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    Author Topic: Crypto Kingdom - 1991 Retro Virtual World(City)  (Read 632760 times)
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    rpietila (OP)
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    October 05, 2015, 12:18:07 PM
     #2301

    Gold is another thing that was first trading in a very liquid way for a short time in early august, but was then itemized and actually lost most of its liquidity as a result. This is now coming back as our gold markets start.

    The intention is to allow gold to be traded in two-tier markets, same as what happens world over. The price-setting market is for large standard items, here HM02B100 gold bars. One costs currently the same as a nice house, so the comparison to LBMA good delivery bar (12,5 kg Au) is very fitting.

    As a result of the previous market, gold midprice is achieved. The other tier allows you to sell your gold items so that the price is defined as midprice+X% and calculates automatically. This is similar to earlier p.o. trading. King's Coinshop's market backing activity is restored.

    Gold price denominated in EUR reached 0.425 in March-2015 (and more in August). Now it is at 0.212, making the house where I type this, much more valuable than the whole of CK. Well, sell price only matters if you intend to sell Wink As is hopefully the general consensus as well, I am not here for short term gains, and see these prices as a buying opportunity, and that 0.212 will be written in gold inscription to the Agora gold trading room.


    Deposits must be made manually to saddambitcoin for some time still. We have not yet had the opportunity to fully read everyones' wishes for the priorities. When deposits are enabled, withdrawals will be enabled as well. So the net effect on valuations is unclear - in theory there might be people who want to cash out, but in practice there has been a year of lull and still it has not happened even now (the difficulty for manual trade is not that big). On the other hand, many might want to play just for the trading aspect, and require withdrawal in order to deposit, and automatic is better than manual.

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