Join the new world

I'm going to a quick rundown of this in case this is a bit new to anyone. This is just part one of something I hope to be at least three parts. Most of all though, I would like to compile a list of links to post that explain how to use the Market and make Gold/Cash. Every article is welcome because not everyone explains the same. If you have written on how you use the Marketplace or know a great article about it or know someone else who already has a going list, PM me and I will post it so everyone can catch it.


Basic Buying



When you first pull up the Monetary Market page, you will see something like this, depending on where you are. This means that you are buying Gold (or another way of thinking about it is that you are trading your cash away for Gold). Always note the country that appears and make sure it's where you want to be.



When you look below you'll see those selling their gold. The image above means that you will be trading away $620 USD for every 1 Gold that you buy. Going back to basics, if you want to instead buy a small portion of that gold then yes, a little math is involved. For example, if you only want 0.33 Gold for the price above, how much will you pay? It's simple enough.

(amount of Gold to buy) x (cash price of 1 Gold) = (amount you pay)

Applied this means:

0.33 Gold x $620 = $204.60

You'll have to pay $204.60 for your 0.33 Gold. But say instead you want to know how much Gold you can buy for the $80.60 USD you have in your pocket. It's this simple:

(amount of cash you're spending) / (cash price of 1 Gold) = (amount of gold you will receive)

Applied this means:

$80.60 / $620 = 0.13 Gold

That means for your $80.60 you'll get 0.13 Gold.



Basic Selling

When you are ready to sell the gold you have, make sure you check the first page of the Monetary Market to know the going price and note what your own asking price will be. Then you click the button that says "Post New Offer" as seen below.



It will take you to an offer page to enter in your numbers. If you get a page that says:



Don't enter anything in yet. This page is to sell your cash. To change it to sell your Gold instead go back up to the top of the page and switch your icons by clicking the one with the flag and in the drop down menu presented, then click the Gold icon. It should change it to this:



And the page should now have this instea😛



This is where you want to enter how much of your Gold you wish to sell (where it says Gold) and the price per 1 Gold in the box before the letters USD. Now you have a choice to undersell the asking price on the current Market or sell it for a higher price. If you sell at a lower price, you have a better chance of your Gold selling quickly. If you post your Gold at a higher price it may take longer to sell if at all. If the Market does not go up and meet your high price and instead goes down then your Gold will not sell. Then again, it's also possible that Gold will rise higher than you expect and you will miss out on the top Market values. You never really know.






Part 2: Working the Market

Macros the "Black": The Concept of Companies