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blankseplocked Mineral Reserve Investors Wanted ___ 0.92 ISK/MRD
 
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Manivald Kostaja
Posted - 2009.12.08 06:37:00 - [31]
 

is this commodity money good for a newbie who fears that isk is going to lose its value?

Alvert
Posted - 2009.12.08 15:04:00 - [32]
 

I Like it as an insurance against mineral fluctuations for my store that i maintain. I eventualy will have equivalent amount invested in MRDs as I have sale stock.

There is very little speculation on it since there are constantly created Buy and sell orders that maintain a pseudo-cap. The volumes traded are tiny though so if some big ass Investor decides to poor a bil in it he can buy up most of the stock in one step. Now of course, as I say this someone bought up all my MRDs up to and including 0.98isk. Its nice when your insurance pays you:p

Its certainly small investor friendly, there isint a sale order over 85mil right now so its not like we are squashed by giants.

Im not too sure if non-manufacturers need to care about an eventual rise in mineral prices since the mission loot and mined minerals that constitutes their income would go up too.

I wouldent suggest this as an investment for people wanting to play speculator though. Thats what BSAMR is for :p


small chimp
Posted - 2009.12.08 17:16:00 - [33]
 

Originally by: Alvert
I Like it as an insurance against mineral fluctuations for my store that i maintain. I eventualy will have equivalent amount invested in MRDs as I have sale stock.




But won't you go to bankcrupt if the mineral prices keep going down?

SencneS
Rebellion Against Big Irreversible Dinks
Posted - 2009.12.08 17:26:00 - [34]
 

Originally by: small chimp
But won't you go to bankcrupt if the mineral prices keep going down?


You're investment loses ISK value, but you still have a massive amount of an alternative "currency".

It would be like buying YEN when the YEN is down, and selling when it's high. However, the YEN holds the same value in Japan. If it costs 1,000 YEN for a can of coke, it doesn't matter if the YEN on the global market is high or low, the can of Coke is 1,000 YEN in Japan.

If you read Block's reason for MRD's you'll get where I'm going with this, but You'll have to read to understand Twisted Evil

Alvert
Posted - 2009.12.08 18:45:00 - [35]
 

Originally by: small chimp


But won't you go to bankcrupt if the mineral prices keep going down?


Well I couldent go bankrupt but I would end up with less money then i started (unless i just wait it out till it goes back up).

However we are at heavy insurance fraud levels (heck even im doing it) Just how much lower can minerals go? A few percentage I dont care particularly, thats the cost of insurance. But a 10% drop? Now? Id be making over 10mil a popped BS, I wouldent care that my MRDs are worthless making money like that :p

pretty much everyone expects mineral demand to go up in the coming future with war restarting so I cant imagine it going anywhere but up, I did price my MRD resale under Max expected level so I will be leaving the MRD market around its expected peak. Block provides handy history graphs of MRD prices I suggest you look at them to decide if its worthwhile to invest now.


Block Ukx
Forge Laboratories
Posted - 2009.12.09 04:23:00 - [36]
 

Originally by: Manivald Kostaja
is this commodity money good for a newbie who fears that isk is going to lose its value?


Yes. At present the mineral market has reached the point where insurance is preventing it from collapsing. I have no doubt in my mind that ISK/MRD will eventually go up. Historically, 0.91 ISK/MRD is at the bottom of the scale.


Block Ukx
Forge Laboratories
Posted - 2009.12.10 03:30:00 - [37]
 



ISK/MRD holding at 0.91 ISK.

New accounts will have to wait till tomorrow.



SiJira
Posted - 2009.12.10 21:24:00 - [38]
 

block ukx is a trusted md elite

Rabid cat
Garoun Investment Bank
Posted - 2009.12.11 16:21:00 - [39]
 

I would like to buy these and I sent that one mil some time ago but no response yet. :(

Block Ukx
Forge Laboratories
Posted - 2009.12.11 19:28:00 - [40]
 


We have deployed a new version of the Exchange - menus have changed. In addition we added a classifieds section.


ISK/MRD +0.01

Account details sent




Block Ukx
Forge Laboratories
Posted - 2009.12.14 03:15:00 - [41]
 



Nocxium prices on the rise pushing ISK/MRD UP +0.01



Block Ukx
Forge Laboratories
Posted - 2009.12.15 05:30:00 - [42]
 

Edited by: Block Ukx on 15/12/2009 05:29:58


Nocxium and Pyerite pushing ISK/MRD UP +0.02



Pilious
Fusion Enterprises Ltd
Morsus Mihi
Posted - 2009.12.17 03:03:00 - [43]
 

Sent isk to open account

Pilious

Block Ukx
Forge Laboratories
Posted - 2009.12.17 03:27:00 - [44]
 



After a short spike, Nocxium prices dropped 10 ISK per unit lowering ISK/MRD DOWN -0.02

Account details sent





Block Ukx
Forge Laboratories
Posted - 2009.12.18 23:55:00 - [45]
 


No updates, new accounts, or trades while API is down.



Pulivin Motic
Caldari
Outer Limits Trading Company
Posted - 2009.12.19 01:14:00 - [46]
 

So is this exchange like irl when traders purchase one countries currency when its worth less and then convert it back to their own currency when it is worth more? (I probably made it even more complicated than it really is)

Block Ukx
Forge Laboratories
Posted - 2009.12.19 01:28:00 - [47]
 

Originally by: Pulivin Motic
So is this exchange like irl when traders purchase one countries currency when its worth less and then convert it back to their own currency when it is worth more? (I probably made it even more complicated than it really is)


Yes, very similar idea with MRDs. I would say MRDs are very similar to buying gold.


Block Ukx
Forge Laboratories
Posted - 2009.12.21 02:03:00 - [48]
 


- API Back online -

ISK/MRD DOWN -0.01

Account details sent



Block Ukx
Forge Laboratories
Posted - 2009.12.28 19:18:00 - [49]
 



MRDs remain stable around 0.91 ISK

ISK/MRD DOWN -0.02

Login Information sent


Block Ukx
Forge Laboratories
Posted - 2009.12.31 04:39:00 - [50]
 



Login Information sent


Block Ukx
Forge Laboratories
Posted - 2010.01.01 17:22:00 - [51]
 



It is not too late to invest. Check us out!


SencneS
Rebellion Against Big Irreversible Dinks
Posted - 2010.01.01 22:47:00 - [52]
 

Some day, maybe sooner then later, the mineral basket will sky rocket because of all this "Insurance" collection going on, when that happens MRD's will go sky rocket with it.

For those that don't quiet understand, MRDs are like investing in the price of all minerals. You could do the same by buying some of each mineral. As the over all price of all the minerals combined goes up or down, so does the MRD price.

At 0.90 ISK it means that the mineral basket is 10% below value to what it should be. If you want to invest in Minerals, nows a good time, either do it yourself by buying sets of minerals or purchase MRDs, and have BSA do it for you. Either way minerals are CHEAP at the moment..

Khan Nnumanolog
Posted - 2010.01.02 03:57:00 - [53]
 

Sent ISK to open account

Block Ukx
Forge Laboratories
Posted - 2010.01.02 21:15:00 - [54]
 


Pyerite pushing ISK/MRD UP +0.03


Login details sent

Corp Management
Posted - 2010.01.03 15:17:00 - [55]
 

to date, Has there been any external audits of your exchange? if so, please post results. if not, please explain why? saying "block does all the audits, there's no need" simply isn't true. all businesses (in RL or in EVE) should occasionaly have an independant and unbiased set of eyes look through the books. this helps to ensure that everything is running as it should and that it is safe to continue doing business through your service.

Block Ukx
Forge Laboratories
Posted - 2010.01.03 16:29:00 - [56]
 

Originally by: Corp Management
to date, Has there been any external audits of your exchange? if so, please post results. if not, please explain why? saying "block does all the audits, there's no need" simply isn't true. all businesses (in RL or in EVE) should occasionaly have an independant and unbiased set of eyes look through the books. this helps to ensure that everything is running as it should and that it is safe to continue doing business through your service.


There hasn't been any external audit of the Exchange. However, the Board of Directors have direct access to all transactions conducted in the BSAC Exchange. I strongly recommend investors to inspect their accounts. In the past, we have quickly resolve any errors in the stock ledger in the few instances we have had some discrepancies.




Marcus Baltar
Savaran Zhayedan Spah
Posted - 2010.01.03 17:03:00 - [57]
 

Originally by: Block Ukx
There hasn't been any external audit of the Exchange. However, the Board of Directors have direct access to all transactions conducted in the BSAC Exchange. I strongly recommend investors to inspect their accounts. In the past, we have quickly resolve any errors in the stock ledger in the few instances we have had some discrepancies.

I can confirm that Block does investigate user reported discrepancies in the Exchange, even if they are not the Exchange's fault. EmbarassedSmile

I can report that I have a 3 ISKlet (0.03 ISK) error in my favour from nearly 4.5 billion ISK of trades on the Exchange over 4 weeks since my last personal self administered audit.

SencneS
Rebellion Against Big Irreversible Dinks
Posted - 2010.01.03 18:40:00 - [58]
 

Originally by: Block Ukx
However, the Board of Directors have direct access to all transactions conducted in the BSAC Exchange. I strongly recommend investors to inspect their accounts. In the past, we have quickly resolve any errors in the stock ledger in the few instances we have had some discrepancies.


I can confirm this statement, the Transaction logs for users and the exchange is available. The transactions are of a very simple nature and information is stored digitally with virtual shares. This makes it very little to audit from the exchange perspective. If you guy 1 Share, you get 1 Share it's not much to audit. I check the transactions logs every so often and have no come across any significant issues.

If anyone has concerns about their transactions I encourage any on to get in contact with myself or any one of the Board of Directors for assistance is auditing their records.

Poison
Forge Laboratories
Posted - 2010.01.04 04:20:00 - [59]
 

Also block will allow an audit done but the asker pays and it has to be a know trustworthy auditer.

Clementina
The Scope
Posted - 2010.01.05 02:19:00 - [60]
 

What if you buy a bunch of these things and hold them. Then in the future you wish to take physical delivery.

Do you get issued minerals?


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