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World Financial Group
WFG Banking
est. Day 1469

"Citizens cannot aquire more than 10 GOLD per day through Monetary Market and Donations. This citizen has already reached the maximum limit."

This is an update to an article I did a few months back on the 10 GOLD Rule and WFG Banking.

WFG Banking receives 10s of thousands of dollars a day in the form of Cash and Gold. Since the eRepublik has a 10 Gold donation day limit there are many times that investors are not able to open up a Gold CD by donating Gold. Many NEW investors find this frustrating.

I have actually found a way to work around this 10 GOLD rule and have been using it for a long time now with my existing customers with a lot of success. Let's break it down how to work around this rule.



Now GOLD has a CASH value according to the Monetary Market. This price goes up and down daily based on many different things. Now what WFG Banking does is takes Gold in the form of CASH based on the value of GOLD at that time of donation.

ie.

It's an extremely simple process. Here's an example of how it works. Let's use simple numbers for easier calculations.

Let's say Gold is equal to $2000 and you want to open a 10 GOLD CD. You would send me $20,000 in the place of 10 GOLD.

10 Gold X $2000 = $20,000

You would fill out the Transaction Page and send me $20,000 in cash for a GOLD CD.

I will treat the transaction as if you send me GOLD. You will earn interest on GOLD and not CASH. I mark it down as a GOLD CD.

I will also pay you back in CASH equal to the GOLD price at the time of maturity.

ie.

So if you buy a 10 GOLD CD today and Gold is worth $2000, you would send me $20,000. In 6 weeks GOLD is worth $3000. I would send you $3000 X GOLD CD maturity value.

So you will get the CASH X GOLD Value according to the price of GOLD on the Monetary Market.

The reason why I pay out in CASH is due to the fact that I can only acquire 10 Gold per day also, so it makes it very difficult for me to hold onto my gold when I'm continuously paying out gold to my investors.

It's a pretty simple process once you do it. I do this daily with my investors and have had only a few complaints, but once I explain this they don't mind.

QUESTION?

wouldn't this mean that if I invest CASH for a GOLD CD today then the price of gold drops and I get paid back in usd later then I could end up with less CASH than originally invested?

ANSWER

You might end up with less CASH, but it doesn't mean that you end up with less GOLD. Let's say I have 10 GOLD and I want to invest it in the bank in 10 GOLD CD, but the bank has reached the donation limit for that day. I exchange that gold for a price of $800 for 1 Gold. I get $8000, and transfer that money to the bank.

After 6 weeks my 10 GOLD has become 12.12 GOLD and I'm withdrawing that amount, but the gold price has fallen to $650 for 1 GOLD. I receive around $7875. It may look like I have ended up with less CASH than originally invested, but if I exchange back that money to gold for the same price of $650, I still get back the same 12.12 GOLD.

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Mr Andrews
WFG Banking CEO
WFG Banking
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