[Finance] Solving the MM problems
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by Ministerie van Economische Zak
As many of you know, our Monetary Market (MM) is in some difficulty. A few months ago we printed a lot of NLG in order to devaluate the NLG at that time from 0.017-8 Gold to 0.016 Gold per NLG. However, too many NLG were sold to the market causing the current crash to 0.015 Gold per NLG.
To solve this problem we have to take a lot of NLG from the market and keep it off the market by storing it. The previous Minister of Finance (MoF) started this process but our resources (gold) are limited. Alternative ways have to be researched to correct the value of the NLG to a healthy rate of 0.016 gold per NLG.
One way is to ask the citizens and companies of the UNL to use some of their gold reserves to buy NLG and keep it off the market. This is not only to help out nation but it can also be profitable for you. Right now you can sell gold for below 72 NLG each. If the rate of the NLG will correct itself (which it always will) you can sell those 72 NLG for 0.016 gold each, making 1,152 gold. That means a 15% profit margin and you are helping your country at the same time. Win-win for both of us.
If that options doesn’t work we will look into temporarily increasing the income tax of our nation with a few percent. This will allow us to take an additional 10k NLG of the market in a month but will also reduce the income of the citizen.
So I ask you to start selling gold on the MM so that we can bring the NLG back up to 0.016 gold and the gold price back to 66 NLG per 1 gold.
Regards,
Mitch Rapp
The Awesome Minister of Finance
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Comments
~hyuu~
Nice 😉
Bought 650 guilders just now. 😛
BTW, removed my NLG from the MM (3100NLG) that I was selling. Only my goldoffer remains 🙂
Seems quite a good idea to me and I'll give it a try. But let me ask one question.
If we all sell our gold now and buy it back later, won't that make the value of the NLG rise again? (I'm not into finances at all, but with my limited knowledge, that's what I'm worried about.)
I've bought NLG for 6 gold. So I hope you stabelise the market mate 😛
When you buy NLG and take them off the market the amount of NLG in the market shrinks. So when demand (which is always on the rise) increases there will be a shortage of NLG forcing the price of the NLG up.
Over time you can sale the NLG at the market but dont do that straightaway. We need to do that gradually.
let's do something because now it's out of control...there are guys selling NLG at 0.014g, and there is a while since 1 gold was 65-66NLG,and even 59-60
sorry I´m not selling, I´m saving up to start my first business