Turn Gold into more GOLD!
Vladislaus Dragula
This is issue two of my newspaper and as promised, I am here to tell the average citizen how to make some extra cash with just one gold. Some of you might be skeptical but within 3 hours I was able to make 30 USD with only 1 gold. This might seem a little confusing for some, but I will try and do my best to explain.
Monetary market.
If you have checked recently the price of gold is roughly 61.5 USD and the price of USD is 0.017 gold. If you do the math you will find that these exchange rates are very similar to each other in value. This fact is true in the US but it is not true in other countries around the world. For my example I am going to use France, but other nations markets will also do if they are similar to France’s.
In France the price of gold is roughly 98 FRF for 1 gold, but it is only 0.014 gold for 1 FRF. What does this mean? It means that you can sell 1 gold for 98 FRF and you can then sell that 98 FRF for 1.372 gold.
Formula:
1 gold costs 98 FRF
1 FRF costs 0.014gold
98 FRF * 0.014 gold= 1.372 gold
This may not seem like much but if you do it over and over again you can make a small fortune within a day. Warning: Market conditions can change and this opportunity may disappear or it might become even more profitable. Also this can be done in other markets that have similar exchange rates. I am not responsible for you losing money if you attempt this.
Side note: yesterday 1FRF was 0.013 gold. That means yesterday you could make
99 FRF * 0.013 gold= 1.287 gold
So day to day profits will vary.
Many people of you seem confused. Let me clear a fact up, you are suppose to be posting your offers on the market, you should never be buying anything. You must be the seller.
Conclusion.
As you can see there are many ways to work the system even if you are a relatively poor person. All you have to do is look for things to exploit. I hope this helps some of you out there.
The Peoples Voice:
No one sent me any PMs with their opinions in them so this section is blank. In the future I hope to hear from you people what your thoughts are on whatever you want to say. This section will not be edited, it will be the exact words that you send me in your PM. I hope next issue we will hear from the people.
Advertisements:
From: rockmusicfreak79
Hello everyone!
I'm going to sponsor a weekly professional sporting event during which all eUSA members can earn some extra USD. The more people that play the more USD you could win. The objective of the game is to correctly guess the score of the game. Each entry will cost 1 USD donated to rockmusicfreak79. You may guess as many times as you wish. You do not give a total score but a score for each of the teams. Then I will evaluate the winner based on closeness to total and separate team scoring. Then the winner/s will be paid after I take 5% from what is collected that week. For the first game I will wait until December 12th for scores to be submitted. Please pm your scores and money on eRepublik to rockmusicfreak79. The first game will be the Pittsburgh Steelers v. Dallas Cowboys on December 14th. This will be canceled if I don't have at least 10 people participating for this game. Please do not submit scores and money at different times. Good Luck!
notes:
-ties in scoring will result in splitting the profit
-I will personally only be taking 5% of what goes in each week unless demand goes up
-what do you have to lose? a lot less than a days wage? that's not a big deal so just do it, the more people the more money you could get
From: The Monolith Corporation:
Invest in Monolith Today. We are looking for prospective investors. It costs 1 gold to buy a share in Monolith and you will have access to the Monolith forums and get to decide company policies. Monolith owns a Q1 defense company and a Q1 wood company. If you wish to invest in Monolith or have questions please PM T-Schultz.
From: rockmusicfreak79
Citizens of eUSA it has come to my attention that not many people are active in our country's forum and we need that to change. Our highest amount so far is .3% of our population. That is horrible. In our forums people can find detailed information on business, politics, military, and anything else related to eRepublik and our country. Here is the link:
http://erepublikusa.com/forums/index.php
This wraps up my second issue, I hope you found the information useful and maybe you will be able to earn some cash with it. Stay tuned for my next issue coming tomorrow. It will inform you what the word Pertamaxx actually means and its origins.
Ps: PM me with your opinions of whatever you want to say!
Subscribers please vote this up
Third Article is out
>
Comments
This doesn't work.
1 FRF is 0,011 gold, so you can buy 99 FRF for 1,089 gold.
Then you can sell it for 1 gold, because for 99 FRF you get 1 gold only.
It doesn't worth.
your doing it backwards
No, you do 😉 Just check this once more.
Nice Article... I will keep a copy of this!!!
I will look forward for more from you on this!!!
Can you go into explaining next time about how to find the Exchange rates and what not. I know this sounds like such a NOOB question, but for it would help. Thank You.
ember you are wrong. don't forget! sign up for my sports lottery now!
it is just a sign of an inefficient market. In an efficient market these arbitrage deals do no exist. Why? Cause the moment such a deal appears people jump on it and the arbitrage deal gets resolved.
What I am trying to say is; do not expect to make great earnings/time with this methode
I warned people that this deal will probably disappear. but it always shows up in some market around the world. Its for the poor people to make some extra cash not the big business man.
I looked at doing this in America the other day and I wouldn't make a profit. Now, I'll look into foreign markets.
Ummm...
I have USD...I can increase its value by turning it into GOLD. But, I can't quickly turn it back into USD.
In fact, I bought a penny of 10 other currencies so I could see what their exchange rates were like...there were varying levels of severity, but all of them profited from going Currency to Gold, but not Gold to currency.
So...How can I make profit and still end up with a usable currency (USD)?
you do what i said and whenever you want to go back to USD all you have to do is convert all your forgein money into gold and then all your gold into USD. thats what i did and i made 30 USD
Good article! voted
I'm fairly sure that Ember is right.
When you view the monetary market you can buy FRF for Gold and it costs about 1.188 to get 99 FRF.
Then when you go to sell your 99 FRF for gold it will make you about 1.089.
This isn't backwards the way I did it.
I think I noticed what's wrong...the numbers are backwards. Your numbers, with my comments:
1 gold costs 99 FRF
I have to have 99 francs, to buy one gold
1 FRF costs 0.011 gold
I have to have one gold, to buy 1/0.011 francs, or 90.90 francs
99 FRF * 0.011 gold= 1.089 gold
So, starting with a gold, I'd buy 90.90 francs with it. With those 90.90 francs, I'd be able to buy 0.918 gold with it.
Now, starting with francs:
I'd take 99 francs, and buy 1 gold with them.
I'd take that one gold, and buy 90.90 francs with it.
Again...I don't see how you can make money...I'm transferring currency back and forth and losing on every transaction. What am I doing wrong?
No you are doing it backwards. because your not suppose to buy the FRF with gold your suppose to sell one gold for 99 FRF
in order to make money on the monetary market
you have to post your own offers, not just buy from others..
that's why some of you cant make money there.
you should never buy anything in the market you should always be selling
Yes Qumni, they are suppose to post offers not buy from people. you get the point better than them
Invest in The Monolith Corporation!
of course i get the point,
I earn several gold per day on the market 😃
Exemple:
If you go now and post 10 gold for sale at 1gold= 61.249 USD
After you sale 10 gold you will have 612.49 USD
Now you go and post the the 612.49 USD for sale at 1 USD = 0.017 gold
612.49 * 0.017 = 10.41...you make a pofit of 0.41 gold
valy84
yay someone who understands!!
Well, thanks for clearing up that you need to sell, not buy.
I'm an English major, dammit...how was I supposed to know this? 😮)
primary school maths?
Currency speculation is difficult at best.
Considering the time involved, as the "game" works, you have to ask yourself if you really want to sit there and push buttons for 3 hours to make 30 eBucks? It is true that you can make money doing this but in the long run the math doesn't bare out in one currency. It's a time sink and in the end, unless you are very, very careful, you will make a mistake.
The other thing is if everyone is selling no one is buying and the whole enterprise comes to a crashing halt.
This is how economies go in the toilet.
Thats why for this you have to be find the opening, exploit it, and then get out. The 3 hours it took me, were very short because I just posted the offer and left my comp. I didn't have to do anything else. This is realitivly low risk because if no one buys from you, you just get your money back and you can repost an offer later.
In a good day I can make moren then 10 gold...I have never lose golde in 6 months 😉
valy84
I lost gold doing this because of a typo afew weeks back... but i have more than made that back 🙂
if anyone would like to see a particular sport or team in the next lottery pm me and I would be happy to make one suiting your wants
many people do that already. this is not a new technique for most of the players.
for new players it is
Good issue. It's a really unstable undertaking IMO, but if you can make it work go for it.
This is a fairly easy practice, one I have toyed with occasionally. You have keep in mind, do not buy the currency you plan to be profiting from, but list your gold on the market, then list the currency you acquired from the gold sale. Of course, it's a matter of quick timing, and I personally do not have what it takes.
Good luck to all of you guys! (For the record, there's an opening in IDR right now)
-Jewitt [C-TN]
Nice article 🙂
And after your making $$$ you need to start helping mold the eUSA! Look for political information in my article!
Voted!
http://www.erepublik.com/en/article/political-party-information-part-1--705318/1
I really like your work, I can't wait to see what you have for the Nationalist Party.
The method is sound. Its call "Arbitrage" and its actually good for the markets. It forces currencies to trade efficiently.
I am so glad I decided to read the comments before doing it. 😁 I got 5 gold for turning level 6, so now that I know I'm supposed to sell it I'll be able to make a lot more money.