Why is gold at 600k ?

Look ayone saying it is player greed is obviously ignorant of economics. Demand is high because of the event, after the event demand will drop and so will gold prices. I guarentee this. However the long term trend is a rise in gold prices. This long term trend is 100% because of inflation.

Supply, demand, and inflation. Player greed has nothing to do with it.

Gold prices on LC were at 180k right before anniversary event. Right after the event it dropped to 300k and stedily rose to 360k. This was because oracles and perfect tokens were injecting so much coin into the game (most likely doubling) that the vaue of coins dropped.

The return of the event is going to cause the same thing to happen. JJ, long term is going to have a stalling effect but the release of the next patch and the new classes is going to cause a steady rise in gold prices due to tokens being converted to oracles.

I was thinking "greed" as in people wanting to be rich at the expense of everyone else. As if some players are purposly keeping gold out of reach. Anyone who gets their money from grinding is going to feel the effects of this "greed" because they dont understand how some people have so much money.

The more disconnected a players income is from wise investments the more they are going to feel the effects of this bad economy. Thoes of you who are upset at "greedy players" are right to be upset, but you are directing your anger at the wrong people.

This divide between rich and poor is the fault of two people, thoes responsible for inflation and thoes responsible for poor invesments (the poor people). Coin value will likely always drop and what you do to keep up with this effect is very important going into the future.

Grinding wont cut it anymore. There is alot of coin in this market, go out there and get your piece of it, cause the days of 100k gold are long over.

IceJazmin - Heavens Tear wrote: »

Since everything in the CS is a luxary item not needed to play this game, gold prices are really irrelevant.

The point I think some people are missing is that gold prices are not high just because people are greedy, they are actualy high because people are lazy and vain. They rather spend some coin to get a charm, than to spend the time farming the herbs they need to make apoc pots so they would not need the charm in the first place. This same thing can be seen with any other optional item in CS, even the AnyPacks.

They also want to "look cool" wearing fashion and "cool looking" mounts, etc. The all "status symbol" that people keep bringing up, and having the newest mount/wings/fashion.

So it is not as simple as, ban the greedy players, since that would still leave all the lazy ones, which would still cause the price of gold to go sky high.

gtfo already..
a apothecary pot has a 2 minute cool down..
a charm has a 10 second cooldown..
seriously that is not substitute by a long shot.

lazy and vain? who are you to say that. i think you talk out of your **** sometimes. Do you even PVP?
last time i checked, PVP was the reason these games exist.

IceJazmin - Heavens Tear wrote: »

Since everything in the CS is a luxary item not needed to play this game, gold prices are really irrelevant.

The point I think some people are missing is that gold prices are not high just because people are greedy, they are actualy high because people are lazy and vain. They rather spend some coin to get a charm, than to spend the time farming the herbs they need to make apoc pots so they would not need the charm in the first place. This same thing can be seen with any other optional item in CS, even the AnyPacks.

They also want to "look cool" wearing fashion and "cool looking" mounts, etc. The all "status symbol" that people keep bringing up, and having the newest mount/wings/fashion.

So it is not as simple as, ban the greedy players, since that would still leave all the lazy ones, which would still cause the price of gold to go sky high.

You mean....The 3 m/s gryphon is no different than my .5 m/s wave pacer,except that it looks cooler?Oh wait, you mean that its just because people are lazy that they need a gryphon. But I thought charms ticked automatically and herbs didn't?

IceJazmin - Heavens Tear wrote: »

Yes, the 0.5 pacers lets you fly. So it is a little slower.. you can still accelerate it if you are in a hurry and gets you from point A to point B. The thing is you do not need a griffen to fly, you just want something cooler looking and faster. Need is not the same as want.

Is your 3m/s griffin that costed 50gold to buy and max any better than the spotted manta that only takes 27gold to buy and max and has same speed? How come one costs almost twice as much as the other when both offer the same functionality?

Charm ticking automaticaly is a function of you NOT WANTING to have to manage your HP. There is no reason why you could not have used a pot or two instead, or a genie skill, or personal skill. Some pots will recouver up to 9000 HP with a long cooldown, and you can always stack that with a level 70 pot for a quick boost as well, there are also pots that recouver 60% hp instantaniously, etc. On top of that, if you were using a healing orb, you would have an extra 50 hp/sec regain.

To use acceleration I would need the chi stones. What happens if I have 10k hp,go down to 1 hp in 1 hit,use the pots,reach 9k hp,and then get killed? A charm could have saved me....

AlbireoTwo - Lost City wrote: »

To use acceleration I would need the chi stones. What happens if I have 10k hp,go down to 1 hp in 1 hit,use the pots,reach 9k hp,and then get killed? A charm could have saved me....

Than you do not know how to play the game. You can stack pots and genie skills, if you only regain to 9k, than you need to go back to level 1 and learn how to play and how to use pots and genies. You could use tree of life, than the 60% apoc pot, and if you need, a regular pot. Or a regular pot, 6k hp apoc, second wind, regular pot. And we are not even talking about skills you have to heal yourself (unless you are an archer...)

Chi stones you get from decom gear as drops, so it is plentiful.

Sorry if it sounds mean. You can always make a scenario where something will not work.. Like in getting hit by skill/regular hit from a boss, which causes the first to tick your charm, and the second to kill you, since your charm was skill recharging and you were not at full HP yet.

AlbireoTwo - Lost City wrote: »

To use acceleration I would need the chi stones. What happens if I have 10k hp,go down to 1 hp in 1 hit,use the pots,reach 9k hp,and then get killed? A charm could have saved me....

As said above, if you get 1 hit k.o. then you did something wrong, either your stats are all messed up to full vit (which you being a barbarian don't need a lot of vit points since all the equipment is defense defense defense).

Barbarians are pretty much tanks, if you want to deal a lot of damage, play other class, because barbarian specifically, is all about defense and having a good defense being able to kill the enemy by doing damage little by little. Me as a cleric I cannot tank, but i do deal good damage + I can play a support roll in a squad.

So if you messed up your char either get something from the cash shop to restart your stats or make a new char :x

Yamiino - Heavens Tear wrote: »

As said above, if you get 1 hit k.o. then you did something wrong, either your stats are all messed up to full vit (which you being a barbarian don't need a lot of vit points since all the equipment is defense defense defense).

Barbarians are pretty much tanks, if you want to deal a lot of damage, play other class, because barbarian specifically, is all about defense and having a good defense being able to kill the enemy by doing damage little by little. Me as a cleric I cannot tank, but i do deal good damage + I can play a support roll in a squad.

So if you messed up your char either get something from the cash shop to restart your stats or make a new char :x

Huh? My stats are fine. That was a what-if situation. Like what if the sun suddenly exploded. Or what if an astroid hits the earth. Or what if I dont have internet access for a week.

I was thinking more along the lines of someone wanting to keep gold prices high as stated earlier in the forums. The higher the are the more desperate players become. Til they can find gold cheaper by using other methods outside the game. Even us cash shoppers don't want to see gold inflate too high. If it never balances and continues to rise many of us take a huge loss.

As for the poorer players causing inflation. I think for this it is wrong. For one a poorer player is going to shop and get more for his coin. He/she can only afford certain things and mainly only spend on necessity. They create the larger coin sink. By the way all of us where poor players, because it takes a while to accumulate so much coin. So most of these poor players are new to the game. Doesn't matter if they invest those coins wisely or not, they all start off poor. Those that do invest please remember we played during a time when things like dq items, tt items, rare pets, etc. had a value. New players come into the game and are finding it hard because many of thing things that you had to work for in game have now become worthless since you can buy them from the cash shop. Or yet have become very hard to obtain.

For those of us who play this game longer we have higher amount of coins to spend. These are the ones that create the inflation. Someone who has 70mil in coin is going to spend more loosely than someone with just a mil. This person can afford a 2mil charm. Where as the lower player says i'm going to have to buy more pots. Is that greed, no. Why because the game is actually designed for this. Why else would they have it where you could buy gold in the auction house. People wouldn't buy zen if it was so easy to obtain items with regular in game coin. What about cash shop stuff. Fewer people will cash shop if they can obtain gold for a cheap price. And fewer people want to sell gold because of the cheap gold.

Some people can make money rather fast, because they are good at economics. Eventually, the more coin introduced into the game the more inflation will spiral out of control and soon 70mil in dollars will feel like you only have 1 dollar. So the richer should be careful about throwing around their money. However it is not entirely any of the players fault either. You see even in our government we have regulations to help keep inflation under control. So pwi must fund a way to make a coin sink to keep our inflation under control. Problems is now they have players with a ridiculous amount of coin. I'm sure they'll figure something out though.

As said before though, and I agree with this. Everything in the cash shop is a luxury. You don't need it to play the game, or enjoy it. You might take longer to get what you want, however you can still obtain it through free methods. I believe it isn't about greed alone, but more about popularity. Who has the rarest mount, or the uberest gear. Or the most coin. Really i think this game has become a battle of the epens.

If you are referring to my post, I don't say that poor people are causing inflation, I am saying poor people are themselves partial responsible in the gap between rich and poor. If everyone always made the correct financial move the gap would remain small (despite inflation) because the markets would be fiercely competitive.

People with less money will need to spend the majority of their money on survival. And if grinding is your only source of income, you wont have anything to invest. You become stuck at the same 100-200k per hour income while investors pass you by as their income grows alongside inflation.

If coin value drops in half, you need to double your coin to retain the same worth.

300m coins back in August will be the same as 800m coins in November.

I don't like that one bit.

Lesthar - Heavens Tear wrote: »

A simple solution for being less poor... Take your time to complete your grinding with harvesting. Sell your mats to good purchase shops (always look for the best deal) or go merchanting (though it can be quite a bet, idling in one place all day while you could play more... will people sell you mats and will you be able to resell them for more?), don't do Dragon Quest and sell all the DQs you find.

As for items/gears/boutique items, browse well and only buy things you will need always. Extremely rare great deals on decent aerogears are the prime example of it. Just don't purchase on impulse. ^^

That said, all of my characters keep saving, and I try to compensate on all of my purchases... I'm basically a coin sink waiting for better days. *laughs*

Uh,you don't need to sit in one place all day. You just look for good deals in the AH while waiting for cs to finish. And you can make a lot more money marketing than grinding if you're good at it.

Nelanther - Lost City wrote: »

Yes, I wasn't going to say anything. While it is a good idea to save money, and maximize your profits while grinding/harvesting, it doesn't address the core problem of keeping up with inflation. The way you keep up with inflation is to have your money invested in items that follow inflation.

For example...

150k coins before inflation is 150k coins after inflation but a Giant Apes Skin is 150k before inflation and 300k after inflation (numbers may vary).

If you had 150k coins just sitting in your bank, it will not increase in value. However invested in a Giant Apes Skin that 150k coins will become 300k coins.

In this example the investor didn't really make 150k coins, you simply kept up with inflation. The person who kept the coins didn't break even, he lost 150k without realizing it.

This I agree with too. Which was i said i hate to see gold reach to high. It also creates a frustration to newer players because they will feel forced to cash shop, or feel the things the want are unattainable.

However I said this before a while back around october you will see prices continue to rise. I do not think coins will drop much in value, actually for all servers pretty soon you'll start to see 1 gold= 800k to 1mil coin probably around christmas. Although Jolly Jones creates a coin sink now you have to remember that others invest 100k into his wares will later make three times their profit through the items they get.

People who farm do need to invest their wares wisely as well. Many people still are selling according to old prices, not calculating according to the gold prices in the auction house. For example hay last time i checked was around 7k to 9k. It's been like that since gold was 100k. Although there is no gold value for it the price value should have increased because you use your labor to obtain it. Same with matts. These actually do have a gold value but you will see matts sell pretty cheaply. So farming is a good idea, but only if you turn it into a wiser investment and follow the gold market. Everyone would have to do that.

Marketing is nice too but it's a lot like gambling. With the market constantly switching prices around now it's unstable, and could cost you in the long run. Marketing works if prices drop down and you buy and then prices rise up and you sell. However with gold on constant rise. It would be wiser to keep your gold til the market is more stable.

CALM DOWN. The GMs are carefully monitoring the in-game economy ......................... right? .............