A newbie's view of the current economy

Day 1,270, 21:31 • Published in India India • by Asmitatheone

Hi Guys!!

This is my first ever article. The fingers move with a lot of hesitation in case i goof up big time. But then I ride on the hope that the beginners luck is going to help me.

I would start off by thanking all those ecitizens I have been speaking through my days in eIndia and the knowledge they have shared with me. Without it, I dont think I would ever dare this article.

In the past few days I noticed a singularly unique thing about the economy of India.
We have 2 currency resources: Gold and INR. Now in the usual course of events the price of one rises and the other falls. This is natural and logical since they are inversely proportionate in a scheme of things. If you buy one, the rate goes up, and automatically the value of the other is supposed to fall.

But this week I have notice the rate of INR went up from 0.003 to 0.004g and the Gold Rates go up from somewhere in the low 300's INR to 425 INR. Now this had me try to work my dead gray cells to understand whats going on.

The only conclusion I could reach is that the demand for both is increasing and/or the supply static or decreasing, thus the rates. But again, as a very senior eIndian pointed out, demand-supply mechanism only works when the supply is limited. Now we are all earning Gold and INR so there is a steady flow of both so the supply is not limited. Therefore, It must be that eIndians are hoarding Gold and INR.

In real life, hoarding and not circulating currency can really cripple the economy. Since a false demand is created this way, which is bound to crash someday. Our RL governments always encourage us to use small investment modes to keep circulating the currency.

In the eWorld, well the same principals would/should apply apply. But the question is there are no instruments here to invest my funds........

HOLD ON.....Just one moment....

This unique arrangement of Gold and INR prices going up gives us a fabulous opportunity. Lets use the Monetary Market(MM) to make some quick money.....
How??? Here is an example:

Lets talk abt 100 INR here.(Most of us have excess of INR)

Lets put up 100 INR for sale at the going price of 0.004g per 1 INR.
When it sells we get 0.4g.(0.004 x 100 = 0.4)

Now let us put that 0.4g back into the MM at the going rate of 390 INR per gold.(As I last saw it)
When it sells, how much do you get, a whopping 156 INR.(0.04 x 390 = 156).

Pretty cool huh!!! Making a 56% profit in no time!!! Is it that simple?? Then why didn't others do it?? Is this noob, Asmita the only one who saw it??? No dear mates. Its not that....

The biggest problem with this model is that buying and selling of our currency and gold is very slow in India. So we wait for days before it sells, thus we are bored and forget all about it.

But guys, that can change too..... if we all start using this system, we will all be looking to make a little money and the MM can be more active. The rate of INR and gold will move back and forth.

The Govt(Prez and Minister of Finance) will sweat a little to keep it stable.....well let them sweat a little. Let them work a little, they knew what they are taking on when they accepted. nlol 🙂


Jokes apart guys, this system looks pretty cool to me, and I am probablly going to work it through. You can think about it and try it as well.......

However, word of caution, this is the monetary market, given the chance you can WIN and LOSE equally. So please think and proceed.
Don't blame yours truly for any any loses but definitely thank me for any gains. You can also send gifts and gold and currency to show your appreciation!!!! 🙂

PS: Would love to have a debate, if someone thinks I am out of line on this one.

God Bless You All

Asmita(the noob)