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The Monetary Market is used to exchange gold for local currency and vice versa. This feature is unlocked once you reach Level 15 (175 XP). This can be found by going to the Market tab and clicking Monetary Market. You can exchange up to 10 gold per day. For a complete list of guides, look at this article or go directly to Orientation on the Wiki.



Buying

When you first click on the market, you see the offers avaliable for buying gold with your currency. Note that if you have activated your safety pin number, you will need to use that, so don't forget what that number is! Write it down somewhere so you won't have to guess later. You have several options for buying: You can buy gold with local currency, local currency with gold, or local currency with other currencies of the world. Type in the amount of what you want to buy, and click the buy button (you must have enough money or the transaction will not proceed, and you cannot buy more than 10 gold worth of money at a time, as previously stated). Sometimes, due to bugs, it will say that "Possible exploit detected. The transaction has been stopped." If this happens, click "Show My Offers" and then click "Show All Offers" and it should work.

Selling

Buying is best used when you need something immediately. It is better value if you sell money, although this might take a while to sell everything you want to. To sell, click "Post New Offer" and choose what you want to sell (gold or currency) and for how much. In the eUK, and in many countries, the offer for currency to gold is usually around 1 Currency = 0.001 gold. The gold to currency ratio varies a lot. While you can post more than 10 gold of money at one time, only 10 gold can be bought per day. If all your offer is not bought within 5 days, the offer will be put off the market and the remaining money will go back to your account.

Speculating

Speculating is the term used when someone uses the monetary market to make a profit. This can be risky, so it should only be advised to those that know what they are doing. This is usally done by someone posting an offer (ex: 2 Gold at 1 Gold = 1150 GBP), and then selling the currency from that purchase for gold (2300 GBP at 1 GBP = 0.001 Gold). In this example, the person gained a profit of 0.3 Gold or 300 GBP.

While the currency to gold ratio is usually constant, gold to currency changes frequently. Because of that instability, another form of specultation. This is when a person buys an offer (1 Gold = 1050 GBP) and then posts a new offer of 1 Gold = 1150. The person will make a profit of 100 GBP per gold. However, instability makes this risky, as the price might go down and the person might not be able to sell and therefore will lose money.

A final form of speculation is when there are two offers, for example, 1 Gold = 950 GBP and 1 GBP = 0.001. The person will buy both these offers, and gain a profit automatically, since they will gain 50 GBP per gold. However, since this is a win-win situation for speculators, it is very rare to find these offers.