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You are reading an article written by a citizen of eRepublik, an immersive multiplayer strategy game based on real life countries. Create your own character and help your country achieve its glory while establishing yourself as a war hero, renowned publisher or finance guru.

Interesting Economic Rule of the Day.

Day 1,830, 00:48 • Published in USA USA

• by Rolando Guerra

I was about to put some gold into the monetary market; gold that i had obtained from the 5 day reward for the Erepublik anniversary. At first I would have thought that the incoming flood of people gaining gold would have caused a price drop. simple rule right? increased supply generally lowers prices when demand stays the same.

But it appears I was wrong. the price had skyrocketed. I'm still trying to wrestle with the idea of how this happened. As of this writing the price for a bar of gold has hit some 415 gold when just hours or days ago I had seen the price at about 385-395 gold; give or take for the ones on the first page of the monetary market.

guess I'm a bit salty since I sold mine for about 398 bucks. My best move would be to sell the remaining gold I have for the inflated price and hope to buy some in a few days after this gold fever subsides.

-Rolando out

Comments

weezo1 Day 1,830, 01:19

That's because of the reduced price on both training and compagnies upgrade. People need the gold for the upgrade. Higher demand = higher value, simple rule right? 😉

Mr. Archer Day 1,830, 05:29

Wait a few more days. Once these promotions go away, it's going to rise back up to the high 400's.

Vijalob Day 1,842, 17:14

At least you sold, and didn't buy...buying on the monetary market always loses. But we need some sucker to do so so we can sell.

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