Time to store gold!
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by JdlF
Hello,
Please read my MoF reports. No boobs, no abs, just text.
Ok? Then you know can't go under 200cc/gold (you should auto-buy if under).
You also know all eRep economy is upside down for more than 6-7 months. This is mainly due to the small value og gold (which is due to medals, offers, and so on - I didn't write about that).
Well for a month or so (check the eBe sheet where sx80 took over my work [thank you man, it started to be a bit boring]: http://tinyurl.com/mehqhww), for a month or so I said, the gold value is stabilized to its lowest amount. Between 220-230 (you should always buy under 220 right now, by the way).
And what is new?
Well we should all don't care, even if we are greek because we would have other issues but ...
And what does it say?
"As you may remember, the first Summit was held in December in Bucharest, when we talked about the military module, presented the new map and celebrated 5 years since the launch of eRepublik.com. This time, the main topic of the summit will be the economy - together, we will try to find ways to improve this aspect of the game. Our staff will also present some of the things we were working on lately: a new user experience to help keep more of the new players engaged in the game, a redesign of the battle page, a new forum, new Military Unit features and many more . Depending on the available time, we would be glad to approach other topics and listen to as many suggestions as you can make."
So basically, they will present some new stuffs and new features but they will mainly focus on the economic module. From there, everything can happen: gold disappearence, cc becoming national currencies with specific values, and so on.
but knowing that gold is their main attraction for rl €, my guess is that it will remain. My full guess is that cc and gold will remain but something will be made to strenghten the value of gold (like increasing gold prices; disminuing the amount you get through medals, give more opportunities with cc.. Or simply get rid of cc).
Well, at the end of the day I'd say: either cc and gold will go crazy and you can't presume what will happen or gold valur will increase (or cc value decrease which is the same [read my MoF report of january or february I don't remember]).
Therefore, small conclusion : Save your golds until we know what was said during the meeting.
Your welcome,
JdlF
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Comments
I think they will abolish either currency or gold.
My main guess is either abolishing cc OR make states currencies with a complex and dynamic economic system. But one way or another, store. 😁
I don't see gold disappearing. And if it disappears I believe the counterpart would be good for those having a lot of golds. But it would not be the same with cc.
That's just a guess.
My main guess is that they will make something nobody will think of, it's always like that 😛.
I agree with Jofroi. Also, they already had a system where there were real national currencies, and they abolished that.
interesting, shared
Voted
Voted!
Voted. Good insight.
Its the military missions that put valuation pressure on gold...
I hope they dont abolish currency.. i actually much preferred it when we had national currencies.. they dont need to make the game even more one dimensional 🙁 ... i Hope it something new!!! cheers!
"This time, the main topic of the summit will be the economy (...): a new user experience to help keep more of the new players engaged in the game, a redesign of the battle page, a new forum, new Military Unit features "
This shows what they are going to do with the economy...
I think currency is going to beome stronger, more like it used to be in the old days, perhaps not as low as 1g=40cc but around 1g=100 cc is what I think.
Talking about economics in Greece 😛
YOU ARE WELCOME, that is not my welcome!
Yeah i've spoted it ... And lot of other mistakes 😛. I'm just following my example, the great MoL 😁. I write, don't read, don't correct. It comes all from my heart 😛
you're welcome 😁
Well, good article, but you make one important and completely incorrect assumption:
You claim that they will try to boost gold as that means RL cash for them. I agree. However, with the rest of your article, you assume - incorrectly! - that they have ANY clue at all on economics and on what will happen when they change something in the economy module (or any other change for that matter).
As a consequence, any improvement they try to make on the gold price, will have a completely random effect.
I'm so sure of that, I'd bet my potentially devaluating gold on it. 😛
😃
They won't necessarily increase gold value directly but they'll certainly have something to make to increase cc utility (as nowadays it's just crap).
And I assume they know their market and how their module works, but we don't. We just guess. But if they change the rules, indeed values will go crazy as we won't adapt in less than 1/2 days for more active financial players and a week or so for others.
And no, any improvement will have random effect, in fact improvements won't have random effects, it will just need an adaptation time to fit with new data. So if they want to increase gold value/make something of cc/other, the market will respond with few delays. But at the end, market will do as they told him.
Or, like you think, they don't handle their economic module. But I don't think so.
And at the end, even if cc or gold go crazy, the conclusion remain the same: gold is a more protected value than cc. And in time of trouble you should go for protectionism (and gold) [in rl case, gold increased a lot from the subprime crizis in 2008; now it's decreasing again - made some profit :3].
I should have added a line on that: if it's trouble: go for security. And gold is security.