Join the new world

Already have an account? Login



What is this?

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.

More gold? How does this effect us?

Day 1,347, 18:44 • Published in Australia

• by AugustusX

I am not much of an economist, and I have never written an economics report before, however there are no financial articles and I am stating my observations to fill in the emptiness. Please correct me if I am wrong.

With the admin's recent gold bonus being offered up, there are a lot of people who have gone out and bought a lot of gold. But what does this mean for us who didn't?

It means that there has been a large fiscal injection into the eAustralian economy, and in the world. This has a variety of impacts on us and the nation.

Firstly the price of gold will drop when offering AUD to buy it off the monetary market due to an influx of 'outside money' injecting into the economy with no loss of other funds. This is causing a concern of inflation with job wages rising rapidly too.

We have noticed that the price of gold had dropped in the recent hours, from 1 gold costing over 600+ AUD. Recently however the impacts are already showing, with 1 gold costing around 594 AUD. For those who have not bought gold this is a benefit to us in acquiring gold.

It also seems that the money is not leaking from the economy fast enough through purchasing of foreign currency or game mechanics to level out the importing of funds.

So get out and buy some gold with your AUD as it is costing less (from what I see)!!!

PLEASE to help me get a nice:

Cheers!

Flatty