Pathetic Inflation!!!!

Moltov joss

Lion's Arch Merchant

Join Date: May 2005

D/

Isnt this obsurd???


Red Sonya

Desert Nomad

Join Date: Jul 2005

Oh boy my black dye sale prices are going to go up now. hehe THanks for the screeny.

Hate

Hate

Academy Page

Join Date: Aug 2005

Lions Arch

Black dye is now worth 20k at the trader, did anyone else see this? It might just be a short period thing or it might be for the long run, all I know is that I'm not buying black dye for awhile, and something should be done about this.

Arturo02

Arturo02

Wilds Pathfinder

Join Date: Jul 2005

See that third planet from the sun?

Sacred Forge Knights

R/Me

what's the sell to vendor price?

Moltov joss

Lion's Arch Merchant

Join Date: May 2005

D/

Quote:
Originally Posted by Arturo02
what's the sell to vendor price?
around 7k lol

Makkert

Makkert

Black Beast of Aarrrrgghh

Join Date: May 2005

The Netherlands

The Biggyverse [PLEB] // Servants of Fortuna [SoF]

Wow...
i bought for just under 7k at dye merchant yesterday... o.0

Sagius Truthbarron

Sagius Truthbarron

Desert Nomad

Join Date: Jun 2005

Animal Factory [ZoO]

A/

Now if only dust would go to 10k...

Moltov joss

Lion's Arch Merchant

Join Date: May 2005

D/

Quote:
Originally Posted by Makkert
Wow...
i bought for just under 7k at dye merchant yesterday... o.0
your lucky!!!

PieXags

PieXags

Forge Runner

Join Date: May 2005

The Infinite Representation Of Pie And Its Many Brilliances

There needs to be a set price for things like dye, where it can't go above that.

Why do I say this?

Because I know of a couple people at least who have 150+ black dyes just sitting in their inventory, they never use them, they just enjoy collecting black dyes specifically, so when they have the money they buy out the vendor and rarely if ever use them. That to me is bullshit, where those who actually want to use it can't afford it anymore because of their selfishness and their ability to fork over 10 dollars on ebay for some gold.

=HT=Ingram

=HT=Ingram

Forge Runner

Join Date: Feb 2005

Anchorage Alaska

Haz Team [HT]

R/W

Well there are 225 slot possible on every account. So 150 or more is at least 60% of their possible inventory. So that's a lot... I know some people treat Black Dye as a commodity, and buy or store low and sell high to NPCs. I used to be one of them. I would wait for the price to skyrocket as it is now, and Flood the market with them and drive the price down for everyone else's benefit. Thus starting a trend that others would start selling them cause the price was dropping... By the time we all sold off the dyes the price would easily be down to a fair price range again. normally around 1k... Then we start all over collecting our dyes for the next big sell off... last time I did this I made a bit over 100k Gold in a few mins from the NPC... But to took me nearly a month to collect all the dye for it and another few weeks to wait for the price to go up to a good point. Looks like this is another good time to do it. Pity I didn't save up a bunch as I did last few times... But 9 chances out of 10 more then me have continued, so the price will be coming down soon enough...

Why not just market it myself you ask? Well I suppose I could, And wouldn't that be a fine how do you do, to all the good people wanting to buy at a cheaper price? By doing it this way, everyone gets a good come himance, and the only ones hurt be the inflating devils that drove the prices up in the first place... So basicly its me thumbing my nose at the big nasties and trying to line me own pocket in the process. And I'll be a banshee, if it don't throw em for a hissy, in a dither... Aint it grand?

Opps sorry... I got me an Irish Bug there for a second thinking of me last crock of gold from this time last. lol

Mugon M. Musashi

Lion's Arch Merchant

Join Date: Jul 2005

France (Paris)

BUG

Mo/W

price woudn't have to come down if it was not high in the first place ...

Ashley Twig

Ashley Twig

Krytan Explorer

Join Date: May 2005

germany

Guild Of Openhearted Deeds

R/Mo

Quote:
Originally Posted by Moltov joss
Isnt this obsurd???
Good thing I only used 1 of my 2 found vials on my mesmer's enchanter's stockings.

I was saving the other one for FoW armor, if I ever get there.

Infecta

Ascalonian Squire

Join Date: Jun 2005

W/Mo

Ya, rune of Sup Vigor was going for 66k at vendor last night too. Was around the 38k mark just a few days ago.

Moltov joss

Lion's Arch Merchant

Join Date: May 2005

D/

Personally I dont think these vendor prices reflect the true "supply and demand" if you know what I mean.

Crimson_1190

Crimson_1190

Academy Page

Join Date: Jun 2005

Take a wild guess.....

Reality Check

W/R

The prices will come down....Like they ALWAYS do. That is what motivates the transition from a buyers market to a sellers. It is not inflation.

"In economics, inflation is an increase in the general level of prices of a given kind. General inflation is a fall in the market value or purchasing power of money within an economy, as compared to currency devaluation which is the fall of the market value of a currency between economies. General inflation is referred to as a rise in the general level of prices. The former applies to the value of the currency within the national region of use, whereas the latter applies to the external value on international markets. The extent to which these two phenomena are related is open to economic debate.
In some contexts the word "inflation" is used to mean an increase in the money supply, which is sometimes seen as the cause of price increases. Some economists (of the Austrian school) still prefer this meaning of the term, rather than to mean the price increases themselves. Thus, for example, some observers of the 1920s in the United States refer to "inflation" even though prices were not increasing at the time. Below, the word "inflation" will be used to refer to a general increase in prices unless otherwise specified.

Inflation can be contrasted with "reflation," which is either a rise of prices from a deflated state, or alternately a reduction in the rate of deflation, that is, the general level of prices is falling, but at a decreasing rate. A related term is "disinflation", which is a reduction in the rate of inflation but not enough to cause deflation." Wikipedia "inflation


Don't fret....it will return sometime...much like: Steel, Delm. Steel, ecto, shards,Fur and all the other things people just cant do without

Moltov joss

Lion's Arch Merchant

Join Date: May 2005

D/

Quote:
Originally Posted by Crimson_1190
The prices will come down....Like they ALWAYS do. That is what motivates the transition from a buyers market to a sellers. It is not inflation.

"In economics, inflation is an increase in the general level of prices of a given kind. General inflation is a fall in the market value or purchasing power of money within an economy, as compared to currency devaluation which is the fall of the market value of a currency between economies. General inflation is referred to as a rise in the general level of prices. The former applies to the value of the currency within the national region of use, whereas the latter applies to the external value on international markets. The extent to which these two phenomena are related is open to economic debate.
In some contexts the word "inflation" is used to mean an increase in the money supply, which is sometimes seen as the cause of price increases. Some economists (of the Austrian school) still prefer this meaning of the term, rather than to mean the price increases themselves. Thus, for example, some observers of the 1920s in the United States refer to "inflation" even though prices were not increasing at the time. Below, the word "inflation" will be used to refer to a general increase in prices unless otherwise specified.

Inflation can be contrasted with "reflation," which is either a rise of prices from a deflated state, or alternately a reduction in the rate of deflation, that is, the general level of prices is falling, but at a decreasing rate. A related term is "disinflation", which is a reduction in the rate of inflation but not enough to cause deflation." Wikipedia "inflation


Don't fret....it will return sometime...much like: Steel, Delm. Steel, ecto, shards,Fur and all the other things people just cant do without
You're speaking of real world economics. Black dye in and of itself is a currency. Alot of variables apply to gw economy. Well its a game after all. Looks matter to alot of people. So something like black dye will ALWAYS have a demand. Poor sell to vendor prices are whats to blame for alot of it I believe. Black is like 23k plus at vendor but he only buys for like 8k now.

Mugon M. Musashi

Lion's Arch Merchant

Join Date: Jul 2005

France (Paris)

BUG

Mo/W

next time the price go down, everyone will jump on them and make the price go high again in just a few hours

Crimson_1190

Crimson_1190

Academy Page

Join Date: Jun 2005

Take a wild guess.....

Reality Check

W/R

Well he used a world economics term... my quote was meant for the fact that inflation is the wrong term. Also, how different is it in an econ like this based on supply and demand....Chaos Axes can sometimes go for a couple K because people can buy them for that amount....but that is neither here nor there, my post was two fold the first was the Quote based on the fact that inflation is the wrong term to use. The second is that the prices will come down as they always do. I should have been a bit more clear of the delineation

Also with poor sale to the vendor, haven't you ever gone to a pawn shop before? Then tell me if the vendors devaluation is so outrageous....They are pawn brokers plain and simple

Moltov joss

Lion's Arch Merchant

Join Date: May 2005

D/

I think there needs to be a rebalance in the economy trader wise. Many use them as a guidline for pricing. The traders in some respects seem fair for certain thing and items. Im just glad I bought my Superior healing rune when it rocked at 6k 3 days ago. Since its been fluctuating around 11-22k. Now its like 24k

RTSFirebat

RTSFirebat

The Humanoid Typhoon

Join Date: May 2005

UK

Servants of Fortuna [SoF]

R/

While they are at it, could the fix the fact that the traders give sod all money for items we sell them, but then turn around and sell them at a much more expensive price.

Moltov joss

Lion's Arch Merchant

Join Date: May 2005

D/

Quote:
Originally Posted by Crimson_1190
Also with poor sale to the vendor, haven't you ever gone to a pawn shop before? Then tell me if the vendors devaluation is so outrageous....They are pawn brokers plain and simple

Ya, I am really getting that feeling of a pawn shop. Pathetic a video game has to be so anal about its prices. I've paid much attention to the economy in gw. I still can't believe my eyes when I see some of the prices like these.


Note: The term "Inflation" whether my useage is incorrect is irrelevant.
I know inflation is a different thing, but its a word that most will understand. Meaning Higher prices (in that sense forgive spelling).

Crimson_1190

Crimson_1190

Academy Page

Join Date: Jun 2005

Take a wild guess.....

Reality Check

W/R

See above Ye Oldde Pawn Shoppe quip above. If you go to a pawn shop sometime and parooze the items, some places have almost a 100% mark up from what they bought it for (tech items seem to be 150% +)....I mean you sell your 13-24 chaos axe to the vender for 75 gold, which is reasonable even considering the fact it is covered in blood....

Warlawk

Frost Gate Guardian

Join Date: Jun 2005

W/Mo

Quote:
Originally Posted by =HT=Ingram
Well there are 225 slot possible on every account. So 150 or more is at least 60% of their possible inventory. So that's a lot...
dye is stackable, so if you think theyre devoting 60% of thier inventory to this, youre wrong

PieXags

PieXags

Forge Runner

Join Date: May 2005

The Infinite Representation Of Pie And Its Many Brilliances

It's just stupid, dye isn't something that should cost you more than a superior monk rune. There needs to be a set price that the price of dye revolves around.

=HT=Ingram

=HT=Ingram

Forge Runner

Join Date: Feb 2005

Anchorage Alaska

Haz Team [HT]

R/W

seriously? wow. I never knew that. lol I always mixed them when I tried to stack em in the past. but that was a while ago. like I said I havent done it in quite some time... But I may have been mistaken, or they changed it in a recent update...

Yep sure are. wow. I guess I always picked them up and just put them in storage till later and never tried to stack them again. lol Thats a real d'oh moment... I'm not even blonde.

I do know that periodically Arenanet injects some into the traders if the price gets too high or if the item vanishes from the trader offerings for a long time. They do it with runes too. I was lucky to be on the other night when the superior vigor came on when they just injected a bunch. it jumped from 60k to 30k in a few secs. And may of us jumped on that opportunity. I just resold one of them to the NPC just now for 60K so I recouped my purchase right there... I used the other one. I was getting an extra for someone else, but he got one same time I did for himself...

Crimson_1190

Crimson_1190

Academy Page

Join Date: Jun 2005

Take a wild guess.....

Reality Check

W/R

naw, i like the concept of a free market....whether it truly is or not people will debate, but i think this idea is superior to pricing ranges.

ShinJin Kahn

Academy Page

Join Date: Jul 2005

Dragon Slayer Guild

W/Mo

Venders are not pawn shops, they're just screwed, I sold a sup prot rune to vender for 9k yesterday when vender was selling for only 10.5k

RagingTowers

RagingTowers

Pre-Searing Cadet

Join Date: Jul 2005

N/Mo

Super Noob here!

Whats so special about Black Dye anyway? All it does is change the color of armor and stuff. It doesnt add any status effects does it?

I dont think it does. But i guess its just super rare. If the item drop rate was changed then the price would probably drop.

More people having it, less people scalping it

ShinJin Kahn

Academy Page

Join Date: Jul 2005

Dragon Slayer Guild

W/Mo

AHHHH omg, i just checked the rune prices and vender is selling sup monk runes for no less then 22k!!!!!!!!, i can't even imagine the buy price. i should have waited.

Divinitys Creature

Divinitys Creature

Krytan Explorer

Join Date: Apr 2005

Somewhere between the Real World and Tyria ;P

The Gothic Embrace [Goth]

Isn't it crazy when for two pots of black ink you can buy a whole Guild Hall on a PRIVATE ISLAND! o.0

Rulke

Academy Page

Join Date: Jun 2005

The Lair Of The Red Dragon

N/E

Solution to the pricing chaos: Allow them to be made by crafters. Hidden ones. For a price of a few hundred for most, five hundred for silver and a few k for black, plus ingredients. Make the crafters fairly hard to find, and with slightly randomized locations (always be present in the area, but in one of 5 or 6 places, so it's hard to find). Limit the buy prices at the dye traders to go to a minimum of what it is required to craft them, plus about half that value, so people will still sell to them.

Now, people will sell these for a reasonable amount of mark-up, or to the trader for the enforced miunimum level of mark-up. There will be a lot of these things going around, so the price will drop to somewhere between the minimum buy price of the trader, and the corresponding minimum sell price of the trader. The craft price and enforced minimum buy prices keeps the amount people will sell them for high enough for people to turn a profit, but low enough for people to buy them.

Or they can explore and find the crafters themselves.

Possibly remove the crafters from an area (or all areas) for a person, if they run into the area, found the crafter, left the area, then goes to a materials person, then runs into the area and to the crafter again lots of times, to stop people farming these guys too much. Reinstate them every few hours/days/when they have stopped running round the areas long enough.

Sagius Truthbarron

Sagius Truthbarron

Desert Nomad

Join Date: Jun 2005

Animal Factory [ZoO]

A/

Well, atleast if I get a black dye now I can ALMOST pay for a superior smiting rune.

Crimson_1190

Crimson_1190

Academy Page

Join Date: Jun 2005

Take a wild guess.....

Reality Check

W/R

crafter hours.....i only craft between the hours of blah-blarg.... "im on my coffee break come back later"

I also think that some of the crafting prices should be changed to reflect different quantities. Charcoal should not be as expensive as it is, it makes steel more expensive than buying. I just mean it would be better (note i didnt say Should) if it was around the price of making parchment. crafters for different weapons would be quite nice....but this is all pie in the sky.

Makkert

Makkert

Black Beast of Aarrrrgghh

Join Date: May 2005

The Netherlands

The Biggyverse [PLEB] // Servants of Fortuna [SoF]

Quote:
Originally Posted by Divinitys Creature
Isn't it crazy when for two pots of black ink you can buy a whole Guild Hall on a PRIVATE ISLAND! o.0
Now, if only that private island could be mined for black ink....

asdar

Krytan Explorer

Join Date: May 2005

Quit complaining so much. It's perfect the way it is.

GW has done things exactly right in this game. Stats sell low, looks sell high. That's the way it should be.

Any character in the game that gets through the missions and doing just the skill quests should be able to buy the best stat armor in the game.

That's perfect for casual and hard core players alike. If you want to look good then you have to work for the looks, but if you're a casual player you have the stats to be equal and the looks will come. You're not at a disadvantage in any way while you play.

Edit: Well perfect as far as cosmetic costs vs stat costs for PvE. I think they have a few issues they could work on for other things.

Mr. Matt

Mr. Matt

Krytan Explorer

Join Date: May 2005

R/Mo

Grr. I was going to buy some vials of black dye while it was just above 5k a couple of days ago. But as per usual, I considered the risks rather than the profits, and now I'm just going to have to break some stuff to stop myself from shouting...

Algren Cole

Algren Cole

Banned

Join Date: Jun 2005

Quote:
Originally Posted by Mr. Matt
Grr. I was going to buy some vials of black dye while it was just above 5k a couple of days ago. But as per usual, I considered the risks rather than the profits, and now I'm just going to have to break some stuff to stop myself from shouting...
lol....gotta take that risk. I'm still sitting on 58 vials of silver I bought at 379 each...when silver hits 1.5 plat like it was a few days ago...I'm making bank

Mr. Matt

Mr. Matt

Krytan Explorer

Join Date: May 2005

R/Mo

Quote:
Originally Posted by Algren Cole
lol....gotta take that risk. I'm still sitting on 58 vials of silver I bought at 379 each...when silver hits 1.5 plat like it was a few days ago...I'm making bank
Yeah. And knowing my luck, black dye'll never drop down in price again...

...but if it ever does, my entire inventory is going to be full of the stuff within a minute .

Of course, if I do that, ANet will end up adjusting it so that it can never go higher than 50g or something like that. Just to spite me.

Winds of Blood

Winds of Blood

Frost Gate Guardian

Join Date: Jun 2005

Void Engineers [vE]

Black Dye is more of a luxury, not a damn necessity.

It is meant to look expensive, and looks really nice on the 75k armor. If it went up to 100k , I'd Love it.

Sofonisba

Sofonisba

Desert Nomad

Join Date: Jun 2005

Tucson, AZ

The Black Hand Gang [BHG] and The Black Helm Gang [BHeG]

I know I'm an online gaming noob, and an econ noob as well, but is there any reason why there can't be price fixing on everything? Or is that just one element of "fun" people expect from these games? I don't mean to criticize the development at all, I'm just wondering.

I mean, it's not like a real-world economy at all, in that no one pays taxes or a monthly mortgage payment on the hall, or subsidize poorer players with their own farming income. Why not just fix all prices?

Let the merchant buy at half the sale cost, and players have the opportunity to negotiate within that window if they wish. Why need there be a limited supply of anything--gold, mods, dyes--that cause everyone to complain about nerfing?

Anyway, just wondering, not (really) complaining.