Gold!!!!!

LostKiller - Heavens Tear
LostKiller - Heavens Tear Posts: 30 Arc User
edited July 2009 in General Discussion
Alright this is insane!!! y is people from PWI doing this, this is insane, alright baout a week ago gold was 120-124k each from auction
this week its 130k+ , and today!!! high was 150k and low was like 136k , THIS IS INSANE!! can we do something about this!, and yah they want to spend for gold and they crib about ult sub being high when the original price was like 80k and now its 70k and people are wanting it for 65k now, so now subs are close to 65k!!!! what is going on. Its making things really hard on people who cant spend real money !! We just cant lvl then i guess. So many people have left the game cause of this gold price shoting up. PLEASE GUYZ AND GALS AND PWI DO SOMETHING
Post edited by LostKiller - Heavens Tear on

Comments

  • Tearvalerin - Sanctuary
    Tearvalerin - Sanctuary Posts: 3,787 Arc User
    edited July 2009
    nobody has left the game because of gold going up, dont make **** up. PWI isnt doing **** to the gold, if you knew how basic economics work.

    THE PLAYERS CONTROL THE PRICE.

    SUPPLY GOES UP, DEMAND GOES DOWN. THERE IS A DECREASE IN PRICE.

    SUPPLY GOES DOWN, DEMAND GOES UP THERE IS INCREASE.

    quit complaining and go earn coins, just be glad that theres people spending real money so you can get cash shop items for free.
  • WarrenWolfy - Sanctuary
    WarrenWolfy - Sanctuary Posts: 1,686 Arc User
    edited July 2009
    There are two things you can do to fix the problem:

    1) Spend real money (increases supply, lowers the price)
    2) Leave the game (decreases demand, lowers the price)

    Sorry if neither of these appeals to you, but that the way reality works.
    [SIGPIC][/SIGPIC]
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  • _DarkSeph_ - Sanctuary
    _DarkSeph_ - Sanctuary Posts: 2,294 Arc User
    edited July 2009
    Sometimes prices confuse me to be honest. For example, I have no idea whatsoever why rough-average citrines in AH are all priced 5-50k above the price it'd cost to make one. Or tomes are all priced 100-500k above the price it'd cost to make one. Do these really sell?
  • Nova_ - Harshlands
    Nova_ - Harshlands Posts: 346 Arc User
    edited July 2009
    Protip: Don't buy gold for a while.
  • Deceptistar - Sanctuary
    Deceptistar - Sanctuary Posts: 10,454 Arc User
    edited July 2009
    Sometimes prices confuse me to be honest. For example, I have no idea whatsoever why rough-average citrines in AH are all priced 5-50k above the price it'd cost to make one. Or tomes are all priced 100-500k above the price it'd cost to make one. Do these really sell?
    They sell to those who dont do their homework, yes. For those who do, theyll know its a rip off.
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  • Tearvalerin - Sanctuary
    Tearvalerin - Sanctuary Posts: 3,787 Arc User
    edited July 2009
    Sometimes prices confuse me to be honest. For example, I have no idea whatsoever why rough-average citrines in AH are all priced 5-50k above the price it'd cost to make one. Or tomes are all priced 100-500k above the price it'd cost to make one. Do these really sell?
    no, they dont, some people are just stupid. like the dumb people selling sage truefrom for 8-10m when its average market price is 500k
  • WarrenWolfy - Sanctuary
    WarrenWolfy - Sanctuary Posts: 1,686 Arc User
    edited July 2009
    no, they dont, some people are just stupid. like the dumb people selling sage truefrom for 8-10m when its average market price is 500k
    No no no... it's not dumb to SELL something for 20x its market price. Sometimes people actually will pay the ridiculous prices.

    Is it being greedy? Opportunistic? Or unsure of its value and thus starting high to be safe?

    All of these things are possibilities, but if there's one thing I've learned from this game it's that there are plenty of people for whom checking prices and shopping around for the best price is apparently some kind of personal torture that they just can't bear to suffer through.
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  • drmarley
    drmarley Posts: 0 Arc User
    edited July 2009
    There's a select group of people in the game attempting to manipulate the economy atm through the gold trader.

    Just don't buy and it'll pass - I have no problem buying gold 120k per in west arch (avoiding the transaction fee). People WC gold @ cheaper prices often also.

    Edit: This is just occurring in Heaven's Tear.
  • DarkSniper - Lost City
    DarkSniper - Lost City Posts: 1,830 Arc User
    edited July 2009
    Don't buy gold until you see the price you want. You don't HAVE to buy gold just wait for the price to go down.
    The only way to win is to quit. b:bye
  • BratFury - Heavens Tear
    BratFury - Heavens Tear Posts: 1,293 Arc User
    edited July 2009
    I can see this from another room in my house! Although I'm sure you made it extremely huge for those who fail to see as good as the rest.... ;) Maybe even emphasis!

    Anyways this is something that has been said about 100x. And for once I can actually agree with Tear. YOU the buyer SET the price of the things that the SELLER is selling. You don't buy, they go lower. You still don't buy, they go lower. See the trend? However, people trying to sell things at 20x their value aren't (insert insult here). They are actually quite smart. If someone wants to spend 150k for a bronze HP charm because its convenient rather than shop around, well the seller was the smarter of the two.

    nobody has left the game because of gold going up, dont make **** up. PWI isnt doing **** to the gold, if you knew how basic economics work.

    THE PLAYERS CONTROL THE PRICE.

    SUPPLY GOES UP, DEMAND GOES DOWN. THERE IS A DECREASE IN PRICE.

    SUPPLY GOES DOWN, DEMAND GOES UP THERE IS INCREASE.

    quit complaining and go earn coins, just be glad that theres people spending real money so you can get cash shop items for free.
    [SIGPIC][/SIGPIC]
  • Lah - Dreamweaver
    Lah - Dreamweaver Posts: 41 Arc User
    edited July 2009
    Wow, that's cheap - you should see the prices on DW and Harshlands.
  • darkjagans
    darkjagans Posts: 0 Arc User
    edited July 2009
    some people just can't wait, and what if it takes weeks or even months for it to go down? gold prices have been around 120k on HT (and rising) for a while already and what if it never goes down?

    you just can't expect everyone to wait for it to go down, there will always be someone out there willing to pay for the new average, especially the higher levels who are in the dominant tw guilds (huge paychecks) and those who are capable of making fast decent money will be willing to just pay the puny extra 10-20k

    i'm assuming prices are going up because people are trying to prepare for the new features coming soon, alot of people want to be the first to get their hands on the new things

    crappy cash shop sales might bring the gold down, but the GMs wouldn't want that would they =)
  • Absoluth - Heavens Tear
    Absoluth - Heavens Tear Posts: 764 Arc User
    edited July 2009
    Be happy that there are players willing to spend real money to sell you that gold, otherwise you would never have access to boutique. The gold price is 'never' unfair. Its set by the players themselves, and if its high its because ppl are willing to pay that much.
    PWI:
    "Free to play. Pay to win"

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  • Singsung - Sanctuary
    Singsung - Sanctuary Posts: 121 Arc User
    edited July 2009
    drmarley wrote: »
    There's a select group of people in the game attempting to manipulate the economy atm through the gold trader.

    Just don't buy and it'll pass - I have no problem buying gold 120k per in west arch (avoiding the transaction fee). People WC gold @ cheaper prices often also.

    Edit: This is just occurring in Heaven's Tear.

    Usually, AH will list 8 different prices for gold in the "sell" column but there were only about 5 different prices and they were all above 120k. Those that were listed under 120k were being bought out by people almost instantly the moment they show up in AH. I noticed that couple days before Tuesday when there were supposed to be a server maintenance. So yea, I think someone or a group of people have been toying with the gold prices.
  • Lightaine - Dreamweaver
    Lightaine - Dreamweaver Posts: 326 Arc User
    edited July 2009
    RoflRoflRoflRoflRoflRoflRofl

    Come to Dreamweaver. People would kill for 130K gold.
    hai2u
  • Waterboy - Lost City
    Waterboy - Lost City Posts: 405 Arc User
    edited July 2009
    RoflRoflRoflRoflRoflRoflRofl

    Come to Dreamweaver. People would kill for 130K gold.

    ha ppl in Harshlands would kill for 150k per gold b:cry
  • Tigriss - Heavens Tear
    Tigriss - Heavens Tear Posts: 760 Arc User
    edited July 2009
    Wow All this over high gold prices. You can't blame the sellers. Blame all the people that are paying that outragiouse price. If harshlands gold cost more then 150k you all need to listen to what brat has been saying.
    "Jesus fricking christ on a pogo stick. Your a mass of fricking idiots I swear!"
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  • Quinnie - Heavens Tear
    Quinnie - Heavens Tear Posts: 314 Arc User
    edited July 2009
    The main reason ult sub prices are dropping is cause alot of people do TT runs, tt mat prices have dropped alot in price and mirages are also dropping in price. If subs were 80k still then u would have a high chance on losing money instead of making money.
    Since more and more veno's are getting a herc with a result that more can do tt runs. the market gets flooded with tt mats.
    And its gonna be even easier to do the runs with those buffs that are coming ( http://pwi.perfectworld.com/news/newsubpage/patch-preview-4511 )
    but yet again mayby frost/lunar gonna be bit easier also then.
    And about some gold prices they will always go up and down atm i think its mainly cause its a pain in the **** to get gold charms were u can mostly blaim zhen partys for b:laugh . It really eat charms, with lvl 5 barrage about 528k mp a hour b:faint . Which is 1 of the main reasons i quitted zhenning quite some time ago.
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  • Schism - Harshlands
    Schism - Harshlands Posts: 91 Arc User
    edited July 2009
    Alright this is insane!!! y is people from PWI doing this, this is insane, alright baout a week ago gold was 120-124k each from auction
    this week its 130k+ , and today!!! high was 150k and low was like 136k , THIS IS INSANE!! can we do something about this!, and yah they want to spend for gold and they crib about ult sub being high when the original price was like 80k and now its 70k and people are wanting it for 65k now, so now subs are close to 65k!!!! what is going on. Its making things really hard on people who cant spend real money !! We just cant lvl then i guess. So many people have left the game cause of this gold price shoting up. PLEASE GUYZ AND GALS AND PWI DO SOMETHING

    http://www.youtube.com/watch?v=p5dEsZApQto
  • WarrenWolfy - Sanctuary
    WarrenWolfy - Sanctuary Posts: 1,686 Arc User
    edited July 2009
    Usually, AH will list 8 different prices for gold in the "sell" column but there were only about 5 different prices and they were all above 120k. Those that were listed under 120k were being bought out by people almost instantly the moment they show up in AH. I noticed that couple days before Tuesday when there were supposed to be a server maintenance. So yea, I think someone or a group of people have been toying with the gold prices.
    Then they are idiots who have been watching too many Hollywood movies.

    Cornering the gold market is not only very risky, but it's also a pretty weak way to earn a profit. You'll get way more return on your investment just buying during sales and then re-selling. Like, for example, buying Inventory and Safe stones when they're on sale. Like they are right now. Hint hint hint.

    Of course, when people do that then gold prices go up. Like they are right now. Hint hint hint.
    [SIGPIC][/SIGPIC]
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  • decrpyt
    decrpyt Posts: 1 Arc User
    edited July 2009
    THere is a method known in marketing called pushing. The idea behind this is to buy everything of a common item at once even for a loss. As demand and price increases, that person sells it back for a profit. Probably what is happening now.
  • Megalomania - Harshlands
    Megalomania - Harshlands Posts: 146 Arc User
    edited July 2009
    Alright this is insane!!! y is people from PWI doing this, this is insane, alright baout a week ago gold was 120-124k each from auction
    this week its 130k+ , and today!!! high was 150k and low was like 136k , THIS IS INSANE!! can we do something about this!, and yah they want to spend for gold and they crib about ult sub being high when the original price was like 80k and now its 70k and people are wanting it for 65k now, so now subs are close to 65k!!!! what is going on. Its making things really hard on people who cant spend real money !! We just cant lvl then i guess. So many people have left the game cause of this gold price shoting up. PLEASE GUYZ AND GALS AND PWI DO SOMETHING
    HAHAHA 150k is not even in discussion on Harshlands, 170k-220k is what we deal with.

    And heres what you can do:
    - Buy Zhen urself
    - Sell the gold you spent REAL money on for 80k (since thats what you feel like it should cost)
    - See if you feel like getting 800k for $10 is a good deal.
  • Alyyy - Sanctuary
    Alyyy - Sanctuary Posts: 3,165 Arc User
    edited July 2009
    Is Alyyy being greedy? Opportunistic?

    both.. i LOWE money...i cant beleiwe i got a gold charm once for tanking a boss o.o
    Clerics are like cops...they always seem to be around.....until you actually need one b:surrender - DeadRaven
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  • Zoe - Heavens Tear
    Zoe - Heavens Tear Posts: 3,814 Arc User
    edited July 2009
    Anyone trying to sell for very high is a greedy punk.

    Anyone buying for that price is a selfish brat who does not care about the server or if they kill the game by driving up prices.
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  • Drmelvin - Heavens Tear
    Drmelvin - Heavens Tear Posts: 258 Arc User
    edited July 2009
    Anyone trying to sell for very high is a greedy punk.

    Anyone buying for that price is a selfish brat who does not care about the server or if they kill the game by driving up prices.

    QQ Im selling gold in AH 750k each plis i work hard for money plis b:shocked
  • Solandri - Heavens Tear
    Solandri - Heavens Tear Posts: 2,843 Arc User
    edited July 2009
    decrpyt wrote: »
    THere is a method known in marketing called pushing. The idea behind this is to buy everything of a common item at once even for a loss. As demand and price increases, that person sells it back for a profit. Probably what is happening now.
    That only works if the supply is limited. e.g. You corner the market in silver so you control most of the world's supply. Then you can create an artificial supply shortage by rationing how quickly you sell it back, and make money off the inflated prices. Kinda like OPEC tries to do with oil, or DeBeers does do with diamonds (which should really cost about 1/10th what they do).

    But in this game, the supply of gold and cash shop items is unlimited. They're just database entries, not something that disappears from the ground forever once they're mined. So if you buy a bunch of it at above-market prices, once you finish buying the prices will stabilize again at prices below what you paid. You'll lose money.
    Anyone buying for that price is a selfish brat who does not care about the server or if they kill the game by driving up prices.
    If you're going to buy gold or cash shop items eventually, then waiting doesn't do anything to the market price. You're not lowering demand, you're just displacing it to a later time. It's like the stupid people who say, "Gas prices are too high! Let's boycott the oil companies this Friday." Even if that succeeds, all it does is reduce demand on Friday, but increase demand on Saturday. The net change is zero. The gas stations sell the same amount of gas, the people buy the same amount of gas, so it does nothing to the prices.

    The only way to lower the prices (if you're a buyer) is to give up on ever acquiring that item. If you give up on buying that inventory expansion stone, or yukata, or herc, that's a real drop in demand which will lower (slightly) the market price for the item. Of course the beneficiaries are then everyone but yourself, so it takes a truly selfless person to do this.