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1.5.21: Market fee for gold bars is now at 2.5% (instead of 3%)
This will allow more room for profit for all traders. By utilizing Indian Company and Duke bonus you can maximize your profit.
Here is an example with current rates:
Gold Bars sell for 2781 in Thorakas - 600 crates of Gold Bar will cost you 1,717,300 Gold coins.
Prote buys them for 2991 per crate - 600 crates will sell for 1,849,250 Gold coins.
A profit of 132k for one trip.
If you use Duke bonus (let's say you are a Mexican Duke, as Prote is Mexican) then we will add 2.5% (roughly 46k bonus)
If you also do it on automatic trade route on 5xEnglish Indian Company using Large Merchantmen, add a further 2.5% (another 46k bonus).
Total bonus amounts to 92k + 132k = 224k profit for 1 trip.Right now, the best way to utilize this kind of trading is obviously manual trades,either scheduled or by utilizing warehouses.
If you wish to automatize it, it will need a lot of tuning to make it work reliably. Here are some tips for automatic setup:
1)Employ fleets specifically for this reason. Make the fleet as fast as possible. Use a Treasure Fleet voodoo card on them to avoid danger. Using 1 or 2 warships as escort might be a good idea as skirmish will be launched in the near future.
2)Set the price difference according to your needs but avoid less than 5% difference to avoid running negatively. Best use at least 6% difference. Remember, market fee is 2.5% on buying and 2.5% on selling. If you use both bonuses you will completely negate the market fee.
3)You can use all your merchant fleets to also trade gold bars spontaneously. This requires careful planning at the moment as the fleets will not sell or offload the gold bars if the buy price is not met. This means that you can have a trade fleet going circles without selling anything as the price will not be met. While this should be good enough for a fleet destined for this purpose it is not good for a regular trade fleet. Soon however, we will resolve this issue with an extra trade route option.
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1.5.20: There is no longer a limit in how many loans a bank can issue per client.
Since the clients are already limited by the account balance and banks are private business run by players, we found this restriction uneeded. We even wondered why we put it there at first place. Probably to push players to use multiple banks. Well, it is off now and we are preparing some laws that will help both nations and banks.