They were still subservient in the minds of most wizards, but they had established themselves as a vital part of wizarding society. Goblins were extremely clever and over the years had dealt with wizard-kind effectively.
Never mess with goblins, Harry." - Harry Potter and Rubeus Hagrid discussing goblins Run by goblins." Harry Potter: " Goblins?" Rubeus Hagrid: " Yeah - so yeh'd be mad ter try an' rob it, I'll tell yeh that. Harry Potter: " Wizards have banks?" Rubeus Hagrid: " Just the one. Goblins were considered to be inferior by many wizards, who foolishly believed that the goblins were comfortable with that arrangement. They were represented by the Goblin Liaison Office of the Department for the Regulation and Control of Magical Creatures in the British Ministry of Magic. Goblins had their type of magic and could do magic without a wand. Due to their skills with money and finances, they controlled the wizarding economy to a large extent and ran Gringotts Wizarding Bank. Goblins conversed in a language known as Gobbledegook, and were adept metalsmiths notable for their silverwork they even minted coins for wizarding currency.
Their diet consisted of meat, roots, and fungi. Goblins were a highly intelligent race of small magical humanoid beings with long fingers and feet that coexisted with the wizarding world. However, there is a belief among some goblins, and those at Gringotts are perhaps most prone to it, that wizards cannot be trusted in matters of gold and treasure, that they have no respect for goblin ownership." - Bill Weasley on the mindset of goblins There has been fault on both sides, I would never claim that wizards have been innocent. Dealings between wizards and goblins have been fraught for centuries. " We are talking about a different breed of being.
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