they dropped that earlier conceit.

It's hardly the only thing about the Ferengi that was retconned. Their "alien" body language in "The Last Outpost" was quickly dropped. And their makeup was redesigned after a few seasons to give them more pronounced cheekbones, yet this was never addressed or explained. Because it wasn't meant to be a change in-universe, just a refinement in how the creators of the fiction portrayed the universe.
 
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In TNG to early DS9 they were lusting after it almost sexually.

Then, suddenly: "there's nothing here but worthless gold!"

What gives there... ideas?

Easy. Whenever a character refers to "worthless gold", they were expecting to find something even more valuable, and were shocked and disappointed to find something valuable, but not nearly as much.

It's as if you were expecting to find a billion dollars, and found only ten thousand. Not literally worthless, but far less than you expected.
 
Easy. Whenever a character refers to "worthless gold", they were expecting to find something even more valuable, and were shocked and disappointed to find something valuable, but not nearly as much.
It would be like today, if you were smuggling something (cocaine?) inside valuable statues. But when you finally laid your hand on the statues the something was gone, they were empty.

You'd be stuck with the valuable statues, which would be worth a fraction of what was inside them.

:)
 
Realistically speaking, even aside from the replicator thing, there's no good reason why a space-based society would find any metal precious due to scarcity. It can be hard for us to extract certain metals from beneath the surface of the Earth, but mining just one fair-sized asteroid could give you thousands of times as much gold, platinum, or other precious metals as has ever been extracted from the Earth's crust (since much of the precious metal in the Earth's crust came from asteroid bombardment in the first place, so what's here is just a tiny fraction of what's out there). So by all rights, the concept of any metal being rare and precious would be obsolete in any spacegoing civilization, unless it were a stable transuranic element, or some difficult-to-create alloy like Damascus steel. Gold would be extremely common, and whatever value it had would be a function of its utility and beauty.

The kinds of minerals considered precious might be limited to those that could only form on planets with liquid water, like emeralds. Anything that could form in an asteroid belt would be exceedingly common. Although I can't even be sure of that, since some asteroids are part-icy and might've had liquid water at some point in their histories. Still, that suggests such gems wouldn't be that common even if they did sometimes form in asteroids.
 
Latinum, on the other hand, cannot be replicated.
Shame the writers never thought to mention that in an episode. It's not as if ot would have taken more than 5 seconds.

The fact that it has been widely inferred by fans shows why it never needed to be mentioned.

Realistically speaking, even aside from the replicator thing, there's no good reason why a space-based society would find any metal precious due to scarcity

I like the theory that the Federation deliberately created latinum to be unreplicatable in order to give the Ferengi a scarce metal on which to base their social customs. How considerate of them! (Rather than latinum being unreplicatable, it might be simpler to design all replicators so that they are unable to replicate that particular element, which would be possible if replicator tech is secret and wholly owned by the Federation.)
 
^Where has it ever been suggested that the Federation created latinum? That can't be the case, since Rom had a latinum tooth-sharpener when he was a child. Rom was born sometime in the 2330s, and the first formal UFP-Ferengi contact wasn't until 2364.
 
Replicators aren't secret to the UFP. The Cardassians have replicators. I'm sure the Romulans do, too. Well, reasonably sure the Romulans do.

And who said latinum was unreplicable?
 
And who said latinum was unreplicable?

That's the behind-the-scenes explanation for why it's valuable. I don't recall if it was ever mentioned onscreen, though it did turn up in the novel Balance of Power.

I know I once had some written document in my possession that gave an explanation for why its atomic structure was unreplicable (or rather, why any replicated latinum could be easily revealed as a counterfeit because of how replication altered its structure), and that was also the source of what I said before about it originally being called Gold Press latinum, but I can't find it now. Thinking back on it, it may have been a printout of some ancient Usenet post by one of the production staffers, possibly Mike Okuda.
 
Of note is the lack of references to latinum as a substance being valuable. Things of value include jewelry made of (gold-pressed?) latinum ("The Forsaken") and currency made of gold-pressed latinum (the bars, strips, slips and whatnot), but nowhere is it suggested that a bar of GPL melted down would be worth anything, nor that a brooch made of (gold-pressed?) latinum would.

For all we know, GPL is just a pretty substance out of which things of symbolic or aesthetic value can be conveniently constructed - a bit like plastic today, only valuable in the American Express form! And a brooch made of the stuff would be akin to a brooch made out of shredded hundred-dollar bills immersed in plexiglass: opulent but materially worthless.

Yes, yes, the exclamation "Worthless gold!" is prominent in "Who Mourns for Morn?" where the value of GPL is negated by Morn leeching all the latinum out of the gold matrix or casing - but when the latinum is found, it isn't necessarily indicated to have inherent value as such. It may be necessary to put it back in its golden cage before it again serves as a medium of exchange, hence Quark saying "that must be a hundred bricks' worth"...

Timo Saloniemi
 
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