Gold Mines: Affecting more than the Map
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by Jason Welsh
More than the map you say? Well ya, what did you expect, admin is just dumping 500,000 gold into circulation for no reason and no economic consequences?
[tl;dr] if you seriously didn't read this first paragraph because of length than why are you reading erep articles?
Before you start complaining about Plato just doing stuff for the lulz and watching us deal with it, let me tell you that this is a good thing. Yup, we've been asking them to do something about the economy for how long and now, they've finally given us something that's going to be a dream come true. Let's take a theoretical look at this.
[tl;dr] admin actually thought something out this time
So... 500k gold magically entering circulation. This means more gold in the hands of the average player. There will, ofc, be some people who upgrade companies right away with it, but thanks to only giving most people less than 1.0 gold per day, it shouldn't be a significant problem.
Less people upgrading means more gold just sitting around in people's hands or being trades around for CC. If more gold is on the momentary market but the amount of CC stays the same, than the value of gold will decrease because it is more common in ratio to CC.
[tl;dr] cheaper gold on momentary market
How much cheaper? For this, we would need some numbers, but if you think you can guess at what the numbers are and have it be close to right, here's the formula that you could use to predict stuff.
(500,000-cost of company upgrades that people buy)/(amount of gold held by active players before mines[2-clickers included])=X/100
X= the percent price drop of gold on monetary market
So, just for fun, anyone who thought they got a good answer for this post it in the comments and we'll come up with an average to compare with reality XD
Current cost of gold on Monetary market at 6:31 AM Monday morning (EST)
210 USD/1 G
Noon Monday morning: 1 gold=206 USD
2:30 PM on Monday: 1 gold=202 USD
5:07 PM on Monday: 1 gold=200 USD - looks like it's gonna be a wild ride to the bottom so far
5:14 AM Tuesday: 1 gold=206 USD
Some more info on the gold mines
-From Marc Aldrix http://www.erepublik.com/en/article/special-gold-mine-report-11-30-update-guardian-financial-group-2238414/1/20
-From Kemal Ergenecon
http://www.erepublik.com/en/article/-ekonomi-politik-facts-on-gold-mine-revenues-and-depletion-2238425/1/20
-From Albteflondon
http://www.erepublik.com/en/article/special-gold-mine-report-2238503/1/20
Stay sexy guys 😉
-Welsh
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Comments
I'm gonna gable on something like 20%, so price will drop by 42 USD by the time it becomes stagnant. Final price before gold start going up again will be 168 USD
might be a little high but it's a start
Very interesting.
Not below 200.
in hindsight, ya, it won't go down much. I can definetley see it going below 200 though, we have less than 10k citizens and we're distributing 100k gold among just the ones who log in every day
At 200 governments can print CC with whatever gold they have in their treasuries at a profit. That will create an artificial floor. At least temporarily.
Thanks for the numbers crunch.