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[号外] Monetary Market: Dead Drop

Day 1,891, 14:31 Published in Japan Japan by ahava3233

ahava3233 reporting once again as a private citizen. This time on monetary matters.

A hot air balloon deflating; this is how your gold feels right now I bet.

So the trends in the visible monetary market have been a bit unsettling for the past couple of days. The gold price, which has been static at about 338 CC(¥)/Gold for a couple of weeks now has just begun to plummet and deflate. I can't say exactly when it started, but I know it had to have been in the past few days (probably the last 3, correct me if I'm wrong) or so, and as you can see in this screenshot taken on Day 1,891 at 13:44 Erepublik Standard Time (PST/UTC-8), the current gold price now is about ¥278.5/Gold.

Click to see the current gold prices on the market

With this in mind, we have already seen business owners throughout the country start to react; prices of goods in the domestic market are falling due to the increased value of currency (you can buy Q7 weapons for less than ¥10 now), and even our own Minister of Labor had to decrease wages for our younger/less wealthy players to ¥16-20 from ¥30.

Otherwise, I'd wager the following predictions for the market based on what I've seen so far.


Economic fortune telling for you

1. In the short term, gold prices will dip to about ¥250-260 and stay there for a period of time. This is due to the fact that posted sales of currency on the market right now for .004 gold/¥ (¥250/Gold) that don't require active prompting from gold sellers should offset further decrease in the gold price until there is no more currency on the market for that price.

2. Although there will be minor ups and downs along the way, gold prices will continue to drop for the forseeable future, especially if the admins continue to keep bots inactive. This is due to the fact that bots are currently the only way money is printed without loss in this game, and currency will become more scarce as people hoard it or it is lost in inactive/banned accounts as it cannot be printed directly by players. Governments can actually print money and doing so will become profitable once the gold price reaches ¥200/Gold (¥.005/Gold), but there is however no method of putting gold into the treasury to do this at the present time (direct donation is impossible and there are no taxes levied on gold either). Thus this mechanic will not stop the gold price from continuing to drop, it will only stall it until governments run out of stored resources to print money, just like the posted currency offers.

So, some last words and financial advice...


Listen to me, I have a math degree (I really do irl xD)

Private citizens can easily profit from this trend by holding and saving ALL of their funds in currency, not gold, only exchanging their funds for gold when needed to complete transactions. Furthermore, given the spiraling trends you may be able to profit even more if you put your funds in the hands of a trustworthy investment firm/stockbroker (that takes advantage of daily trends in the market), albeit at a risk to your funds.


Currency spending and higher wages despite the deflation in this economy is the best way to keep our local economy running more smoothly than other countries. Natsumee alluded to this in his most recent article. Spending is the best way to keep deflation down in a specific market, such as our own.

Furthermore, this trend can be avoided by taking part in a workers' commune, which bypasses the market altogether.

Thus, I leave you all at that, ahava signing off. Comment, subscribe to Gougai and vote up!


Kami Neko
Kami Neko Day 1,891, 14:49


Sir Robin Ibz
Sir Robin Ibz Day 1,891, 14:56


Amaterasu Omikami
Amaterasu Omikami Day 1,891, 16:06


eisenmutter2 Day 1,891, 18:08

it happened 4 days ago (around 17 o' clock erepublik time i think). had a live conversation about it in the feeds when it happened. craziest stuff i have seen in a long time.

multiple moves from 333 down to even some cc below 250 (like 333 to 270 back to 310 then down to 260 back to 320...). a nice festival of fear, confusion and greed that lasted ~45min to 1h.

reason was Banco de Espana because they were dealing with 3659.00 GOLD (they pobably had more before i have seen them). but don't ask me why they have dealed with that amount... they probably lost money with that move.

and with few currency coming into the game because bot is low (or even off) & gold from goldbuyers who use rockets + medals coming into the game we will get more gold than currency no matter what anyone does

= gold will lose its worth / MM will go down

Myung Kei
Myung Kei Day 1,891, 21:54


Kagami Hiiragi
Kagami Hiiragi Day 1,892, 00:23


can't wait for the prices to drop below 200cc than I'll start buying gold with my cc.

darlosworld Day 1,892, 01:23

Do you reckon it has anything to do with the recent offer from the Gold Market? 30 gold and other assorted goodies for 5 euros.

Rik Daphnee
Rik Daphnee Day 1,892, 10:34

Voted o/

Veprina 22
Veprina 22 Day 1,892, 12:04

How about companies for sale? are there some tax on them?

eisenmutter2 Day 1,892, 12:54

@Veprina 22 Day 1,892, 12:04

no we have just VAT, import and income-tax

to see the taxes
1. click on the country-flag on the right side of your avatar
2. click on the tab "Economy"

there yo see the resources of the selected country (your CS coutry is selected as default) the treasury the taxes and the min. wage

Auraborus Day 1,892, 17:36

Nice job on the article Ahava!

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