Money Market

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Money Market

Post by Olv007 on 2012-03-22, 22:07

Just saw that there was... 5260 offers on the Money Market to exchange BEF for gold.

Does that mean that we see now all the offers of the e-world, making it almost impossible to exchange local currency for gold?
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Re: Money Market

Post by Boklevski on 2012-03-22, 22:28

Yup.

That is a pretty good summary of how the admins f*cked it up, yeah.
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Re: Money Market

Post by Jofroi on 2012-03-22, 23:52

There is no more a local currency, only gold and a kind of global one.

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Re: Money Market

Post by Bert_en_Ernie on 2012-03-23, 07:58

Jep changing money is almost out of the question now. I propose we set up our own offers on the forum. create a sort of black market for the ebelgian people who want to change money. Like this people who need gold and people who need currency can help each other and everything stays in eBelgium.
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Re: Money Market

Post by goopypants on 2012-03-23, 08:26

you don't need to change money, and with the global exchange the rates should be as "reasonable" as possible.

by buying gold on the market, the gold seller may be polish, argentinian, whatever.

It actually means there is far more liquidity than before.
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Re: Money Market

Post by Bert_en_Ernie on 2012-03-23, 08:31

Yes there isn't a liquidity problem but if you want to change BEF to gold your gold almost never gets sold. If we organise this on our forum perhaps eBelgians can benefit from it. I'm not an economic expert so perhaps I'm missing something.
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Re: Money Market

Post by Nohjis on 2012-03-23, 09:41

That is because you can sell your gold within minutes. The exchange market to sell your BEF for Gold is completely useless.

If I want to buy 10.000 BEF, I put a Gold offer on the market and sell within the first minute or so at 1,6-1,7x the rate you're offering on the other market. If you want to buy Gold, it'll only be possible at the inflated prices, it's the new market reality.
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Re: Money Market

Post by NLSP on 2012-03-23, 10:00

Nohjis wrote:That is because you can sell your gold within minutes. The exchange market to sell your BEF for Gold is completely useless.
Please keep saying that, and make sure that people don't put their BEF on the market
this way, I have more chance to get sell my BEF

I have in the last 2 weeks sold 28000 BEF for 28 gold
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Re: Money Market

Post by Nohjis on 2012-03-23, 10:04

NLSP wrote:I have in the last 2 weeks sold 28000 BEF for 28 gold

You find that much stupid people ? affraid
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Re: Money Market

Post by NLSP on 2012-03-23, 11:45

yep Smile
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Re: Money Market

Post by Boklevski on 2012-03-23, 12:52

Well, must be luck, NLSP, because my offers all expired... :/
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Re: Money Market

Post by NLSP on 2012-03-23, 13:19

well just before your offers expire, they come on the top of the list.
Many people want to do some gold training just before/after daychange and notice they need some gold (or that is what happens for me and what I think also happens for others)
make sure your offer expire just before/after daychange

or maybe the gods are rewarding me for being such a lovely character Smile
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Re: Money Market

Post by goopypants on 2012-04-30, 09:02

Just checked, and there are around 582 pages (10 offers per page) of CC for gold at a rate of 0.001.

As was said, the best way to sell BEF for gold is to post an offer right around day change. When your offer is about to expire, it ends up at the top of the list. Problem is you can only post one offer and it has to almost expire before its at the top.

Oh well.
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