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  This is an article / section of Goldentowns, a town construction, political and military simulator in wich virtual gold can be exchanged for real cash, at a fixed rate.  
 
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The Gold Reserve
written by 4 years ago by chelu45 from Romania
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GoldenTowns is the first game that I know where the currency is backed up by real gold. It\'s really cool to know that you just extracted 0.1 virtual gold and it\'s really GOLD. But what do they mean by backed up by gold ? It\'s easy. If tomorrow no one wants to buy your virtual gold no matter the price, then you can sleep peacefully. You can make a request to exchange your virtual gold for real gold and in 5-6 days you will receive a package home containing 24k gold bullion.
 

GoldenTowns is the first game that I know where the currency is backed up by real gold. It\'s really cool to know that you just extracted 0.1 virtual gold and it\'s really GOLD. But what do they mean by backed up by gold ? It\'s easy. If tomorrow no one wants to buy your virtual gold no matter the price, then you can sleep peacefully. You can make a request to exchange your virtual gold for real gold and in 5-6 days you will receive a package home containing 24k gold bullion.

We all noticed that the reserve increases. But how long will it grow from now ? Vlad Cristian (head of anno Labs) says the company already has the gold to increase the reserve over the next three years at the current rate. Probably we are talking about 1kg of pure 24k gold (50,000 euros at current price). Right now, the reserve increases by 0.864 g / day (25 grams / month), but from what I understand the speed could be increased in the future, but it will NOT be reduced in the next 3 years.

Because there are only 100,000 gold in circulation, this means that every day, you have to pay LESS virtual virtual gold for real gold:

 

august 2013 : 70 grams, 1 real gold = 1400 virtual gold
september 2013 : 100 grams , 1 real gold = 1000 virtual gold
october 2013 : 125 grams, 1 real gold = 800 virtual gold
november 2013 : 150 grams, 1 real gold = 666 virtual gold



 
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