Why gold will eventually be worthless!
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by General Marley
Ok so I didn't really think about stuff like this when I first joined erepublik. But is it really possible that gold could be worthless? Look at it this way gold on the monterey market is priced at about 204cc. Gold doesn't just disappear the amount of gold will always continue to increase. First of all achievements, a lot of gold comes in from achievements but then you have gold that is bought by players. So do you see? If the amount of gold continues to grow the price of gold will also drop because when people sell gold they will need to compete with other prices but if the amount of gold doesn't decrease then prices won't rise so it's basically that simple.
What does this mean?
Well it means you should make the best out of your gold and currency as soon as possible. Instead of selling your gold for currency to get food or weapons instead you should of course continue to upgrade your training grounds but only when the discounts are on. You should also focus on buying companies this way you can focus on becoming self sufficient producing your own food and your own weapons and don't be concerned about making profit as long as you can recover your daily energy with the food you produce you should be fine for the time being. If you upgrade your food factory to q2 and buy 2 fisheries you should be relatively fine don't be to concerned about this if you're still under the support of the NHS but when your time starts to come to an end then that's when you should start to focus on it. Also if you think about it if Plato and erepublik want to continue to make money from people buying gold then it's important that gold has value to it because if gold has no value then everyone can buy large amounts of it to upgrade their companies and training grounds so gold will no longer be bought for in life currency.
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Good point, vote for the article.
Lucky for us, admins always think of some gold-eating scheme, like MU boosters, wheel spin, new countries, etc. Also, senior players often tend to form their own MUs or parties, or to simply donate and invest in development of newbies.
Anyway, as General Marley wrote, it's always good idea to invest in yourself. 🙂
Thank you o7
The economy in eWorld is under control of you know who... so the gold will not become worthless unless the game stops running. Each time you train, buy or upgrade companies etc, you pay in gold that doesn't stay in the market. Also, automated bots are doing most daily buys in the market. It's a fake inflated economy but they do have the tool to take/add value from it.
i don't think bots buy from market much
1. it would bring very much currency into the game like in the past (which at the moment isn't happening)
2. bot buys in each country
-once per hour
-at a specific time
(depending on country NL germany same time A // thailand and bolivia had the same time B
like every 50th minute [... 19:50 / 20:50 / 21:50 ...] in thailand but every 5th minute of the hour in germany)
-specific amount of units
(depending on the product)
-for a specific price and everything below that price
(max botprice in past was above prices shown on market)
either admins changed these settings to something completely different or there is no bot active buying from market
Gold can't drop below 200cc per for very long, we had a drop when I was MoF and I bought up as much gold as possible. This is because Countries can issue CC for gold, at a rate of 0.005 gold per currency. As such, any time the market dips below 200, Governments will buy up gold, donate it to the country accounts and then proceed to issue it as currency for a small profit
Gold does in fact disappear.
Creating buildings, parties, MUs, war declaration, issuing CC, buying EB's
tons of gold disappears from the system every day.
not really.
until you're above lvl 201. o/