Gold Inflation in the New economy
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by Crumoet
It has become apparent that the new economy has changed the way we think about the economy. When I was young and and new to the game I remember seeing gold cost 50 Zar. I worked for months in order to save up enough money to buy some gold. I recall fighting too much when I didn't know any better and it took me close to a week to get my wellness back up to a decent level.
Flash forward to Day 1266
Cheapest gold on the Monetary Market is at 297 zar and there is all of 5 Gold available on our Market http://www.erepublik.com/en/exchange unless you want to pay 500 zar to the gold?
I am horrified that selling Zar has dropped all the way down to .004 http://www.erepublik.com/en/exchange#buy_currencies=51;sell_currencies=62;page=1
The introduction of the Worker Manager and the changing of the productivity formulas has meant that business owners are able to make much more currency than they could before and the result has been that the market has plummeted.
So how do we fix this problem? I was chatting on IRC and it was suggested that once Orgs are removed there will be a massive influx of gold into the game and that this would fix the problem. I personally think that people will just use the gold to tank with or buy more companies and the person looking to buy gold will be stuck with the high rates that we currently see.
I am not sure I know how to fix the problem but I do have an idea... when we had the special missions and the extra food fights the markets seemed to battle to keep up for the first time in a long while. Perhaps increasing the food ability back to 500 would help.You could also limit the number of companies managers are allowed to work to the current 300 so there would not be an increase in production linked to the extra food fights. This would also mean increased usage in battles and bigger battles mean that big players spend gold tanking so even Admin would win on this option.As goods would no longer be clogging up the market prices would increase as well and make business a bit more profitable.
Lets see if the resource changes that we are waiting for make things better.... Otherwise my poor e-children may need to buy their gold at 1000 zar each...
Cheers
Crumoet
P.S Any gold donations can be made to http://www.erepublik.com/en/citizen/profile/2057705
This will go towards the poor penguin tanking fund!
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What the admins need to realise is that you can't make one change, then 10 others to try and counteract the negative consequences of the change. If they want to correct the problems, go to the source which has caused this. There are clearly problems with manager workers so why not fix that instead what they are doing at the moment which is clearly failing. Same with the other causes...
I agree Bobady zoo but the people who have bought gold and upgraded companies are admins top customers and so removing the ability would seriously upset them so I don't think it will happen. Thats why I thought a compromise on increasing food fights and limiting the manager/worker somewhat might work out...
Crumoet: a window of time in which you can sell back companies and upgrades at full instead of half price would fix the angry customer problem.
^ I like that idea but some guys have like 50 or 60 companies and from my experience Admin would rather fiddle again than refund unless they really have to. Orgs were supposed to be removed like months ago and they only cost 5 gold each.... What about a Q5 company?
The main problem is the overproduction.
Plato buy goods from the market and push ZAR into the economy.
That is the main problem. All of the currencies are devaluated, falling.
If Plato not buy, we cannot sell (all of) our goods, because the market is smaller than production.
The antifake rules (10 Gold/day) reduced the gold inflow. Too few gold in the game - too much local currencies.
It is good ... if somebody buy the gold. It is good the Erepublik company.
Remember the half price company upgrade action? It was just after when the "Plato buying bot" has started. Everybody kept the local currencies.. no gold ... except if you buy some..
It is a well-known problem in the bigger countries (wider market, faster reaction).
Cannot solve the problem if Plato will remove orgs. It is a one-time injection.
Cannot solve the problem if Plato will introduce the limited storage and you can extend it by a local currency.
It is not Plato's interest.
He need IRL money. That is why the gold will be so stronger.
What is the possible solution?
We have to prepare live without gold.
- do not burn gold, use smaller booster, or not use booster
- change your income immediately to gold while the ZAR have any value..
- do not buy nor upgrade your companies
- do not buy field. (change ZAR to gold)
- we have to start the existing higher Q companies, have to produce cheaper goods to reduce the gold outflow.
- we need NE, and training war to increase the citizen's consumption. (remember: while under the last Brazil war - the ZAR temporary was stronger).
Two things
@Crumoet - They also had that change to the strength system which saw your previously gained strength become worth far less. Obviously some type of compensation will need to be offered but we cannot continue on this curve (imo)
"- we need NE, and training war to increase the citizen's consumption. (remember: while under the last Brazil war - the ZAR temporary was stronger). "
Our currency is as strong as any other. USA which has constant wars is at 0.003, so war really has little effect. Most countries currencies are at 0.003 or 0.004
I think that when they make the changes which were supposed to come in on day 1250 we may see some improvements. I am not saying I have all the answers just some suggestions. Good to see some healthy debate though. Just hope whatever changes they eventually make don't end up causing players to leave. Shall we just take the standard eSa policy and blame Belea?
V+S Great article!
voted
I love manager working. I do it. I plan on having a lot more companies and become totally self sufficient in food (done) and weapon (working on). Is it bad for the economy? I do not care.
Is it good for eSA? Yes it is. One more people who can fight/train constantly. I even produce some extra which is then given to other so that they can fight too.
I think even upgrades and companies should be for ZAR and not gold. Gold should be solely used to tank and booster. That way at least we can burn some local currency.
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