Ambient on/off
Join eRepublik

Down the Drain?

4 Day 1,321, 02:53 Japan Financial business Financial business
I see the Money Market price for gold is beginning to lower, is this because of the currency sinks the Admins have put in place or is this a random fluctuation or hiccup?

 
Report comments
 
roland_up
44
roland_up Day 1,321, 03:00

they are probably drive down by the Koreans who is trying to convert gold into JPY to buy products from Japan to sell it over there, because the babyboom seems to create a temporary shortage.

 
Johnnie Danger
28
Johnnie Danger Day 1,321, 03:08

makes sense

 
Vincent Garibaldi
30
Vincent Garibaldi Day 1,321, 05:23

We're converging a bit with other currencies a bit. Our currency went too low too fast, and our wages and prices went up too fast, so demand grew faster than supply. Also, I've been exporting most of our production, since we can sell for the same amount of currency swap it for gold and sell it for yen making more dough than otherwise. I'm not the only one. It was happening before SK, but that has certainly helped.

 
Johnnie Danger
28
Johnnie Danger Day 1,321, 10:04

excellent, that coupled with my plan to stay extremely poor is all coming together. /me rubs his hands together, menacingly.