[MoF] Everything about Gold
Day 1,668, 15:13
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Published in United Kingdom 
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by
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by Bank of England
Everybody loves Gold
Gold is the second currency of the eWorld. Gold can be a safer investment in the eWorld as its value is generally steadier the unpredictable nature of country currencies. We would all love enough gold to start own Bullion Depository and there are 3 ways you can acquire gold to start you
As a reward
You will be award a set amount of gold when you achieve certain objectives within the eWorld. Gold is currently awarded for achieving an achievement, levelling up; having an invited friend get a gold reward and having an invited friend buy gold. You are also given a set amount of gold when you achieve Battle Hero status during a battle. The amount is dependant on the Division within which you fight
Buy it through the Monetary Market
It is possible to use the monetary market to use you GBP and actually purchase gold all though this is a can be a costly measure if you have a the money this can be a good way to acquire gold. You can also sell you GBP for Gold on the Monetary Market but this has its disadvantages. The two methods work as follows
First you can SELL you GBP on the Monetary Market. Currently you can do this by offering 1 GBP for 0.001 Gold. This is an incredibly slow method of acquiring gold but is the more profitable then the second method.
The Second way is to directly BUY 1 Gold from the Monetary Market. This would currently be 1 Gold for 2442 GBP.
The first option is clearly the most profitable but as has been pointed out it is a very slow and time consuming method of acquiring gold, which is also reliant on people wanting to buy your GBP. The second method is much faster but also much more costly.
Buying Gold
The third and final way to acquire gold is to buy it directly from eRepublik. Some people use this method and others dislike this method but at the end of the day it is totally up to you on how you acquire gold. The table below contains the current costs of gold however there is often 30% extra days which you should watch out for if you do intend to buy gold.
So you have acquired a massive Gold hoard. You can no longer afford the security details to protect it 24/7 so you decided to spend some, what are your options?
Political
Creating your own Political Party within the game will cost you 40 Gold
As the Country President or member of Congress an Issue money law can be issued (Though this should never ever be done without prior discussion and approval). This cost will cost the country about 0.005 Gold for 1 GBP
Militarily
Starting an official War by declaring another country as Natural Enemy will cost the country a minimum of 200 Gold.
Boosting
Gold can be used to boost your daily training. The table below outline the costs
Economical
Buying various currencies using the Monetary Market, the cost will vary.
Buying a company from the companies for sale section, again cost will vary.
Obtaining an export license for other countries in order to sell your goods on their market. This costs 20 Gold
Upgrading your company's customization level upgrade. The cost varies depending on the level you are moving from and to.
Creating you very own companies can cost various amounts of gold. To find out how much see the table below
Other Uses
Improving your health costs 0.5 Gold
Creating yourself a newspaper cost 2 Gold
Buying energy bars cost 5 Gold
So if you’re thinking about buying gold or spending some of you vast hoard then you now have a clearer picture of the things you can do. If you do decided to spend of you gold on companies it would be a good idea to check the MoF earlier article [MoF]What to do with your money ?.
This contains details on long term projections on various companies.
Master Hofkens
Alan Hammond
Ministry of Finance
Gold is the second currency of the eWorld. Gold can be a safer investment in the eWorld as its value is generally steadier the unpredictable nature of country currencies. We would all love enough gold to start own Bullion Depository and there are 3 ways you can acquire gold to start you
As a reward
You will be award a set amount of gold when you achieve certain objectives within the eWorld. Gold is currently awarded for achieving an achievement, levelling up; having an invited friend get a gold reward and having an invited friend buy gold. You are also given a set amount of gold when you achieve Battle Hero status during a battle. The amount is dependant on the Division within which you fight
Buy it through the Monetary Market
It is possible to use the monetary market to use you GBP and actually purchase gold all though this is a can be a costly measure if you have a the money this can be a good way to acquire gold. You can also sell you GBP for Gold on the Monetary Market but this has its disadvantages. The two methods work as follows
First you can SELL you GBP on the Monetary Market. Currently you can do this by offering 1 GBP for 0.001 Gold. This is an incredibly slow method of acquiring gold but is the more profitable then the second method.
The Second way is to directly BUY 1 Gold from the Monetary Market. This would currently be 1 Gold for 2442 GBP.
The first option is clearly the most profitable but as has been pointed out it is a very slow and time consuming method of acquiring gold, which is also reliant on people wanting to buy your GBP. The second method is much faster but also much more costly.
Buying Gold
The third and final way to acquire gold is to buy it directly from eRepublik. Some people use this method and others dislike this method but at the end of the day it is totally up to you on how you acquire gold. The table below contains the current costs of gold however there is often 30% extra days which you should watch out for if you do intend to buy gold.
So you have acquired a massive Gold hoard. You can no longer afford the security details to protect it 24/7 so you decided to spend some, what are your options?
Political
Creating your own Political Party within the game will cost you 40 Gold
As the Country President or member of Congress an Issue money law can be issued (Though this should never ever be done without prior discussion and approval). This cost will cost the country about 0.005 Gold for 1 GBP
Militarily
Starting an official War by declaring another country as Natural Enemy will cost the country a minimum of 200 Gold.
Boosting
Gold can be used to boost your daily training. The table below outline the costs
Economical
Buying various currencies using the Monetary Market, the cost will vary.
Buying a company from the companies for sale section, again cost will vary.
Obtaining an export license for other countries in order to sell your goods on their market. This costs 20 Gold
Upgrading your company's customization level upgrade. The cost varies depending on the level you are moving from and to.
Creating you very own companies can cost various amounts of gold. To find out how much see the table below
Other Uses
Improving your health costs 0.5 Gold
Creating yourself a newspaper cost 2 Gold
Buying energy bars cost 5 Gold
So if you’re thinking about buying gold or spending some of you vast hoard then you now have a clearer picture of the things you can do. If you do decided to spend of you gold on companies it would be a good idea to check the MoF earlier article [MoF]What to do with your money ?.
This contains details on long term projections on various companies.
Master Hofkens
Alan Hammond
Ministry of Finance
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Comments
Good info
Voted and shouted!
v15
is it still possible to sell currency for gold?, i'd assume no one with any sense would buy it as they could just put there gold for sale say 2k each at it would fly with current prices at 2400, i can't see anyone being impatient enough to buy at 1000,
nice article tho and an interesting read, voted
You can sell GBP for gold. And it is good income 1 gold for 1k GBP. I get a few each month this way.
Voted and shouted.
v19
good info
V24 S145
So do you need to pay gold to train at the higher level training camps?
unfortunately yes the other 3 trainign camps cost gold, theres one for 0.19g, 1.49g and 1.79g these can be upgraded using gold too, if you get the chance it is well worth saving up the gold to upgrade the free to use training centre (buy when theres an offer on tho as it'll cost 40% less gold)