Boycott Gold Price Ht!

the problem is that there is a % of rich ppl that can afford to buy golds at those prices... and since there aren't that many gold sellers txs to the new sales/JJ/cube stashes they can keep the current prices or increase them

Also dont forget some players play the market, and if gold drops alot they will try to buy it all up and re-sell at a higher value, to make them self a good profit.

But hey good luck

I agree with the OP entirely and refuse to buy gold for anything more than 120k per and have done since gold prices stated rising and mosti mportantly have realised that NONE of the cash spot items are vital, it is still very easy to play this game well without them.

G_ree_n - Sanctuary wrote: »

Someone makes a post like this every week, yet prices continue to rise. Nothing will change as long as those coin boxes are in the game ...

Even after they're gone, boycotts like this still accomplish nothing except benefit a greedy few.

What people never seem to realize is that the number of people you'd need to boycott Gold in order to make the price go down is far, far greater than the amount of people who would then be able to buy that cheaper Gold without driving the price right back up again.

So basically, boycotts are like pyramid schemes. The majority of people do all the work, but only a few people who buy the cheap Gold first get all the benefit. It's a game of chicken, where whoever sells-out the others first wins.

Fumiko - Harshlands wrote: »

the problem is that there is a % of rich ppl that can afford to buy golds at those prices... and since there aren't that many gold sellers txs to the new sales/JJ/cube stashes they can keep the current prices or increase them

It ain't me. I'm rich enough to afford gold at this price. But I didn't get rich by being stupid.

I suspect it's the people who really wanted a mount (especially horses) who are buying the gold. And some layover purchases of the new fashion which was released during the JJ event. I don't see any rational reason for gold to be much higher than the ~125k it was before the JJ event since all the sales concurrent with it ended too.

I'm skeptical about the effect the coin boxes will have - there's a substantial time investment needed to acquire one so nobody is going to go crazy using them to convert hundreds of gold into coin. If they do, they're gonna have to buy boxes from other people, meaning the exchange rate differential will be split. What worries me most about them in fact is the inflationary effect it'll have on coin. One million per box is a huge new coin source. But that will take time to impact the price of gold.

On DW prices crashed from 225k to 140k inside of about 12 hours.

After that they started rising again to 185, and have since fallen to 175k. Sell prices have gone from 200k to 185k.

My guess is the reason they're still semi high is that the prices crashed, people that lacked mounts rushed for gold to get it, and brought the price back up to some extent. Additionally there's a large surplus of coin chests from rebirth/cube that have been going on sale at 100-300k since they were implemented. People wanting to open those, is further pushing the demand up. I'm expecting another 3 days or so of moderately high prices while chests are opened, followed by a day of slightly falling prices while mounts get bought, and then gold to be in the 150 range. It will take another couple weeks of no real sales for it to fall any further.

Elenacostel - Heavens Tear wrote: »

*sigh*

What is to stop the gold sellers from boycotting low prices? They could decide to band together and refuse to sell gold below 200k.

Simple, there's no organization for gold sellers. If they all decide to not sell for under 200k you're going to see a long line at 200k, someone will decide it's not worth it and jump to the front of the line by selling at 199.9. Once that happens it basically creates a domino effect and prices fall. There's not a cartel on gold selling to force an artificially high price.

Brael - Dreamweaver wrote: »

Simple, there's no organization for gold sellers. If they all decide to not sell for under 200k you're going to see a long line at 200k, someone will decide it's not worth it and jump to the front of the line by selling at 199.9. Once that happens it basically creates a domino effect and prices fall. There's not a cartel on gold selling to force an artificially high price.

There is no organization for the gold buyers. If they all decide to not buy over 120k, someone will decide it's not worth it and jump to the front of the line by buying at 125k. Once that happens, it basically creates a domino effect and prices rise. There's not a cartel on gold buying to force an artifically low price.

I am not trying to be a smart-aleck. But unless I am missing something fundamental, anything gold-buyers can do, gold-sellers can do. The main difference is the size; there are more gold-buyers than gold-sellers. This means any form of organization or banding of forces will have a higher chance of success on the gold-sellers part.

I am neither condoning nor condemning high gold prices. Frankly, I prefer low gold prices myself, since I have never spent a single cent on the game. Instead, I am just commenting on the probability of success regarding a boycott. If buyers can boycott high gold prices, then, by a logical extension, sellers can boycott low gold prices.

Elenacostel - Heavens Tear wrote: »

There is no organization for the gold buyers. If they all decide to not buy over 120k, someone will decide it's not worth it and jump to the front of the line by buying at 125k. Once that happens, it basically creates a domino effect and prices rise. There's not a cartel on gold buying to force an artifically low price.

I am not trying to be a smart-aleck. But unless I am missing something fundamental, anything gold-buyers can do, gold-sellers can do. The main difference is the size; there are more gold-buyers than gold-sellers. This means any form of organization or banding of forces will have a higher chance of success on the gold-sellers part.

I am neither condoning nor condemning high gold prices. Frankly, I prefer low gold prices myself, since I have never spent a single cent on the game. Instead, I am just commenting on the probability of success regarding a boycott. If buyers can boycott high gold prices, then, by a logical extension, sellers can boycott low gold prices.

That's exactly it, neither can boycott prices. A boycott requires a collective effort from individuals to go against what's in their best interest. It's the same idea as the prisoners dilemma.

Brael - Dreamweaver wrote: »

That's exactly it, neither can boycott prices. A boycott requires a collective effort from individuals to go against what's in their best interest. It's the same idea as the prisoners dilemma.

Ah, okay. I misunderstood your original reply. I thought you were saying that a boycott on high gold prices can succeed whereas a boycott on low gold prices could not. My apologies.

moving to HT forum

SgtSIaughter - Heavens Tear wrote: »

Why move it here? So we flame and troll the thread? But this seems like an issue every server, not just HT.

Seems like the title specifically mentions HT and was posted by a HT player. Sounds like solid logic to me b:surrender

Stickygreen - Heavens Tear wrote: »

sgt got owned.

You're gonna love my nuts. again.

Solandri - Heavens Tear wrote: »

That would be worse than the current implementation. The coin boxes right now stop being worthwhile when gold hits 200k. Once gold passes that point, the coin boxes cease having any effect on the economy.

A 500k box that requires no hammer would always be worth opening, thus increasing the amount of coin in the game no matter the price of gold. Ever-increasing coin supply but the same amount of gold supply = always-increasing cost of gold.

b:dirty I think I'm in love!

Switch to Sanctuary server and come join Plunder. I'll make you my Marshal! b:cute

Well gold is going down pretty fast since JoJ oh well