Simcountry
Forum General Gold Coins Market liquidity crisis

Gold Coins Market liquidity crisis

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Quetzalcoatl

All worlds
20 Apr 2012 21:01Link
There are no requests to buy game money, the GM should be the liquidity of last resorts, when there are not requests to buy game money this is where the GM should step in to provide liquidity.
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Quetzalcoatl

All worlds
20 Apr 2012 21:14Link
Also who likes my new avatar.
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Quetzalcoatl

All worlds
20 Apr 2012 21:52Link
Andy can you add a large amount of coins for game.
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Christopher Michael

All worlds
20 Apr 2012 22:57Link
Cool avatar Quetz.

And yes, I agree it is irritating not to be able to buy gold coins when you want to! I need them to buy pop, and am having to wait....not cool.
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Andy

All worlds
21 Apr 2012 00:35Link
We think that this market should return to the players.
we were accused of dumping all kinds of things into the market. players should trade gold coins between themselves.
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Keto

All worlds
21 Apr 2012 00:47Link
I put up some money requests to help out. Let me know if you need more offers
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Quetzalcoatl

All worlds
21 Apr 2012 02:09Link
Got it andy thanks for the explanation, and thanks keto.
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Quetzalcoatl

All worlds
21 Apr 2012 02:11Link
Keto if you did out up some money requests it looks like they are all gone, they where all bought up.
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Kitsune

All worlds
21 Apr 2012 02:16Link
Sorry :P
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Keto

All worlds
21 Apr 2012 02:28Link
lol
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Keto

All worlds
21 Apr 2012 02:37Link
more offered
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Christopher Michael

All worlds
21 Apr 2012 04:01Link
If there were constant gold coin offers like the gazillion cash offers, this would not be an issue.

This decision bites.

(Thanks for the offers Keto)
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Andy

All worlds
21 Apr 2012 10:33Link
There are many gold coins bought each day and new players joining as premium players.

these players need cash for their gold coins.
we have also removed ourselves from that part of the market and the sale of game money for gold coins is in the hands of the players.
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Redman

All worlds
21 Apr 2012 20:01Link
With the amount of sources for game cash it makes perfect sense for players to totally control the game cash market. But, with limited sources to make GC's it seems unreasonable to put the sole burden of supplying the game with GC's on the players shoulders.

The only way to even make GC's is to Earn them in rewards, which as a new player you tend to use when you get them or save up for future cost such as enterprises and additional countries on other worlds costing 30GC's each a month. Becoming a premium member, which again, lends itself to spending them and NOT putting them up in a market which new people barely understand in the first place, much less how important you have now just made it.

In addition, the limitations put on Monthly GC rewards now seems even more unreasonable then previously with you now dumping the GC market on us. There is just not enough ways to seemingly make enough GC's to supply to such a m
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Crafty

All worlds
21 Apr 2012 20:44Link
I will buy cash for coins. Post your best offers here as I wont accept silly exchange rates.
If, as Andy says, this market has been left for us to control then I expect to see an increase in the value of cash.
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Sunny

All worlds
22 Apr 2012 00:52Link
Game was better when all this GC business wasn't here.
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Christopher Michael Thompson

All worlds
22 Apr 2012 01:37Link
I'll say it again......this decision is HORRIBLE!

REVERSE THIS ANTI-PLAYER, INCONVENIENT POLICY!!!

This is NO good reason for not offering gold coins GM.
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OutKast

All worlds
22 Apr 2012 02:01Link
As i stated in my other post, its going to be extremely hard to keep enterprises extended, countries in war protection, and buying boosters. I like the idea that the Game Masters are trying to make the game more realistic, but whats realistic about buying 1 million people in population to begin with. If buying war protection, i figure it should be the Security Council that enforces this, but the coins spent on War protection goes to the Gm's, where i guess there just..cease to exist. If you wanted to create a realistic market as such as limiting how many gold coins are on each world, then like i said in the other post, have it where game money can buy war protection, buy boosters and population and extend empires along with membership also.
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OutKast

All worlds
22 Apr 2012 02:19Link
Then this way, theres always the same ammount of gold coins availible, theres no where near enough gold coins to supply a market like this. In a world where you must have coins instead of money to buy things you need, i figure this will make it where you must have defences in each country other than the leader. Its more simple to have a defence than to spend 6 coins for 3 game months of war protection, im in favor of change, but this needs more light shed on it, within days my war protections run out, and i need to make the decision to spend my last few coins to extend it again, or to start setting up defences. Please respond quickly as time is running out.
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maclean

All worlds
22 Apr 2012 05:05Link
We'll trade thru virtual assets if the game has come to that. We'll have to start a dedicated trading thread here on the forum. I imagine it will be like the GC trading page, only without limits. A little inconvenient, but if GM is gonna cut off the supply AND put arbitrary limits on the pricing, I don't see that we have any choice. Once again.
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Jo Salkilld

All worlds
22 Apr 2012 05:22Link
Andy - Redman has a point.

As players we can make SimCountry cash on a monthly basis, but Gold Coins are only available if you extend registration or win a level or ranking award. The Gold Coins that are available through those limited means are generally only enough to extend your countries or enterprises to match your gaming period. If there are any extra, most people use them up in boosters for their slave countries or to buy population or cargo shuttles.

Without the GMs putting them onto the market, the amount of Gold Coins available to the player base is finite. What's more, the GMs receive many of them back in payment for extending registration etc.. Is it not right that they put them back on the market for players to exchange for cash?

Andy, you have stated your wish to see GCs increased in value and cash devalued accordingly. This move is going to reverse that trend, as Crafty points out. As GCs become more scar
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Tom Morgan

All worlds
22 Apr 2012 06:38Link
Looks like people are selling off game cash in a hurry. Another disaster for the GMs.
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Quetzalcoatl

All worlds
22 Apr 2012 08:45Link
With out gold coins on the market direct market trading will die down.
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Rick

All worlds
22 Apr 2012 10:22Link
"A riddle, wrapped in a mystery, inside an enigma."

(The GMs pulling out of the GC and Money Supply.)

You have been for months involved in the supply side to adjust the numbers downward.
Evidently you have accomplished that.

Then overnight you pull out..........

If you have GC bills due tomorrow and no GC today, suddenly, no GC is available to you and need to get the plastic out.

I would guess that a very small percentage of GCs in circulation actually come from Rankings and Levels. A much bigger percentage due to SC dollar purchases.
Would you please reconsider and get back into the supply side, at least temporarily until players can get adjusted a bit?

Was there a reason you didn't give advance notice on this?
Do you intend to keep the 73 -79 cost spread, or is that subject to change?
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Andy

All worlds
22 Apr 2012 14:36Link
Jo,

I always listen carefully to what you say.
In this case, you should read your own text again and realize what you are saying.

In your opinion, players can have many countries and enterprises making a bunch of money (Quote from a player: "This enterprise should make 1T of profit per game month").

the money is then exchanged for gold coins coming from the GM.
some are used to pay for a the privileges and for the extension of the accounts, some can probably be used to ask the GM to pay $ 25 per 500.