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Record #002 [D589]

Day 589, 19:43 • Published in China China

• by People's Bank of China

Day 589 - 10GOLD sold @ 73CNY each
Day 589 - 10GOLD put on the monetary market @ 75CNY each
Day 590 - 1000 CNY sold at @ 0.015GOLD each
Day 590 - 500CNY put on the monetary market @ 0.018GOLD each
Day 592 - 500CNY sold @ 0.018GOLD each
Day 590 - 230CNY put on the monetary market @ 0.02GOLD each
Day 592 - 50GOLD donated to the treasury

Day 592 - Balance: 4000CNY, 32.24GOLD

Monetary market offers
218CNY @ 0.02GOLD each
20GOLD @ 70CNY each

Comments

Flem inc Day 589, 20:16

Good luck keeping this up. I did this sort of system in India with a spreadsheet.

Until the Bank started making 40-60 exchanges a day.

Russ T Trumbone Day 589, 20:32

That's a really great story, Flem, now maybe you should go back there. You know, relive the glory days of spreadsheets and not being here and all.

Snayke Day 589, 20:52

>Flem Inc

I won't post every single transaction. I'll just sell them in batches and report them when they have been all sold, then put new batches up.

Flem inc Day 589, 23:48

Ah. Much smarter than what I tried to do lol.

Are you going to attempt to maintain a steady value for CNY or just transfer incoming CNY into gold at whatever the going rate happens to be?

I'd like to know if I should be setting my prices for a 0.015 Gold or 0.014 Gold CNY.

Snayke Day 590, 00:47

The main job right now is to keep it at a stable rate, so 0.014G shall suffice for now. I won't be turning all the CNY into gold. Some gold is being sold for CNY at the moment to ensure the CNY doesn't dry up. Means the Bank is making some money while keeping the monetary market stable.

China People's Commune Day 590, 01:23

Good job. Snayke

Gorgo Primus Day 590, 02:40

Snake YOU are the one who called out Flem for being a thief!

Why are you working with him?

You can't sink much lower then this unless you eMarry him...

Flem inc Day 590, 10:23

I am not a thief. If you want me to return the money I got I'll have Logomaster304 donate it to the Indonesian Government as that's where I got the money from.

Sounds like a solid plan Snayke. Good job.

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