Current Financial Situation on the Market
Day 2,591, 09:54
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Published in Norway 
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by
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by Odinim
Welcome to the very first financial analysis by the governor of eNorway.
At the beginning of this month one could have sold 1 gold for 198 cc, or sold 166,7 cc for 1 gold, but then some oscillations appeared and those who acted quickly could make some profit. The currency went down and the highlight was when 1 gold was being sold for around 225 cc earlier this month. On the other hand, if you wanted to sell currency the price went from 166,7 cc to the current 200 cc for 1 gold.
I have been regularly monitoring the market and I have not noticed any major changes there these past days, and the currency have been stable. The gold price varies from ca. 214,5 to ca. 215,5 for 1 gold. And the currency price is strongly stable 200 cc for 1 gold.
The best profit awaits those who have put the currency on the market selling 200 cc per 1 gold, but here the patience is eminent.
For those who have more time, the profit is possible by buying the gold at 214,5 cc, and selling it when 215,5 cc. With thought that you can buy 10 gold units daily, this can bring you a profit of 10-20 cc on a daily basis.
My prognoses for this month is that there won't be any big changes on the market, if no significant wars appear, or some awesome black fridays which will make you spend your real money on this stupid game.
Wish you merry christmas and happy holidays!
God jul!
Sincerely yours,
MoF
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Comments
Good job, I see the the good and hard work you did. Sub + Vote!
Thanks mate! 🙂
Ne velat joni
I agree, well done mate! v+s
Its a good start, but what we actually need more is a sheet with information about what we spend and our income, some sort of a budget, not for saving money, but for control over how much we actually have, and use.
I will try make a review on that! 🙂
What Im asking for is not "one/a review" but a continues updated sheet, everytime we sign an MPP you will fill in 10 000 used, everytime we transfer money to be used for CO, you sign that. Have some kind of record of income, from renting out regions, to tax income, to prizes in competitions.
And it should be transfered to the next MoF, and after that, the next MoF and so forth. So we have a reliable records of our money.
That's all part of being a good MoF imo. But here in eNorway things are not that professional yet, mainly to a terrible lack of good people. We had one such applicant not that long ago, but he was down-voted. Hopefully in time we can get more professional.
Ne velat joni
We have spread sheets actually…..during my time as CP the MoF kept them updated, talk to Kaname or Akashaton.
That's a good start.
I agree with Taulen that there must me a regular update of our finances.
V+S
good article thanks for the update