-__-high gold prices

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Comments

  • IceJazmin - Heavens Tear
    IceJazmin - Heavens Tear Posts: 4,206 Arc User
    edited August 2009
    Nakhimov - Lost City wrote: »
    Sure it would, you'd free up a slot in your inventory b:chuckle

    So does droping them while doing WQs.....
    Too often we loose sight of life's simple pleasures. Remember, when someone annoys you, it takes 42 muscles in your face to frown, BUT, it only takes 4 muscles to extend your arm and slap that mother#$@%#^! upside the head.
  • Lloic - Lost City
    Lloic - Lost City Posts: 9 Arc User
    edited August 2009
    IceJazmin - Heavens Tear wrote: »
    The NPCs would have to sell the hammers for 1mill each.... Which would make no sense....

    If you were to sell the hammers for less than 1 million each, than you would be adding to the inflation by dumping even more coins into the economy.

    Why for a mil? Also, I think that since you get that chest for coins, A small coin reward would be okay even if it adds more coins to the economy... If it doesn't, who would buy it.
  • Nakhimov - Lost City
    Nakhimov - Lost City Posts: 1,829 Arc User
    edited August 2009
    Lloic - Lost City wrote: »
    Why for a mil? Also, I think that since you get that chest for coins, A small coin reward would be okay even if it adds more coins to the economy... If it doesn't, who would buy it.

    sell the hammers for 999.999 coins?
    Bladestorm lets you spin around like a carnival ride and do damage. Not using it is almost like having a move called Confetti Rocket Power Leap and saving it for "emergencies"
    [SIGPIC][/SIGPIC]
    Nakhimov the Kingslayer of Kil'Jaeden's <Criminal Scum>
    wowprogress.com/guild/us/kil-jaeden/Criminal+Scum
  • Lloic - Lost City
    Lloic - Lost City Posts: 9 Arc User
    edited August 2009
    Nakhimov - Lost City wrote: »
    sell the hammers for 999.999 coins?

    I mean sell it for something where it is actually worth it for people. If its for that much coins, its better jsut to sell the box.
  • Nakhimov - Lost City
    Nakhimov - Lost City Posts: 1,829 Arc User
    edited August 2009
    Lloic - Lost City wrote: »
    I mean sell it for something where it is actually worth it for people. If its for that much coins, its better jsut to sell the box.

    Hence why people just sell the box so the rich nub cashshoppers can use them b:chuckle
    Bladestorm lets you spin around like a carnival ride and do damage. Not using it is almost like having a move called Confetti Rocket Power Leap and saving it for "emergencies"
    [SIGPIC][/SIGPIC]
    Nakhimov the Kingslayer of Kil'Jaeden's <Criminal Scum>
    wowprogress.com/guild/us/kil-jaeden/Criminal+Scum
  • Lloic - Lost City
    Lloic - Lost City Posts: 9 Arc User
    edited August 2009
    Nakhimov - Lost City wrote: »
    Hence why people just sell the box so the rich nub cashshoppers can use them b:chuckle

    People do do that. b:chuckle Anyways, that was jsut an idea...
  • IceJazmin - Heavens Tear
    IceJazmin - Heavens Tear Posts: 4,206 Arc User
    edited August 2009
    Nakhimov - Lost City wrote: »
    It's to fix gold price around 200k, or at least I think that's the idea.

    And a bad one at that b:chuckle

    It is actualy not a bad idea if you look long term. Remember, PW has been around for 4-5 years in other places, so the company does have a pretty good idea how the in-game economy works. If you look at older versions of PW, their gold is trading at 400k+.
    Too often we loose sight of life's simple pleasures. Remember, when someone annoys you, it takes 42 muscles in your face to frown, BUT, it only takes 4 muscles to extend your arm and slap that mother#$@%#^! upside the head.
  • Nakhimov - Lost City
    Nakhimov - Lost City Posts: 1,829 Arc User
    edited August 2009
    IceJazmin - Heavens Tear wrote: »
    It is actualy not a bad idea if you look long term. Remember, PW has been around for 4-5 years in other places, so the company does have a pretty good idea how the in-game economy works. If you look at older versions of PW, their gold is trading at 400k+.

    It'd be great if the gold price was actually based on the coin boxes, but alas, the other items (eg fash) are primary in CS spending.
    Bladestorm lets you spin around like a carnival ride and do damage. Not using it is almost like having a move called Confetti Rocket Power Leap and saving it for "emergencies"
    [SIGPIC][/SIGPIC]
    Nakhimov the Kingslayer of Kil'Jaeden's <Criminal Scum>
    wowprogress.com/guild/us/kil-jaeden/Criminal+Scum
  • IceJazmin - Heavens Tear
    IceJazmin - Heavens Tear Posts: 4,206 Arc User
    edited August 2009
    Lloic - Lost City wrote: »
    I mean sell it for something where it is actually worth it for people. If its for that much coins, its better jsut to sell the box.

    If you sell the box to another player, you are just transferring money from one player to another, you are not adding coins to the economy, unlike if you get the coins from a NPC.

    Prices go up when there are more coins in the economy, since that means people have more disposable income, which means, they are willing to pay more for stuff.
    Too often we loose sight of life's simple pleasures. Remember, when someone annoys you, it takes 42 muscles in your face to frown, BUT, it only takes 4 muscles to extend your arm and slap that mother#$@%#^! upside the head.
  • IceJazmin - Heavens Tear
    IceJazmin - Heavens Tear Posts: 4,206 Arc User
    edited August 2009
    Nakhimov - Lost City wrote: »
    It'd be great if the gold price was actually based on the coin boxes, but alas, the other items (eg fash) are primary in CS spending.

    Fashion has its own market..... That is why different color fashion goes for different prices, and those prices have nothing to do with gold price or anything else for that matter.
    Too often we loose sight of life's simple pleasures. Remember, when someone annoys you, it takes 42 muscles in your face to frown, BUT, it only takes 4 muscles to extend your arm and slap that mother#$@%#^! upside the head.
  • Nakhimov - Lost City
    Nakhimov - Lost City Posts: 1,829 Arc User
    edited August 2009
    IceJazmin - Heavens Tear wrote: »
    Fashion has its own market..... That is why different color fashion goes for different prices, and those prices have nothing to do with gold price or anything else for that matter.

    You can't tell me that fash doesn't affect gold price. It's a huge part of the demand, I'm sure.
    Bladestorm lets you spin around like a carnival ride and do damage. Not using it is almost like having a move called Confetti Rocket Power Leap and saving it for "emergencies"
    [SIGPIC][/SIGPIC]
    Nakhimov the Kingslayer of Kil'Jaeden's <Criminal Scum>
    wowprogress.com/guild/us/kil-jaeden/Criminal+Scum
  • Lloic - Lost City
    Lloic - Lost City Posts: 9 Arc User
    edited August 2009
    IceJazmin - Heavens Tear wrote: »
    If you sell the box to another player, you are just transferring money from one player to another, you are not adding coins to the economy, unlike if you get the coins from a NPC.

    Prices go up when there are more coins in the economy, since that means people have more disposable income, which means, they are willing to pay more for stuff.

    I'm talking about profit when you sell the box, you would make more than if you were to buy a hammer for 999,999 coins. Also, you can get coins in alot of ways in pw and theres other events that give coins too. So why not stop those events also since its jsut adding coins. TW adds a large amount of coins to the game.
  • IceJazmin - Heavens Tear
    IceJazmin - Heavens Tear Posts: 4,206 Arc User
    edited August 2009
    Nakhimov - Lost City wrote: »
    You can't tell me that fash doesn't affect gold price. It's a huge part of the demand, I'm sure.

    Look at fashion in AH...... The prices of faction have no correlation to gold prices what so ever. I have seen plenty of skirts going for 100k, when it costs 3 gold to buy, and I have seen the same skirt going for 3mil if it is pure black....

    Items with horribly ugly colors sell for way less than cost of the gold needed to buy them in the first place, specialy if they need lots of dyes to "fix". Black fashion or pure white goes for 10 times the gold cost, at least... Than you have everything else in-between....
    Too often we loose sight of life's simple pleasures. Remember, when someone annoys you, it takes 42 muscles in your face to frown, BUT, it only takes 4 muscles to extend your arm and slap that mother#$@%#^! upside the head.
  • Nakhimov - Lost City
    Nakhimov - Lost City Posts: 1,829 Arc User
    edited August 2009
    There's still a relation there, since dyes are related to gold price too.
    It's just more factors than direct gold price.
    Bladestorm lets you spin around like a carnival ride and do damage. Not using it is almost like having a move called Confetti Rocket Power Leap and saving it for "emergencies"
    [SIGPIC][/SIGPIC]
    Nakhimov the Kingslayer of Kil'Jaeden's <Criminal Scum>
    wowprogress.com/guild/us/kil-jaeden/Criminal+Scum
  • Lloic - Lost City
    Lloic - Lost City Posts: 9 Arc User
    edited August 2009
    IceJazmin - Heavens Tear wrote: »
    Look at fashion in AH...... The prices of faction have no correlation to gold prices what so ever. I have seen plenty of skirts going for 100k, when it costs 3 gold to buy, and I have seen the same skirt going for 3mil if it is pure black....

    Items with horribly ugly colors sell for way less than cost of the gold needed to buy them in the first place, specialy if they need lots of dyes to "fix". Black fashion or pure white goes for 10 times the gold cost, at least... Than you have everything else in-between....

    I notice this when looking for fashion.
  • IceJazmin - Heavens Tear
    IceJazmin - Heavens Tear Posts: 4,206 Arc User
    edited August 2009
    Lloic - Lost City wrote: »
    I'm talking about profit when you sell the box, you would make more than if you were to buy a hammer for 999,999 coins. Also, you can get coins in alot of ways in pw and theres other events that give coins too. So why not stop those events also since its jsut adding coins. TW adds a large amount of coins to the game.

    If the hammer sold for 999,999 nobody would pay you more than 1 coin for the box. The reason you can sell the boxes for 150k-300k now is because gold costs less than 200k, which means the hammers cost less around 700k-900k.
    Too often we loose sight of life's simple pleasures. Remember, when someone annoys you, it takes 42 muscles in your face to frown, BUT, it only takes 4 muscles to extend your arm and slap that mother#$@%#^! upside the head.
  • vagrant0
    vagrant0 Posts: 290 Arc User
    edited August 2009
    The problem with the boxes is that although it might, in a way, set the gold price at 200k each to break even, this kinda defeats the point of even opening the box. It also doesn't do anything to help limit some sort of maximum for gold prices beyond what people are willing to pay. So is kinda fail on both ends of that argument.

    There wouldn't be a problem with gold prices being at 200k each if it wasn't for the fact that doing so ends up doubling the costs of many of the essentials of playing, such as angels, charms, esoterica, battle pet packs, and other things which were already a fairly severe cost of playing. Having to drop 50m for a legendary pet at this point, when virtually everyone else, and their dog, managed to get one at the "normal" 22-25m pricetag is a bit too much to ask for anyone who doesn't have a faction funding them. Having to spend 800k for a gold charm to last you through a TT run or extended grinding session is also a bit extreme and only serves to **** over newer players who don't have 2-3m coins coming in every week from their faction.

    With prices as they are, the only real solution would be to cut the Cash Shop prices on many of those things which people need to play the game, or create something meaningful which will suck up alot of the excess coins that some people and factions have. Too much of the game is centered around stuff in the cash shop, with very little that you actually have to buy with coins. While this earns the game money, it creates an imbalance in the economy, which is what we are only now starting to witness. When people start having to drop 1-2m for a charm, the only ones who will be able to afford to play are those with a trust fund to spend that $40 a month, or a faction which owns all the territories for that 20m a month.
  • IceJazmin - Heavens Tear
    IceJazmin - Heavens Tear Posts: 4,206 Arc User
    edited August 2009
    Nakhimov - Lost City wrote: »
    There's still a relation there, since dyes are related to gold price too.
    It's just more factors than direct gold price.

    However, the cost of fashion has not changed since I started to play this game and gold was 100k per unit....

    A pure black fairy dress is still around 1mil. like it was 9 months ago...
    A neon puke Miinx skirt is 50k-100k, while a pure black is 500k+ Meanwhile they both costed 1 gold to buy and 15 silver to dye....

    @Vagrant.

    There is nothing in the cash shop that you need to play this game.... with the exception of maybe angels if you are in a pvp server....
    Cash shop makes things easier, that is for sure, but you do not need them. I do most of my TT runs with a tank and a cleric that do not use charms, and we have no problems killing all the bosses.
    Too often we loose sight of life's simple pleasures. Remember, when someone annoys you, it takes 42 muscles in your face to frown, BUT, it only takes 4 muscles to extend your arm and slap that mother#$@%#^! upside the head.
  • Lloic - Lost City
    Lloic - Lost City Posts: 9 Arc User
    edited August 2009
    IceJazmin - Heavens Tear wrote: »
    If the hammer sold for 999,999 nobody would pay you more than 1 coin for the box. The reason you can sell the boxes for 150k-300k now is because gold costs less than 200k, which means the hammers cost less around 700k-900k.

    I'm saying the box is a reward. So if hammers were lets just say 900k, then your reward is 100k. It's jsut liek winning an event and gettign money. Also, if the game were broken becuase of all these money giving events adding coins to the economy, why not jsut remove them since it seems to be such a bad thing.
  • Lloic - Lost City
    Lloic - Lost City Posts: 9 Arc User
    edited August 2009
    IceJazmin - Heavens Tear wrote: »
    However, the cost of fashion has not changed since I started to play this game and gold was 100k per unit....

    A pure black fairy dress is still around 1mil. like it was 9 months ago...
    A neon puke Miinx skirt is 50k-100k, while a pure black is 500k+ Meanwhile they both costed 1 gold to buy and 15 silver to dye....

    I started playing since the game came out and fashion prices haven't changed. I think its mainly sales and stuff liek that that raise gold prices...
  • Brael - Dreamweaver
    Brael - Dreamweaver Posts: 1,430 Arc User
    edited August 2009
    eatwithspoons wrote: »
    I think the part that everyone is struggling with the most is overpricers, the only real way to fight it would be if enough people sold gold at a reduced price to the point where the overpricer had to reduce his sale price to make a sale. The volume would need to be high because many overpricers would just buy out the undercuts and list them back at a higher price.

    It goes without saying that this won't ever happen because people want to get as much money as they can for gold, unless there is a saint somewhere in the game with enough expendable income to make this happen, the prices will stay as high as "the market will bear"

    But I think they will go down over time, not fast enough for some people, the process will be gradual

    I would argue that gold isn't overpriced. While good for the companies bottom line, weekend sales of almost anything or week long sales of popular items are both large demand increasers. When demand goes up, the price will invariably go up as well since the supply doesn't increase at the same rate (even during a zen sale). If it were overpriced the number of gold buyers (for coin) would be reduced dramatically. As it is, the number of people buying gold with coin isn't reduced all that much, and those who do buy it with coin lack the coin for pretty much anything else. Gold is certainly high, but it's still in the range that people can and will pay for it.

    Anyways, the bid system serves to increase prices just like sales do. I'm not sure if you have ever really watched the trader for a length of time, but if you have you'll have seen people place for example 60 bids at 5k above the current price. What ends up happening when bids like this are placed is people become impatient and outbid those 60 by 100 coin resulting in the high bidder getting very few buys, and others bidding over it effectively increasing the price of gold. I'm not sure that many people have done this to intentionally raise prices, and really don't even want to speculate if they do but quite a few have done it unintentionally. The funny thing about doing this though is, by raising the price enough, it becomes possible to make more coin than you spent on listing fees by reselling the gold you do buy, and at enough of a volume you can make quite a nice profit in terms of sheer coin (though it's nothing like the return on jolly was).

    Maybe a possible solution would be to have a variable gold trader fee? For example, the price could be Price*.02+.15*(Price-150,000) with a minimum fee of Price*.02 so it wouldn't drop under 2% when under 150k. At 200k gold that makes the fee:
    .02*200000+.15*(200000-150000)
    4000+.15*50000
    4000+7500
    11500=5.75% fee

    Maybe the numbers could be tweaked (the .15 and 150,000 specifically), I don't know that would be up to someone else to figure out what would be optimal, but this may be a way to suck out excess coins when sales cause prices to spike, causing there to be less coins on the server, and to give players an additional incentive to have lower gold prices as it can become significantly less expensive.
  • lightmagus
    lightmagus Posts: 2 Arc User
    edited August 2009
    Asterelle - Sanctuary wrote: »
    Saying that GMs have no effect on gold prices is like saying the Fed has no effect on the economy.

    While it is true the actual price is set by supply and demand, GMs can influence this:
    • Weekend 15% zen sales
    • Getting "free" zen from offers
    • Introducing new fashion / mounts
    • Sales on existing items
    • Price reductions on CS items

    The biggest action that has a long term effect on gold prices was the introduction of a coin chest that costs 5 gold to open. This created a huge demand for gold (to open these chests) and this drove prices up.

    If GMs wanted to lower gold prices they could:
    - Remove coin chest rewards
    - Give greater incentive to buying zen (like the target / 7 eleven cards)
    - Permanently reduce the price of zen
    - Introduce more events that require large amounts of coin to participate in
    ahh yes the most reasonable smart thing ive heard in this whole thread well and zoe i agree 110% asterelle :>
  • WarrenWolfy - Sanctuary
    WarrenWolfy - Sanctuary Posts: 1,686 Arc User
    edited August 2009
    Brael - Dreamweaver wrote: »
    The funny thing about doing this though is, by raising the price enough, it becomes possible to make more coin than you spent on listing fees by reselling the gold you do buy, and at enough of a volume you can make quite a nice profit in terms of sheer coin (though it's nothing like the return on jolly was).

    Maybe a possible solution would be to have a variable gold trader fee?
    There's no real need to have a special rule change to address this, though. The market already regulates this kind of behaviour, because when somebody tries to artificially inflate Gold prices through buy orders (when they don't actually want to buy) the rest of the market pushes back.

    The result is that you have a risk-vs-gain scenario. The more manipulation, the greater the likely-hood the market manipulator is going to take a loss.

    This is why it's not really worth the effort to try to manipulate the market for perhaps 5-10% profit margins when there are much more straight-forward opportunities for larger profits. For example: buy Gold -> buy 1/2 price dyes -> wait 4 days -> profit.
    [SIGPIC][/SIGPIC]
    PWI Merchanting Guides: warrenwolfy.wordpress.com
  • DarkSniper - Lost City
    DarkSniper - Lost City Posts: 1,830 Arc User
    edited August 2009
    eatwithspoons wrote: »
    I can't really tell you my personal opinion, because it involves more people buying ZEN to flood the market. Not that it would completely work anyway, but it would help some, and I'll get flamed for mentioning it.

    IN

    3

    2

    1
    Then why wont you let us use pay by phone HMMMMMMMM?
    The only way to win is to quit. b:bye
  • RedsRose - Lost City
    RedsRose - Lost City Posts: 12,354 Arc User
    edited August 2009
    ^^ Shhhhhhhhhhhhhhhhhh.....

    A thread closes every time this is asked b:surrender
    [SIGPIC][/SIGPIC]
    RoidAbuse is awesome, only he would sell his sperm for gear!!

    "Toughest monster? ..... RedsRose b:surrender" - Kantorek
    Where is my 1 v 1 Kan? b:mischievous
  • Jrudora - Lost City
    Jrudora - Lost City Posts: 445 Arc User
    edited August 2009
    Dragon orb sales and socket stone sales usually influence the gold prices the most.
    I also wouldn't count on gold prices dropping anytime soon.
    Because as soon as gold drops low enough that 5 gold is worth less than a million, then everyone will start buying out gold once again to get rid of their "million coin chests" and raise the gold back.

    In my opinion, gold is just going to go flatline at 200k per gold as long as people are continuing to do cube every day.
  • Falls - Sanctuary
    Falls - Sanctuary Posts: 544 Arc User
    edited August 2009
    Jrudora - Lost City wrote: »
    In my opinion, gold is just going to go flat line at 200k per gold as long as people are continuing to do cube every day.

    There is no reason to believe that gold would stop rising at 200K.

    If I can get someone to give me 210K in auction there is no reason for me to ever buy one of those silly hammers. In fact, the amount contained inside the coin boxes better rise in response to the rising gold prices, or those hammers will become a useless Cash Shop item before long.
  • RedsRose - Lost City
    RedsRose - Lost City Posts: 12,354 Arc User
    edited August 2009
    Falls - Sanctuary wrote: »
    There is no reason to believe that gold would stop rising at 200K.

    If I can get someone to give me 210K in auction there is no reason for me to ever buy one of those silly hammers. In fact, the amount contained inside the coin boxes better rise in response to the rising gold prices, or those hammers will become a useless Cash Shop item before long.

    I can agree with the last part of your statement to a point, however.....they are still needed for the Supply Stash at level 50 and 80. So I highly doubt they will ever be taken out.

    I do however support a different type of "Hammer" to open the Chest of Coins. Otherwise I will continue to sell them to those who can open them b:surrender
    [SIGPIC][/SIGPIC]
    RoidAbuse is awesome, only he would sell his sperm for gear!!

    "Toughest monster? ..... RedsRose b:surrender" - Kantorek
    Where is my 1 v 1 Kan? b:mischievous
  • Falls - Sanctuary
    Falls - Sanctuary Posts: 544 Arc User
    edited August 2009
    RedsRose - Lost City wrote: »
    I can agree with the last part of your statement to a point, however.....they are still needed for the Supply Stash at level 50 and 80. So I highly doubt they will ever be taken out.

    I do however support a different type of "Hammer" to open the Chest of Coins. Otherwise I will continue to sell them to those who can open them b:surrender

    That is true about the Supply Stashes, but so gimmicky and one-time (Long-Long-Ago for me xD) that I had completely forgotten about it.
  • RedsRose - Lost City
    RedsRose - Lost City Posts: 12,354 Arc User
    edited August 2009
    Falls - Sanctuary wrote: »
    That is true about the Supply Stashes, but so gimmicky and one-time (Long-Long-Ago for me xD) that I had completely forgotten about it.

    Lol...I agree with u on this.
    [SIGPIC][/SIGPIC]
    RoidAbuse is awesome, only he would sell his sperm for gear!!

    "Toughest monster? ..... RedsRose b:surrender" - Kantorek
    Where is my 1 v 1 Kan? b:mischievous
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