Feather/SoF price = out of control

Aria_skye - Lost City
Aria_skye - Lost City Posts: 88 Arc User
edited September 2009 in General Discussion
Been saving for my herc recently however with the current state of the economy the Phoenix feathers and SoF that HAD been no more than 3k maybe 4k in some cases have now gone up to 7, 8, and in some cases as much as 10k per. Considering I have really no other way than grinding on mobs for DQ items seems like a royal pain at the moment. Any other servers other than Lost City experiencing this? I really think a sale on the battle pet packs would help those at the moment attempting to get their legend pets.
Post edited by Aria_skye - Lost City on

Comments

  • Eternalnub - Heavens Tear
    Eternalnub - Heavens Tear Posts: 393 Arc User
    edited September 2009
    Aria_skye - Lost City wrote: »
    Been saving for my herc recently however with the current state of the economy the Phoenix feathers and SoF that HAD been no more than 3k maybe 4k in some cases have now gone up to 7, 8, and in some cases as much as 10k per. Considering I have really no other way than grinding on mobs for DQ items seems like a royal pain at the moment. Any other servers other than Lost City experiencing this? I really think a sale on the battle pet packs would help those at the moment attempting to get their legend pets.

    there is nothing wrong with those prices if u go to look AH how much gold sells for atm :)
  • Aria_skye - Lost City
    Aria_skye - Lost City Posts: 88 Arc User
    edited September 2009
    Yeah, the anniversary packs really did a number on that.
  • MsVixxxen - Heavens Tear
    MsVixxxen - Heavens Tear Posts: 22 Arc User
    edited September 2009
    Expect the price to go back down as soon as gold goes down after the sale.

    I got lucky and got most of mine for my herc for 2100-2500 several months ago. Then recently for my nix, I bought mostly battle packs with gold (converted from coin) instead. But I did buy a good portion (1-2k) for 3300 a piece.

    But nowadays on HT I see them for sale often 5-7k.
    [SIGPIC][/SIGPIC]
  • DW_Vane - Sanctuary
    DW_Vane - Sanctuary Posts: 42 Arc User
    edited September 2009
    I would Highly recomend :: That you save your coin . Don't try to buy it at the moment, just wait.
    5 pet skill slots TVM :: venos will $hare more oFc ;)
  • Eternalnub - Heavens Tear
    Eternalnub - Heavens Tear Posts: 393 Arc User
    edited September 2009
    DW_Vane - Sanctuary wrote: »
    I would Highly recomend :: That you save your coin . Don't try to buy it at the moment, just wait.

    this b:cute ... or if u have rl monies then np :)
  • turtlewax
    turtlewax Posts: 0 Arc User
    edited September 2009
    Gold price is high, and thus so are the feathers. Gold price is likely going to go down after the event and take the price of feathers and SoF with it. You can grind extra and buy now, sit it out and grind, then buy later or you can sell now and buy later.
  • Vitenka - Dreamweaver
    Vitenka - Dreamweaver Posts: 4,125 Arc User
    edited September 2009
    There are catshops out there trying to buy tonnes of gold charms.
    Multiple stacks of "WTB 9999"

    That's over six thousand million per stack. And they must have the coin to be able to fund that, or the cowshop won't let them offer.


    No, gold prices won't be going back down.
  • Cernunnosx - Heavens Tear
    Cernunnosx - Heavens Tear Posts: 384 Arc User
    edited September 2009
    Aria_skye - Lost City wrote: »
    I really think a sale on the battle pet packs would help those at the moment attempting to get their legend pets.

    Yeah like ANOTHER sale would be a good thing at the moment. b:shutup
  • turtlewax
    turtlewax Posts: 0 Arc User
    edited September 2009
    Vitenka - Dreamweaver wrote: »
    There are catshops out there trying to buy tonnes of gold charms.
    Multiple stacks of "WTB 9999"

    That's over six thousand million per stack. And they must have the coin to be able to fund that, or the cowshop won't let them offer.


    No, gold prices won't be going back down.

    9999 Gold Charms cost 39996 Gold, 6 billion coin per stack so that is 6.000.000.000 coin against 39996 Gold or about 150k per Gold.

    Hows that going to keep goldprices up?

    Btw, why didn't you just give the price per Charm?
  • Allyson - Harshlands
    Allyson - Harshlands Posts: 359 Arc User
    edited September 2009
    just wait till the end of event.....
    [SIGPIC][/SIGPIC]
    Ima dudeb:angry
    youtube.com/watch?v=RZhg727Mtw0
  • Vitenka - Dreamweaver
    Vitenka - Dreamweaver Posts: 4,125 Arc User
    edited September 2009
    You misunderstand. (And yeah, he was trying to buy charms relatively cheaply)

    The point is - that guy *has that much money*

    Gold prices can be as high as you like, maybe a billion coins per gold?

    And that guy, he can still afford to buy gold to get the items he wants.

    So the price of gold won't drop. That one catshop could, if he wanted, smack gold prices into the stratosphere (and then the people who he buys from would have those coins and they can do the same...)
  • Worship - Harshlands
    Worship - Harshlands Posts: 178 Arc User
    edited September 2009
    or rather that guy is simply a merchant. with the inflation he might have started out with much less money, CSed a little to get started and sold at inflated prices, and now he is buying and selling bought at the inflated prices. Perhaps if gold goes down a bit in the coming months, and he holds on to all the inflated gold he made, he can be truly rich lol
  • WarrenWolfy - Sanctuary
    WarrenWolfy - Sanctuary Posts: 1,686 Arc User
    edited September 2009
    Vitenka - Dreamweaver wrote: »
    The point is - that guy *has that much money*

    Gold prices can be as high as you like, maybe a billion coins per gold?

    And that guy, he can still afford to buy gold to get the items he wants.

    So the price of gold won't drop. That one catshop could, if he wanted, smack gold prices into the stratosphere (and then the people who he buys from would have those coins and they can do the same...)
    Ah, but you're thinking like a poor person!

    Poor players spend all their coins willy-nilly, just like you described. But no self-respecting rich player is going to blow gold prices into the stratosphere like you describe. That would be stupid, and a complete waste of coin due to lack of patience. Sure, they will gradually ease prices higher by putting in buy orders, but they will only choose to do so when the market is moving that way anyway.
    [SIGPIC][/SIGPIC]
    PWI Merchanting Guides: warrenwolfy.wordpress.com
  • Vitenka - Dreamweaver
    Vitenka - Dreamweaver Posts: 4,125 Arc User
    edited September 2009
    Sure - I don't expect that person WILL put in a buy order with gold at a million each.

    But if that person wants gold, they'll put in orders at whatever the going rate is. And it doesn't matter WHAT the going rate is, to them.

    So there's really no way for gold prices to fall, unless somehow everything in the cash-shop stops being worthwhile.


    I mean - yes, I knew there were people who played the market. That's fine.

    I didn't, previously, know quite HOW much richer than normal players they had become. I mean, how high can you stack 10m notes, anyway?

    Having ranted all that - I gotta thank whoever it was put in the 100+ buy order at 400k and pushed the price back down to the 407-415 range.
  • WarrenWolfy - Sanctuary
    WarrenWolfy - Sanctuary Posts: 1,686 Arc User
    edited September 2009
    Vitenka - Dreamweaver wrote: »
    I mean - yes, I knew there were people who played the market. That's fine.

    I didn't, previously, know quite HOW much richer than normal players they had become. I mean, how high can you stack 10m notes, anyway?
    Personally, I don't think the rich investors are actually the scary ones.

    Their coin goes back into investing, meaning they're buying things that they think are under-priced and selling things that they think are over-priced. The result is that they end up either putting themselves out of business by bringing prices closer to actual market equilibrium (which I've actually done to myself on a few occasions so far in a few markets), or else they make some sort of miscalculation/misprediction and end up giving away a bunch of their wealth to other players (done that too).

    The scary ones, to me, are the rich consumers. They're the people who just spent $2000 on anniversary packs and are now loaded with gobs of coin they're just itching to spend spend spend. Price doesn't really matter to them, and since they probably don't put much effort into shopping around you never know what kinds of shortages/surpluses they're going to cause.

    The good news is that by this time next month they'll be poor again. The bad news is that that's probably when PWI will have the next big sale and the cycle will repeat again.
    [SIGPIC][/SIGPIC]
    PWI Merchanting Guides: warrenwolfy.wordpress.com
  • Viper_girl - Heavens Tear
    Viper_girl - Heavens Tear Posts: 541 Arc User
    edited September 2009
    I really don't see Gold prices coming down. If anything they will continue to inch upwards. The anniversary sale will be replaced by something else.

    The high Gold prices pushes the game into a balance condition that helps PWE. ie. it increases the ratio of paying players vs non-paying and it helps to suck some of the wealth away from the coin rich high levels.

    However this has made the Veno the most expensive class to play if you want the legendary pets.

    So hopefully it will reduce the QQing about Veno's being rich. b:laugh
  • JanusZeal - Heavens Tear
    JanusZeal - Heavens Tear Posts: 3,852 Arc User
    edited September 2009
    Aria_skye - Lost City wrote: »
    Been saving for my herc recently however with the current state of the economy the Phoenix feathers and SoF that HAD been no more than 3k maybe 4k in some cases have now gone up to 7, 8, and in some cases as much as 10k per. Considering I have really no other way than grinding on mobs for DQ items seems like a royal pain at the moment. Any other servers other than Lost City experiencing this? I really think a sale on the battle pet packs would help those at the moment attempting to get their legend pets.
    I just got my nix (already have herc) 2 days ago -- I catshopped for SOF/PF at 5000 and 5100 per, and it took me like 4-7 days to get enough for one. And like Lost, if these prices are true, on HT if you check AH it's like 7-11k per SOF/PF, and finding a 5-6K per is very difficult. If your price is reasonable, people should sell them to you. If you want it now and don't want to be patient, you pay the price.
  • MystiMonk - Sanctuary
    MystiMonk - Sanctuary Posts: 4,286 Arc User
    edited September 2009
    Viper_girl - Heavens Tear wrote: »
    I really don't see Gold prices coming down. If anything they will continue to inch upwards. The anniversary sale will be replaced by something else.

    The high Gold prices pushes the game into a balance condition that helps PWE. ie. it increases the ratio of paying players vs non-paying and it helps to suck some of the wealth away from the coin rich high levels.

    However this has made the Veno the most expensive class to play if you want the legendary pets.

    So hopefully it will reduce the QQing about Veno's being rich. b:laugh

    You might be right with all the new expansion coming out.It has to come down sometime and getting down the basics of just general game play like it was before summer.
    Looking for a decent casual understanding Faction.

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