[MoF] February report
Day 1,931, 11:03
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Published in Belgium 
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by
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by NBB-BNB
Good afternoon dear eBelgians ;
Here is the situation for the month of February.
As you can see the situation remained quite stable which is a good point, meaning that mpp and other expenses are not tackling down our revenues. As you can see we have few less gold due to loans for training facilities or industries.
But a small warning as to be made: regarding my last report for January (viewable here: https://dl.dropbox.com/u/26811993/erep_vmof_23_01_13.docx), the conclusion that eBe could sustain BNA activities through its taxes is no more true as for a period of 29 days, eBe made only 2741cc while it had to make over 65000cc to sustain BNA’s activities; taking into consideration last month costs for BNA. This is due to two things: at first we paid at least 2 mpp during February, which represent 10 000cc. But the most important point is the unattractiveness of our market: taxes don’t make enough money. Our average income per day was divided by more than 2 in a month.
And as to prove me right, BrunoCND just request me the cc for BNA, therefore … eBe made this month a loss of 250 000 cc (not included in the graph).
That’s all for eBe’s finances: the situation is “ok” but something has to be done for raising incomes through taxes (making our market more attractive or raise taxes).
Another report will be made within a week on BNA cost and solutions through taxes.
Eventually, one small chat about the last point of the January report: a small talk about gold issue.
I told the CP and ex-MoF that the price of gold would devaluate quite importantly (through gameplay I would have said until 100cc/gold but as countries can print 200cc / gold, 200cc/gold is then the minimal possible value for gold). This month proved me wrong; or at least it proved that some external mechanics are working there to keep the gold value higher than its real value.
As you can see the devaluation was quite correct for the first week and in fact, until day 1918 it was still correct as we can put onto the training facilities and so on reductions this increase of gold. But then I have more doubts about the big increase correlated with the rocket factories reduction. Therefore my conclusion is quite simple: gold is still overrated, it should go down, but... With reduction offers from eRepublik admins and the incapacity of buying more than 10 golds a day, the market is not fully representative of its true value.
With a so strange and random economy I would advise to make no moves or play on really small durations. People having following my last advice (selling golds) and who bought it again before day 1910 have made quite a good benefit but it is no more possible.
If you are playing the MM game, then you have to monitor gold price day to day.
Have a nice day.
JdlF,
MoF.
Here is the situation for the month of February.
As you can see the situation remained quite stable which is a good point, meaning that mpp and other expenses are not tackling down our revenues. As you can see we have few less gold due to loans for training facilities or industries.
But a small warning as to be made: regarding my last report for January (viewable here: https://dl.dropbox.com/u/26811993/erep_vmof_23_01_13.docx), the conclusion that eBe could sustain BNA activities through its taxes is no more true as for a period of 29 days, eBe made only 2741cc while it had to make over 65000cc to sustain BNA’s activities; taking into consideration last month costs for BNA. This is due to two things: at first we paid at least 2 mpp during February, which represent 10 000cc. But the most important point is the unattractiveness of our market: taxes don’t make enough money. Our average income per day was divided by more than 2 in a month.
And as to prove me right, BrunoCND just request me the cc for BNA, therefore … eBe made this month a loss of 250 000 cc (not included in the graph).
That’s all for eBe’s finances: the situation is “ok” but something has to be done for raising incomes through taxes (making our market more attractive or raise taxes).
Another report will be made within a week on BNA cost and solutions through taxes.
Eventually, one small chat about the last point of the January report: a small talk about gold issue.
I told the CP and ex-MoF that the price of gold would devaluate quite importantly (through gameplay I would have said until 100cc/gold but as countries can print 200cc / gold, 200cc/gold is then the minimal possible value for gold). This month proved me wrong; or at least it proved that some external mechanics are working there to keep the gold value higher than its real value.
As you can see the devaluation was quite correct for the first week and in fact, until day 1918 it was still correct as we can put onto the training facilities and so on reductions this increase of gold. But then I have more doubts about the big increase correlated with the rocket factories reduction. Therefore my conclusion is quite simple: gold is still overrated, it should go down, but... With reduction offers from eRepublik admins and the incapacity of buying more than 10 golds a day, the market is not fully representative of its true value.
With a so strange and random economy I would advise to make no moves or play on really small durations. People having following my last advice (selling golds) and who bought it again before day 1910 have made quite a good benefit but it is no more possible.
If you are playing the MM game, then you have to monitor gold price day to day.
Have a nice day.
JdlF,
MoF.
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Comments
good report
Interesting.