Monetary Market Tips and Tricks!
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by Emperor Rick
I want to share with you some tips and tricks when using the Monetary Market. It's not just for buying and selling gold, you can make considerable profits between currencies and even help out foreign nations with weak economies.
My goal is to increase activity in the amount of users who put their money into the system. With more activity, the greater opportunity there is to make a profit!!!
Let me share with you an example of a successful transaction I made in the past.
A few weeks ago the price of a Q5 tank in the US was only $17.43USD, while in Canada the price was $40.00CAD. I purchased 30 Q5 tanks in the US for $522.90 and sold them in the Canadian market for $1,200CAD.
The price difference between the US and Canada can be explained because of multiple factors. The US has a larger population and thus a larger economy automatically. Canada was fighting the Swedes at the time which drove up the demand for high quality weaponry.
I now have $1,200CAD, it's time to look at the Monetary Market.
I have two choices... use my CAD to buy USD quickly, or sell my CAD and wait for someone to buy it up.
If I purchase USD I would make $603.01USD that's a $80.11 profit or
If I sell my CAD I would make $1,791.04USD that's $1,269 profit
I do the same thing in Japan! All you need is a market license.
The options to make this kind of money is not limitless. Look at the prices of our market vs a foreign nation (beware of import taxes), look at the monetary market (the ratio between currencies can change and make this whole process unprofitable), be mindful of the political arena - how will prcies be affected in the next few weeks?
Right now it's unprofitable to sell in Canada.. (our prices have increased due to the war & the ratio at the moment isn't favorable). Take some time and write out a scenerio and see if what you're about to do will make you money.
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Comments
voted, there is money to be made if you do it right, good article Rick
good article to point out to those who haven't thought about international trading yet. I'm linking this in my next article
Well-written and thought out. It's unfortunate that the disastrous game mechanic changes over the last few months have essentially destroyed all currencies' original values... I can't remember the last time I actually bought or sold gold/JPY (my home currency). I am one of the lucky older players who is basically now self-sufficient (my iron mines and farms produce enough raw materials to fuel my weapons and food factories).
I guess this kind of speculation is one of the few remaining interesting things to do in this game. Kudos again! Voted + already subscribed!
LOL, oldskool Canadian one dollar bill.
we haven't used that since the 80's
vote o/
These are facts, but be very careful about taxes and the geopolitics of the world. They can make or break you.
you are now a contestant, Rick. Like what I mentioned earlier I linked this article to Choose Your News http://www.erepublik.com/en/article/choose-your-news-1802575/1/20
cool, thanks Darkskye
Wooooot, I have 200 subs now!
Awesome read. I do the same with gold myself. Subscribed!
Excellent read!