Gold prices

WnbTank - Archosaur
WnbTank - Archosaur Posts: 1,472 Arc User
edited October 2013 in General Discussion
Hows other servers doing? Archo is at, I believe all time high of 2m selling / 1,9m buying. We have long been known to be the server with cheapest gold but if thats the case still, hows others doing?
Trolling Sid since So Hot :o
Post edited by WnbTank - Archosaur on

Comments

  • Mr_Swiss - Heavens Tear
    Mr_Swiss - Heavens Tear Posts: 879 Arc User
    edited October 2013
    We're about the same on our server, maybe slightly lower. But I know from what I've seen, at one point our all time high was 2.5m.
    R9s3 Beast w/Demon Facepalm
  • FistToDeath - Dreamweaver
    FistToDeath - Dreamweaver Posts: 482 Arc User
    edited October 2013
    It was 1.890/1.810 yesterday in DW. Not sure about today, but I like it when the gap is a bit larger. Such a close gap won't allow for a profit in merching.
  • Atrocious - Heavens Tear
    Atrocious - Heavens Tear Posts: 150 Arc User
    edited October 2013
    1.750 buying/ 1.8 selling currently on HT.

    Been pretty steady.
    Veteran PWIer.
    Trolled by PWI for 5* years and counting.
    You have gained the status: Immune to trolls.
  • WnbTank - Archosaur
    WnbTank - Archosaur Posts: 1,472 Arc User
    edited October 2013
    So I guess I can draw a conclusion our CSer population has decreased/stopped CSing as much as in past per CSer. Or that demand has increased severly. Oh how I wish for a merge to bigger server with more stable gold market <.<.
    Trolling Sid since So Hot :o
  • TZoner - Raging Tide
    TZoner - Raging Tide Posts: 1,764 Arc User
    edited October 2013
    RT is at about the same.
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  • AliceAdams - Lost City
    AliceAdams - Lost City Posts: 308 Arc User
    edited October 2013
    We're at about 2.2/2.1

    All time high that I recall was 2.5, maybe a bit more.
    I'M 103 YOU STUPID AVATAR!!!
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  • Severus_S - Archosaur
    Severus_S - Archosaur Posts: 61 Arc User
    edited October 2013
    I find it funny. You all complain that it raised about few hundred K to a mil as it was around a mil. I remember when it was 100k a piece how you think those who did play back long ago feel? It is up to players to set the gold prices, so take it up with the gold sellers.
    I KILLED DUMBELDORE!!!
  • JanusZeal - Heavens Tear
    JanusZeal - Heavens Tear Posts: 3,852 Arc User
    edited October 2013
    So I guess I can draw a conclusion our CSer population has decreased/stopped CSing as much as in past per CSer. Or that demand has increased severly. Oh how I wish for a merge to bigger server with more stable gold market <.<.
    Demand has increased because changes made to PWI has increased reliance upon the boutique. If people stopped CSing more players would hold onto their gold instead of trying to flip boutique items.

    The main thing that's changed in merching boutique stuff since years ago is supply is held by fewer people in higher quantities (a lot like the token market), buying substantial amounts low and selling substantial amounts high.

    That's why they consistently flatten out even when you see these spikes (usually around the time of an impending new sale) of few-to-zero sellers or buyers.

    Having a panic and hoarding gold (i.e. not turning it into capital/assets), or not CSing, is not good for business for someone who flips.

    A bigger server wouldn't change anything really, this seems an issue with all servers.
  • WnbTank - Archosaur
    WnbTank - Archosaur Posts: 1,472 Arc User
    edited October 2013
    I find it funny. You all complain that it raised about few hundred K to a mil as it was around a mil. I remember when it was 100k a piece how you think those who did play back long ago feel? It is up to players to set the gold prices, so take it up with the gold sellers.

    We have gone up ~1m in last 4-5 months, I do consider it quite drastic change. The problem currently is nowhere near enough supply of gold for demand, thus we are stuck with high gold prices. Easy way to fix it would have zhen promotion, double the zhen what you paid for. Short promo would land lot of money to PWEs pockets and fix our servers issue for the period of time. Or they can keep going for the p2p road they got going, they are killing the f2p population off server, which is just **** strategic move.
    Trolling Sid since So Hot :o
  • Wickedbrew - Raging Tide
    Wickedbrew - Raging Tide Posts: 856 Arc User
    edited October 2013
    As a mid to high level Zen purchaser and gold seller, I've stopped buying Zen the past couple of months due to the recently poor directional moves of PWE, and until I see the outcome of the recent DQ changes I won't be buying anymore Zen. Too many players, especially the f2p crowd were dependent on DQ for the event gold, and other means of buying gold from Zen buyers.

    The population is already drastically low, and I fear it going lower soon, so to sink more money in this game, nope, sorry I am no fool.
    WeBeKinky Leader - lvl 10x psychic

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  • Templar - Sanctuary
    Templar - Sanctuary Posts: 607 Arc User
    edited October 2013
    I spent 1 dolar so far and i was thinking to spend another one but looking at recent pwi moves i doubt i will

    rather go and buy my self a burger
  • ReMakaBo - Archosaur
    ReMakaBo - Archosaur Posts: 845 Arc User
    edited October 2013
    We need a stimulus package.


    PWI send everyone 625 silver. will fix it.
    re
  • Severus_S - Archosaur
    Severus_S - Archosaur Posts: 61 Arc User
    edited October 2013
    We have gone up ~1m in last 4-5 months, I do consider it quite drastic change. The problem currently is nowhere near enough supply of gold for demand, thus we are stuck with high gold prices. Easy way to fix it would have zhen promotion, double the zhen what you paid for. Short promo would land lot of money to PWEs pockets and fix our servers issue for the period of time. Or they can keep going for the p2p road they got going, they are killing the f2p population off server, which is just **** strategic move.

    F2P is how they get you into the game but it really is a p2p althought i earned all my stuff without puting money on the game because i found ways of generating money threw farming and events and stuff.
    I KILLED DUMBELDORE!!!
  • Severus_S - Archosaur
    Severus_S - Archosaur Posts: 61 Arc User
    edited October 2013
    As a mid to high level Zen purchaser and gold seller, I've stopped buying Zen the past couple of months due to the recently poor directional moves of PWE, and until I see the outcome of the recent DQ changes I won't be buying anymore Zen. Too many players, especially the f2p crowd were dependent on DQ for the event gold, and other means of buying gold from Zen buyers.

    The population is already drastically low, and I fear it going lower soon, so to sink more money in this game, nope, sorry I am no fool.

    ^^^^ all of what you just said is why me and my husband stoped puting money on the game about 3 or 4 years ago. Now that I have a good ammount of money I can blow on the game pwi is not seeing a dime because of everything that has happened. Only reason I am on this game is I have a great faction, period. And it would be a inservice to them for me to ditch on them for there loyality.
    I KILLED DUMBELDORE!!!
  • RankNine - Momaganon
    RankNine - Momaganon Posts: 1,241 Arc User
    edited October 2013
    2.1 mil on morai.
    as i mentioned weeks ago, everyone on this server is pretty much done with their equipment.
    our CSer only charge to open packs for fun or golden coins or ancient emblems.
    but none of them actually needs coins, so they wont put much gold for sale..

    and too many BH/Jolly-farmer around that need GST and orbpacks b:chuckle
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  • zealthared1337
    zealthared1337 Posts: 19 Arc User
    edited October 2013
    To be honest I dont think this has much to do with PWI Team or Staff. I think its a lot more simple. Gold Seller just started to realize players who cant buy zen for what ever reason will be forced to buy gold at high price. The only thing that really gave it a boost is the rank 9 sale that everyone wants but other than that Gold Seller Just Got Smart about selling and realized people have "No Choice" but to buy gold at the high price if U cant buy Zen. Lets Face it u have gold and you realize u can sell it at 1M 1.5M or 2M and what ever price you put people will be forced to buy of course you pick highest price. Seen how this is a trend I would not be surprised if Gold Doubled in price by next year. And if you take a look at the crop/players pwi brings in its for the most part players who like F2P, so that means they cant buy zen so they are forced to buy from zen buyers. If that's the case Zen Buyers rule the economy. I don't blame the sellers tho they pay so they have every right to put the gold at certain price don't like it don't buy. Or are you know just realizing most F2P is really Pay to Win? Either way all of this is just a result of "Gold Seller Getting Smarter"b:victory
  • DeffyNature - Archosaur
    DeffyNature - Archosaur Posts: 1,400 Arc User
    edited October 2013
    All I know is I used to farm coin and buy gold for the small things I needed, haven't bought any for 5-6 months, will not be buying any till it drops to a reasonable amount. Damn rank sale pooped all over the gold market, making it harder for people to get what they needed. And of course gold sellers just got used to selling gold at this ridiculous price, so yeah ...
    [SIGPIC][/SIGPIC]
  • Crazybladema - Harshlands
    Crazybladema - Harshlands Posts: 425 Arc User
    edited October 2013
    I've warned about this when nation wars came out. You all made your beds.... go lay in them. The only thing that will lower gold prices now is to introduce more things ingame that are farmable and hold a decent amount of value.
  • Wickedbrew - Raging Tide
    Wickedbrew - Raging Tide Posts: 856 Arc User
    edited October 2013
    To be honest I dont think this has much to do with PWI Team or Staff. I think its a lot more simple. Gold Seller just started to realize players who cant buy zen for what ever reason will be forced to buy gold at high price. The only thing that really gave it a boost is the rank 9 sale that everyone wants but other than that Gold Seller Just Got Smart about selling and realized people have "No Choice" but to buy gold at the high price if U cant buy Zen. Lets Face it u have gold and you realize u can sell it at 1M 1.5M or 2M and what ever price you put people will be forced to buy of course you pick highest price. Seen how this is a trend I would not be surprised if Gold Doubled in price by next year. And if you take a look at the crop/players pwi brings in its for the most part players who like F2P, so that means they cant buy zen so they are forced to buy from zen buyers. If that's the case Zen Buyers rule the economy. I don't blame the sellers tho they pay so they have every right to put the gold at certain price don't like it don't buy. Or are you know just realizing most F2P is really Pay to Win? Either way all of this is just a result of "Gold Seller Getting Smarter"b:victory

    You do realize that an increase in gold prices will cause more and more of the population of players to quit right? Just as it has as gold went to 500k, 1m, 1.5m, and now 2m. Some come back, but most don't. I know several that are contemplating quitting, or have already done so because they find it foolish to pay the current gold prices.

    Gold sellers getting smarter? More greedy, and less intelligent definitely. They don't think long term. I think gold sellers and CSers are within the next year going to find themselves playing alone, or with just a few die hard f2p players, if the game even lasts that long with PWEs current trend of **** the pooch.
    WeBeKinky Leader - lvl 10x psychic

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    [SIGPIC][/SIGPIC]
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  • Fae_Harpy - Archosaur
    Fae_Harpy - Archosaur Posts: 267 Arc User
    edited October 2013
    I actually sell quite a bit a gold and for a while I stopped selling because the prices were just too low, especially when compared to how much items would sell for in catshops. So instead I just used the gold to buy the items I wanted directly out of the boutique. I have a feeling many other gold sellers were doing the same thing. I'm basically trading real money for the equivalent of monopoly money. If I sell it too low, then I'm just ripping myself off. I am selling gold now, but I'm being smart about it; I never put more than 20 or 30 in at a time. By slowly filtering it in over time I can sell more and at a higher price. If gold prices do drop too far, once again I'll stop selling until they go back up. But I doubt it will drop too far. Now that people know gold will sell at a higher price (and for such a long time) they would have to be very foolish to willingly sell it lower.
    AstriaFae
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  • bobyjoee
    bobyjoee Posts: 0 Arc User
    edited October 2013
    Actually both those above statements hold some truth, the gold sellers do think in a long term, the prices of gold aren't always so high, its been under 1mil like 970k around when NW (on arch server) started so they adjust the prices accordingly, right now everyone is rushing to buy their r9 while the sale is on so the gold prices go up, after this all blows over they will eventually go down. If no one is buying it, the csers are out of luck. , so I don't think them being "smarter" is the case. Gold prices go up because of supply and demand, so many people want gold because of the sale going on and naturally they go up. and once everyone on the server has r9 they will go down.


    Another thing is, with the current joy packs that are all the rage, everyone wants the gold coins and since that pack contains no tokens not many tokens are being sold so there prices go up. Everything on the server is influenced by the price of gold and how much tokens cost. Zhenning right now is 4mil, usually its 2mil Everything goes up to make up for the recent price increase so the best thing right now is to hide and wait until they go down b:chuckle
  • zealthared1337
    zealthared1337 Posts: 19 Arc User
    edited October 2013
    bobyjoee wrote: »
    Actually both those above statements hold some truth, the gold sellers do think in a long term, the prices of gold aren't always so high, its been under 1mil like 970k around when NW (on arch server) started so they adjust the prices accordingly, right now everyone is rushing to buy their r9 while the sale is on so the gold prices go up, after this all blows over they will eventually go down. If no one is buying it, the csers are out of luck. , so I don't think them being "smarter" is the case. Gold prices go up because of supply and demand, so many people want gold because of the sale going on and naturally they go up. and once everyone on the server has r9 they will go down.


    Another thing is, with the current joy packs that are all the rage, everyone wants the gold coins and since that pack contains no tokens not many tokens are being sold so there prices go up. Everything on the server is influenced by the price of gold and how much tokens cost. Zhenning right now is 4mil, usually its 2mil Everything goes up to make up for the recent price increase so the best thing right now is to hide and wait until they go down b:chuckle

    Supply and Demand b:chuckle yeah that is a important factor but eventually let face it like the above person said real money for monopoly money is not fun for Gold Sellers. Supply and Demand will always be a factor but Gold Seller will eventually want more for their buck. And will only sell gold if its profitable if not just use it in boutique. That's why I said even after the whole R9 "Demand" is over ppl are getting used to getting more for their gold that wont drop to much eventally Gold Price will start getting high and higher. Anyways I don't buy to much gold but I can understand if ppl who do want more monopoly money for real money.b:victory
  • Lolitta - Raging Tide
    Lolitta - Raging Tide Posts: 54 Arc User
    edited October 2013
    You know that if people make gold price more then 2 M no one buy's. I never buy gold over 2 M price.
    2M are a lot of money in game because there are not much things to farm and make money to buy GOLD. So if there is nothing to farm, I cant make coins and buy your gold.
    If the gold were 1M for example, many people will buy and you will sell gold so fast and do very good coins in game.
    If you stop selling gold under 2M, I stop buying over 2M because I dont really need to buy gold because I can find all items with coins. I have full T3 gears and all I need in game are HP herbs that I buy tokens so.....Dont think if you sell gold expensive you will be rich cuz is not true just like REAL LIFE food for example, you will pay 10$ for bread? I dont think so..
  • zealthared1337
    zealthared1337 Posts: 19 Arc User
    edited October 2013
    Idk nobody can say for sure right now, we will have to wait till R9 items are off the boutique to test the Supply & Demand theory, personally I don't believe Gold will drop even after R9 is off the market. But if it does kudos, doubt it tho. Anyways we will have to wait and see. But I'll stick to what I said earlyer people will want more for their buck and if gold is getting higher that means someone is buying the Gold so I guess we can't say no one will buy Gold. People are like I said forced to if they want something, If I look at it from the sellers perspective I say it's not hard to let your Gold sit there high priced till its bought. I would not mind. Anyways lets wait till R9 "Demand" is over and if Gold Price Drops kudos. Doubt it tho I think we all feel the pressure of seller not budging on Gold Price.b:avoid
  • WnbTank - Archosaur
    WnbTank - Archosaur Posts: 1,472 Arc User
    edited October 2013
    Idk nobody can say for sure right now, we will have to wait till R9 items are off the boutique to test the Supply & Demand theory, personally I don't believe Gold will drop even after R9 is off the market. But if it does kudos, doubt it tho. Anyways we will have to wait and see. But I'll stick to what I said earlyer people will want more for their buck and if gold is getting higher that means someone is buying the Gold so I guess we can't say no one will buy Gold. People are like I said forced to if they want something, If I look at it from the sellers perspective I say it's not hard to let your Gold sit there high priced till its bought. I would not mind. Anyways lets wait till R9 "Demand" is over and if Gold Price Drops kudos. Doubt it tho I think we all feel the pressure of seller not budging on Gold Price.b:avoid

    Actually the increase in gold price has clearly been supply and demand related. So damn many sales, promos, PWE burned the gold stashes and have just kept going with such sales that will burn gold off server over generating it(During bad sales gold is still sold, just not really used as much). I dont quite understand why not do zhen sales to counter raise of in game gold, what does it matter who buys the gold as long as its been bought? As obviously bigger CSers will charge more with such promo, the mid/low tier CSers will charge too.
    Trolling Sid since So Hot :o