[MoF] - October Report 4: The start of the MM! Training Grounds?
Bank of England
Hello All,
Before we begin, here is the run down of the current state of the finances.
Point: Once again - Money from the reserve was moved to the MM three days later after public interest and discussions with the MoF team.
As you can see, we are earning 8144.56 per day on average through taxes. This is since Talons term began and does not include any of the expenses at all.
Once you take into account the MPPs and the BEF we have about 2k a day. The BEF is just a short term payment to bide it over. Any left over tanks from the BEF will go towards a tank reserve or an extra strike/CtA.
What did the report miss out?
Today the MM paid out! Yay, woot, Hurrah. It turns out it takes 10 days for the MM to decide to cash out on you.
Originally, as you can see from past reports we started with 296k sitting in there. That is the set that cashed out today. Sadly 8k on the BoE messed up while moving some things around so we only had 288k worth of cash buy up gold today (No cash was lost, a bug just meant that the offer was reset so 10 days were needed again).
After this run through I have no idea how to play the MM as of yet. We had large values of 50kish and 30k be bought up completely. They turned in to 100% gold via the MM bot however two 20ks and two 25ks did NOTHING while some smaller 10ks and 80ks had about a 60% conversion rate. I am starting to wonder if it is totally random on a day to day basis. I am reluctant to go all out on the larger groups just for it all to cash out nothing in ten days!
Well, you all want to know the results don't you! From that 288k we ended up with 358138. Leaving us with 70138 profit. This is an increase of 26%.
Now, with us investing a massive chunck of our reserve three days later that means we have something much more exciting to look forward to. In just three days we have a massive 834k which will be reaching the bot buy out time. Now, if this goes just as well as this last set did then we could be looking at 216k pure profit! Now, this time could have been a complete fluke or it could have been sub par and we might have more to look forward to! I just don't know.
All gold was sold at about £450, so if in three days time gold is £420 (basically anything lower than 450) then the profit we will be looking at is less. However, still, this is profit for nothing! Just take a bit of work for me and our reserve gets built up.
Thinking Ahead
As I stated last article, I really like investing in the country. I did it myself with my own gold for my MU and I would enjoy doing it on a larger scale. What I have learnt over my time in eRep is that you can take nothing in this game for granted long term. It won't be long before the MM changes and what I am doing now either isn't possible or doesn't make as much cash, however we may as well talk as if this could carry on. It all depends on what the admins decide to do.
I also said last article that the task I was given this term was to build up a war chest of £3 million for the country and the next CP. Now what I would like to talk about is next term. I know this one isn't even half way through yet, but with the MM taking 10 days, I only really get to do it three times!
Lets imagine two things, the MM keeps working as it does and I manage to build us up to £3 million in the reserve. What I would like to do is to then use this reserve completely in the MM and to channel all profits in to the country.
For example, 3,000,000, at the given rate of 26%, would make 780k profit every 10 days. 78k per day. At the current rate we buy gold (333.33) that is around 234 gold per day. I want to take this gold and use it for long term interest free loans to the public. This could be for either a training ground upgrade or for a Rubber mine to produce WRM. I was also thinking this could be backed against the gold price at the time, so if gold ends up rocketing to £2000 again, you can just pay us back in CC. If gold continues to drop, you can pay us back in gold.
After all, it would all be profit anyway.
Please everyone, let me know what you think!
Thank you,
Carlini
Comments
What a dark table that is, it shouldn't be grey indicating stormy weather, but white or yellow instead; indicating clear skies and a positive forecast.
~
This is eUK, it is always raining.
Glorious. Great job.
Yeah MoF team! Hopefully we can get a shot at actually implementing things after we've hit the goals.
Investing in eUK is always a winner. Real benefits to the nation, for the nation, by the nation.
this is great way to take care of country and and your countryman. great work and nice ideas!
Hail UK
o7
Great job. I'm sure the doom mongers will find something to moan about, but credit where it's due, well done.
Great work Carlini (:
I propose Carlini is promoted to King. \o/
"Compound interest is the most powerful force in the universe"
: D
Keep up the good work Einstein!
looking healthy! Keep up the good work
Nice job!
voted, nice work Carlini8 07
It'd be nice when the distribution is decided of the free loans, that it's ensured they are accessible to all eUK citizens via in game channels.