The Soaring Price of Gold 9 (#4)
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by Jamie2721
The Soaring Price of Gold
This is an article which has the aim of trying to highlight the problems of the rising prices of gold has on eUK
Since I joined eUK in January of 2011, there has been a massive increase in the price of gold. At the time of writing, the price of gold has is 322GBP for 1 piece of gold. To put this in context, the price of gold was about 75 as recently as January.
Although market prices always vary, it is clear that the rising prices of gold is becoming a consistent trend and will not be fixed overnight.
The problem that these gold prices cause is that it makes the game unattractive to new players joining eUK. You can only really get a foothold in the game when you have one or two companies and companies cost gold. 10 gold and 1000 GBP to be precise.
Now imagine you are a new player. You have a daily wage of say 25GBP. If you were to save all of the 25GBP every day (without even considering food) it would take you 40 days to collect enough GBP to buy your first piece of land. By then a player will probably have just about earned 10 gold through medals such as hard worker. So to sum up, if you are a new player, it will take at least 40 days to save up for your first company
The problem I think this creates is that in my opinion people probably won’t want to play for 40 days before they can get anywhere in the game
Now of course this problem is not just contained to eUK, it is more frighteningly a global problem.
However, the global problem of a lack of new players is particularly effecting eUK. This can be best seen taking today as an example. There are 4116 new players to eRepublik but only 42 of them have joined eUK. This is compared to 158 in eCroatia, 180 in eMacedonia and 395 in eSerbia.
Now how many of these 42 will be persuaded to stay in eUK? Probably not many
The reasons of why this has happened is simple. changes to the playing structure of this game. Such as removing the gold bonuses to players for filling out questionnaires or watching adverts. Basically all the changes have taken away more and more gold from the economy. This pushes up the price of gold. Obviously the reason for doing this is to try and make more people buy gold from their real money as it is now more appealing.
The overall effect being experienced players can afford less gold to fight in wars and even worse new players can afford none without dipping into their pockets.
Despite the optimistic picture above I see no obvious solution to this rather major problem. It is extremely unlikely that the makers of eRepublik will reverse some of the changes they have made so it appears that the playing field may become more and more uneven between old and new, rich and poor.
When I first joined eRepublik there was a scheme put forward by the Jhorlin administration to keep the price of gold below 79GBP. This is almost comical when you look at the monetary market these days. The solution was nothing more than certain people putting large amounts of gold on sale for 79GBP. This was always destined for failure.
This is why we all need to think of a possible solution to try and contain the prices of gold before the game becomes so unlevel that one “normal” player can’t make any difference and the population of eUK plummets.
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Comments
first
There really isn't a good solution right now because one knows if Plato is creating currency from thin air.
If we knew he wasn't, the solution would be to buy up all the excess currency until company owners had to sell gold or buy gbp to purchase RMs or pay salaries. Right now, there is so much currency floating around that there is almost no upward pressure on the currency to hold its value.
Solid analysis, and you came pretty close in your conclusion. I should write an article on the subject...
You need to ask the question how people spend GBP.
The answer is simple WAR even TW wars need cash as players will try to better themselves.
Agreed you can fight for allies but not a lot of players like doing this they prefer to fight in the nations own battles that have a Natural Enemy Bonus.
It’s the word bonus that will do it every time, the mere fact of getting a little extra for your troubles makes people go that little bit extra.
Though sadly our Apathetic Congress and advisors are too embroiled in the forum with legislation articles and counter articles to even contemplate that there is a game to play.
The petty bickering and trolling on the forum doesn’t help matters even as one thing new players don’t want to see is rows going on all over the place.
I could go on and on but what’s the point they have their mind set and are too blinkered in their views to even take time out to see that the lack of even a training war with a Natural Enemy status for a good month is all that’s needed to jump start eUK and the Gold market.
Eno
From start there are 2 free land plots! 😉 Or maybe not? Country don`t know how much money are in system! And that is big problem!!!
There probably is Norris actually. But even with account to my error it probably will take about 20-30 days to raise enough gold. Still too long for most
Emergy nails it.
With admin liable to magic millions of currency out of thin air within seconds then linking it to a fixed and wasting asset like gold is not sustainable.
on the plus side it can only go as low as 1G = 9999GBP
eWorld and Real World both have the same problems! 🙂
Every currency has crashed, not just ours. I remember when our exchange rate was 37.5GBP:1 gold, and Russia's was like 20:1 I think at one point! That could have been a good investment, if you'd converted your roubles to gold and then back again now!
sub
The admins are trying to reduce the amount of gold ingame massively, this is why prices are rocketing. It's what they want to happen.
check my next articles, I have a nice solutions for living without gold 😉 I'll post the articles the next days 🙂
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