Curse

Skye Marin · Nov 08, 2010, 03:12 PM // 15:12

People who once had 500k in their storage are now spending it all to fill their HoM, which adds previously inactive cash to the economy, and then removes it. Prices for in-demand items will rise because of the demand for them, however, all other prices will go down.

This is not because of inflation, but because of deflation. Because Gold is being spent and removed from the economy (mostly from material traders and crafters) the value of gold is rising. Ecto will remain uneffected, and the prices of all things non-HoM will drop.

In short, everything related to the HoM will go up, and everything not will go down.

Note that Zkeys are HoM-related now too, so the price will go up. Because Ecto is used as a mid-currency, the price is more stable because those who are able to afford Obsidian armor already have the materials, which means they won't have to trade with the trader to get them, meaning the price remains roughly the same. This is proven because the price of Ecto is about the same, but Obsidian Shards have definitely gone up.

Voodoo Rage · Nov 08, 2010, 03:14 PM // 15:14

I'm not sure of the economic effects, but people buying lots of new armor is essentially a big gold sink for the game as people buy materials from traders, dye, runes and of course the cost of the expensive armor itself. (Skye posted the same thing 2 minutes before me... :doh:...).

Shayne Hawke · Nov 08, 2010, 03:28 PM // 15:28

If you guys are all worried about the price of Z-Keys going up, just wait until Wintersday hits.

KingCrab · Nov 08, 2010, 03:37 PM // 15:37

How will wintersday affect the amount of z-keys?

ACWhammy · Nov 08, 2010, 03:52 PM // 15:52

@Detres and any other big mini dealers:

Do you think asian minis will go back up?

Obviously they took a huge plummet but seemed to have somewhat stabilized and bottomed-out. I don't think they will go down any further, but unsure if they will go up.

Only interested in comments from people who have been experienced in the asian mini market please.

AC

fowlero · Nov 08, 2010, 04:00 PM // 16:00

Quote:

Originally Posted by KingCrab

How will wintersday affect the amount of z-keys?

Snowball AT's as well as regular AT's. Sizeable influx of RP's, sizeable influx of Zkeys.

Tbh i doubt it'll make much difference. Zkeys seem to only change +- 500g from 5k most of the time.

Painbringer · Nov 08, 2010, 04:08 PM // 16:08

My guess that most higher end items like Voltiac Spears have taken a hit. People are scrambling for destroyer weapons since they are the cheapest and fastest to buy. Diamonds oynx have jumped in price iron and granite are in higher demand.

More people faction farming in FA Jade/Amber both worth more not to mention Zkeys

Rumi The Poet · Nov 08, 2010, 04:15 PM // 16:15

it wouldnt be so bad if so many people didnt inflate the economy on purpose.

if people only bought what they intended to use, then it really wouldnt be so bad.

and if you disagree your just wrong and need to change your diapers..

Wyndy · Nov 08, 2010, 04:28 PM // 16:28

I don't think the economy gives us a very clear picture of what's going on. There are direct signs of price changes for gems, hero armors and mini pets. The other changes are due to people off-loading personal wealth to acquire things for their HoM. The chaos of non-HoM items hitting the market is a by-product of the general frenzy affecting GW. I think that those items are what's causing all the confusion in the market. People are willing to pay more for things thinking that inflation has caused it.

JONO51 · Nov 08, 2010, 04:55 PM // 16:55

Combination of factors really.

Theres many who havent played for a year or two but still kept their cash and ectos. They come back and start buying just wanting to be done with it. So there more buying power out there now.

Some who have their voltaics and asians have found that they still need 20 minis, vabbian, zaishen etc, so are selling stuff to afford it.

People are generally willing to pay more.

For minis, I'd imagine the price of the later/rarer ones will level off or fall a bit at christmas. There'll be more who got the game at christmas and dont have all their minis than those that do, so they'll take advantage of the higher prices so they can afford more cheaper ones. For those that get whites/earlier minis, they'll probably keep them so they will still go up for a little while i think.

Mordakai · Nov 08, 2010, 05:01 PM // 17:01

Whats the going price for Oppressor weapons now? 100k?

Those have gone up.

The mini prices have stabilized somewhat. No more selling Koss for 30k.

Hell, I can't even find a buyer for Oola....

Quote:

Originally Posted by Rumi The Poet

it wouldnt be so bad if so many people didnt inflate the economy on purpose.

if people only bought what they intended to use, then it really wouldnt be so bad.

and if you disagree your just wrong and need to change your diapers..

LOL, while I'm sure there are speculators out there, I'm not sure they have as big a impact on the economy as you think.

I mean, most prices are stable: Ectos have been @ 7k forever now, Shards have been @ 4k for the last two weeks at least.

Of course Sapphires and Rubies are through the roof: they are relatively rare (no speed clears for them), and demand is still high (Vabbian armor was never as popular as FoW armor was).

That said: Vabbian is still cheaper than FoW by a mile. And the prices can only go down, as demand goes down and supplies of Rubies and Sapphires slowly increase.

shoesbags · Nov 08, 2010, 05:05 PM // 17:05

I've been trying to buy zkeys @ 5k/ea for a few days now without much luck. It'd probably be quicker for me to acquire them through Fort Aspenwood Kurzick PvP at this rate; it's pretty abysmal. I'm about to give up and actually do work for the rest

I've noticed people trying to manipulate the market...keys are going up while ectos are going down, albeit slowly.

Meridon · Nov 08, 2010, 05:16 PM // 17:16

Quote:

Originally Posted by Skye Marin

This is not because of inflation, but because of deflation. Because Gold is being spent and removed from the economy (mostly from material traders and crafters) the value of gold is rising.

If the value of gold would be rising, everything else would be worth less gold. In other words, prices would drop. They're not. The main part of the economy is fully affected by the HoM update (minipets, ecto, zkeys, armbraces, consumables, etc), and as such there's no real deflation happening. Check out Fisher's Equation of Exchange to see what I mean.

Artisan Archer · Nov 08, 2010, 05:32 PM // 17:32

Quote:

Originally Posted by Rumi The Poet

it wouldnt be so bad if so many people didnt inflate the economy on purpose.

if people only bought what they intended to use, then it really wouldnt be so bad.

and if you disagree your just wrong and need to change your diapers..

I think he's trolling, but then again he could be serious. Either way, I would like to quote this.

drkn · Nov 08, 2010, 05:36 PM // 17:36

Quote:

Do you think asian minis will go back up?

They will, but not soon and not as much as the holders might wish and/or expect before the HoM calc came.

Quote:

I mean, most prices are stable: Ectos have been @ 7k forever now, Shards have been @ 4k for the last two weeks at least.

I forgot to mention shards. Just as HoM calc came, two-three days after, i bought 105 shards for 2-2,4k each, mostly from the trader. Now they're 4-4,6k there, that's double the price just after the update came. Quite much.

As for ZKeys... weird things i hear. I haven't bought a single key for a few months, not sold as well, but saw quite a bunch of 'WTS xx ZKey 5k each' offers in GToB and Kama (obviously not d1).

Hobbs · Nov 08, 2010, 05:50 PM // 17:50

Quote:

Originally Posted by JONO51

Theres many who havent played for a year or two but still kept their cash and ectos. They come back and start buying just wanting to be done with it. So there more buying power out there now.

Yep, I imagine this has a lot to do with it. I came back after a 2 year break and put 2 or 3 million gold back into the economy, lots of others probably did. A lot of people I know had been hoarding for a rainy day and finding they only had 10 to 20 points in their HoM went on buying sprees.

Gennadios · Nov 08, 2010, 05:53 PM // 17:53

Ectos have actually been fluctuating widely over the weekend, they'd just from 6.5 in the morning to 7.5 - 8 in the eve.

I'm pretty sure that there are significantly more ectos floating around than everyone with a reasonable chance of getting Obby armor will ever need.

The markets are getting flooded with the stuff and then it takes about a day for enough people to buy them out of circulation for the prices to go back up.

Regarding the blindfolds/dreak masks, the prices are definitely climbing. The day that I came out of retirement over the HoM I sold a set of each for around 125zkeys total.

dagrdagaz · Nov 08, 2010, 06:11 PM // 18:11

Good to know mini prices skyrocketed becos of HoM.

I think i spend like 100k on 10 first and second year whites and purple to get to the 20 mini amount for HoM

If managable, can some veterans farm Deldrimor armor, please please

Noticed high(er) demand, few players selling.
And i wanna buy a few meself.

Voodoo Rage · Nov 08, 2010, 06:13 PM // 18:13

I noticed that more expensive birthday mini's aren't selling that well either. You can fill to 50 without ever touching a 5th year mini. I was trying to sell a M.O.X. last week and couldn't get any interest in it (sold for a lower price of 65 ecto).

Ben-A-BoO · Nov 08, 2010, 06:18 PM // 18:18

Quote:

Originally Posted by JONO51

Theres many who havent played for a year or two but still kept their cash and ectos. They come back and start buying just wanting to be done with it. So there more buying power out there now.

Quote:

Originally Posted by Hobbs

A lot of people I know had been hoarding for a rainy day and finding they only had 10 to 20 points in their HoM went on buying sprees.

Yeah, Jono51 got it right from my point of view. As Hobbs I came back to finish off my HoM rewards and couldn't be arsed to worry about prices. +/- 50-100k over price wouldn't even matter. And I was by no means wealthy.