For the forseeable future, the name of the game is country currency.

Day 1,956, 04:07 • Published in United Kingdom United Kingdom • by Professor Evil

I'm going to call on the services of someone who watches the monetary market much closer than I do to inform me when, exactly, the value of gold nosedived. Nosedived is the correct term; this morning, I went to change over some, and was confronted with a sinister visual. Whereas 1GBP was once valued at 0.004 gold, it is now valued at 0.005. This is by no means a small change; it means that 1000GBP will set you back 5G instead of 4. Your much-earned gold reserves, be they from hard worker, true patriot or congress medals, are suddenly much less secure than they were.

I'm going to make one hell of an assumption and say that we all know the reason for this devaluation - Plato's cursed gold mines. As more gold is put into people's hands, its value plummets. This is an economic concept that's as true on eRep as it is in real life. I'm sure we've all seen that famous picture of German kids playing with massively devalued Deutsche Marks, but here it is just in case:



Scary, huh? Whose kids will that be when those Marks are gold? Yours, gentle reader! This has been developing for a while, with economic forecasts being made on the day the gold mine event was announced. I didn't heed the warnings of citizens much more learned than I, and as such, I just got less currency than I wanted. I've happily liquidated my gold reserves, but at a lesser value than I would have liked.



There's a point to this rant. I have a strongly worded piece of advice to give the eUK. Cash in your gold. Get as much currency as you possibly can, and invest it wisely. You see, after events such as today (or whenever the value decreased, again I'm not sure of the exact date) it won't just be the gold mines that decrease the value of the gold we sell. Alot of money-savvy eReppers from all over will see the state of the monetary market this morning and do exactly what I just did, which was cash the hell out. Currency brokers will respond with panic to this, selling their currency at a much higher price just to make that last drip of profit before their business goes quiet for what could be months. This sort of mass devaluation is difficult to recover from, and knowing how willing Plato and his gang are to hand gold away like penny sweets will probably scare entrepreneurs from making too much of an investment in currency exchange for a while.

So be smart, cash out, and have a lovely Easter folks!