An Intro to the Monetary Market

Day 2,452, 11:49 • Published in United Kingdom Poland • by Lanthanide

Ah, the monetary market. If you play it right, you're able to make a good profit at a reasonable margin. Here's how:

1. Gain 1 gold.
2. Sell this one gold on the monetary market at 1 gold = 190 GBP.
3. Sell your 190 GBP at 1 GBP = .006 gold.
4. Receive your gold back plus .14 gold extra.
5. Resell the 1.14 gold at 1 gold = 190 GBP.
6. Sell your 216.6 GBP at 1 GBP = .006 gold.
7. Get your 1.14 gold back plus .1596 gold extra.
8. Repeat as many times as you want until you're satisfied.

It's a relatively stable investment if you do it quickly enough. However, if you don't do it quickly enough, prices can change. 1 GBP could become .005 gold (that is, if you want to stay competitive). 1 gold could go down to 150 GBP. Prices fluctuate over time. That's the key word. Monetary markets are fast-paced investments.

There's just one problem: because everyone wants to be competitive, everyone offers gold at the same price. And beceause eRepublik sorts these same prices in a nonsensical order, whether you are first in line is completely random. For this reason, monetary market speculation doesn't work right now. If the GBP price were to go up to, oh, 1 gold = 220 GBP, or anything over 200, you could speculate in reverse, offer the GBP at 1 GBP = .005 gold, and be competitive. However, the current competitive price is 1 gold = 194 GBP, so that just doesn't work. Because neither extreme is going to budge, monetary market speculation is simply dead right now. You'll be stuck with gold or GBP unless you want to buy on the market, but buying is always worse than selling.

Example:

Which is better? Buying GBP off the monetary market at 1 GBP = .006 gold, or selling it off the monetary market at 1 gold = 194 GBP?

The answer is obviously the latter. The first choice only gets you 166 GBP, whereas the second choice gets you 194. That's a difference of 28 GBP! The best part is that that isn't an exploit because selling on the monetary market is a built-in part of the game!

So, always remember:

1. Selling is always better than buying.
2. If you repetitively exchange between gold and GBP by selling, you will make money.
3. If you repetitively exchange between gold and GBP by buying, you will lose money.
4. If you can't repetitively exchange between gold and GBP, it's not worth it.
5. The current British monetary market is anti-speculation in nature.

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-Lanth