25 Apr 2006 at 15:27 - 33
i think you are all forgetting one key detail.
6 months ago ecto was the same price as it is now; in the 6-8k range, toggling up and down for a period of time, untill the 55 monk builds became well-known.
but, ecto prices skyrocketed when soemthing started happening; when the 55 monks started mass farming ecto (increasing the supply) the price actually went up, which is contrary to almost every single economic indicator known to man, by all means it doesnt make sense...untill you look at it more closely. before ecto became mass-farmed (literally thousands were being dumped a day) trading in excess of 100k was not an easy task, more often than not a person would give pieces of their armor as collateral to finish the trade. but when ecto started hitting the markets en-masse people started using them as an alternate form of currency; just like the fact that dollar bills ahve absolutly no actual value by themselves. why does money retain value? you cant eat it, you cant really play with it, you cant marry it, it wont bare your children, you cant watch TV on it, and it doesnt play your MP3s...so why the hell is that useless emagalation of paper and linen valuable? because of the knowledge that you can go to your local gorcerystore/street-corner/best-buy and get the things you want with it.
the same principle applied to ecto; when people started using them to mediate trades they themselves became a form of GW currency. yes, the value flucuates, but so does the value of actual currency, like in any market. and yes, its possible that in ch2 a new currency will come into fruition, but for the exact same reason people are worried, is the exact same reason they will stay artificially high; factions and prophecies are stand-alone-games...taiwon and japan just got ahold of prohpecies, and in that resides a brand-new ecto market. people just dont understand that the whole reason ecto went up in price is due to the accessability; with more ecto hitting the market it was actually possible to use them to moderate trades, but if people only buy half a dozen here and there, who the hell would want to substitute ecto for gold? it would take you longer to convert the ecto to gold than it would take you to sell the weapon. in short, the over-supplying of ecto actually made them more valuable initially, and now the prices change just due to natrual fluctuation in the market.
now, i more than anyone will tell you that ecto will more than likely drop in ch2; moreso in the begining, as all the little people panic to scrape up all the materials possible for their brand-new shiny 15k ch2 armor or whatever the case may be; but after that feeding frenzy is over, the value of the new items will subside, the market will stabilize, and i think you'll find that the most readily accessable high-value materials will become new forms of currency. i think you may find that even in ch2 ecto will hold some value; most certainly not the 12k+ value of late 2005, but i can virtually guerentee they wont tank entirely (for one, i dont think anet wants anyone with 10k to be able to afford fissure).
thats my sentiment on the matter.