Economy and Guilds

  • Gabriel_H
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    Amottica wrote: »
    The gold sellers are a good point. They cause inflation since more gold is in the market, which is not due to actual player activity.

    Do they though?

    How much gold can a single gold seller generate in a day?
    How many players are there?
    What is the % of gold sellers to (real)players?

    In the real world money is technically finite, but governments can print more to buy their own debt through QE, this increases inflation.

    In ESO there is no debt, and no government prints money, BUT gold is not finite. Even just logging in to do the daily crafting quests generates ~3k of gold out of thin air.

    Lets say there are 30,000 unique daily players - based off steam charts at a reasonable estimate of what other platforms/login methods there are.

    Lets say that each player has an average of 3 characters, making a total of 90,000 characters who just do daily crafting quests.

    90,000 characters x 3,000 gold = 270 million gold generated out of thin air simply by doing crafting quests.

    Lets say 50% of the unique daily players do other things like dungeon runs, other dailies, trials etc, but only on one character.

    A fair estimate for additional gold for a couple of hours play, selling just white gear drops and treasure and junk? Around 30,000 gold.

    15,000 characters x 30,000 gold = 450 million gold generated. For four hours of play 900 million.

    That imo is a conservative estimate. I do not see gold sellers even coming close to being able to farm and sell enough for them to have any significant impact unless they are making up a majority of the playerbase.
  • Necrotech_Master
    Necrotech_Master
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    Gabriel_H wrote: »
    Amottica wrote: »
    The gold sellers are a good point. They cause inflation since more gold is in the market, which is not due to actual player activity.

    Do they though?

    How much gold can a single gold seller generate in a day?
    How many players are there?
    What is the % of gold sellers to (real)players?

    In the real world money is technically finite, but governments can print more to buy their own debt through QE, this increases inflation.

    In ESO there is no debt, and no government prints money, BUT gold is not finite. Even just logging in to do the daily crafting quests generates ~3k of gold out of thin air.

    Lets say there are 30,000 unique daily players - based off steam charts at a reasonable estimate of what other platforms/login methods there are.

    Lets say that each player has an average of 3 characters, making a total of 90,000 characters who just do daily crafting quests.

    90,000 characters x 3,000 gold = 270 million gold generated out of thin air simply by doing crafting quests.

    Lets say 50% of the unique daily players do other things like dungeon runs, other dailies, trials etc, but only on one character.

    A fair estimate for additional gold for a couple of hours play, selling just white gear drops and treasure and junk? Around 30,000 gold.

    15,000 characters x 30,000 gold = 450 million gold generated. For four hours of play 900 million.

    That imo is a conservative estimate. I do not see gold sellers even coming close to being able to farm and sell enough for them to have any significant impact unless they are making up a majority of the playerbase.

    gold sellers are a problem because the huge quantities of gold they have enters circulation

    gold only enters "public circulation" when its spend on guild stores or traded hands directly, if a player does writs on 10 characters but never buys anything on guild stores, their gold is staying out of circulation

    there are also players like myself who rarely if ever do daily crafting writs (im only doing them right now for surveys to finish the newish achievements for completing surveys)
    plays PC/NA
    handle @Necrotech_Master
    active player since april 2014

    i have my main house (grand topal hideaway) listed in the housing tours, it has multiple target dummies, scribing altar, and grandmaster stations (in progress being filled out), as well as almost every antiquity furnishing on display to preview them

    feel free to stop by and use the facilities
  • kargen27
    kargen27
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    Gabriel_H wrote: »
    Amottica wrote: »
    The gold sellers are a good point. They cause inflation since more gold is in the market, which is not due to actual player activity.

    Do they though?

    How much gold can a single gold seller generate in a day?
    How many players are there?
    What is the % of gold sellers to (real)players?

    In the real world money is technically finite, but governments can print more to buy their own debt through QE, this increases inflation.

    In ESO there is no debt, and no government prints money, BUT gold is not finite. Even just logging in to do the daily crafting quests generates ~3k of gold out of thin air.

    Lets say there are 30,000 unique daily players - based off steam charts at a reasonable estimate of what other platforms/login methods there are.

    Lets say that each player has an average of 3 characters, making a total of 90,000 characters who just do daily crafting quests.

    90,000 characters x 3,000 gold = 270 million gold generated out of thin air simply by doing crafting quests.

    Lets say 50% of the unique daily players do other things like dungeon runs, other dailies, trials etc, but only on one character.

    A fair estimate for additional gold for a couple of hours play, selling just white gear drops and treasure and junk? Around 30,000 gold.

    15,000 characters x 30,000 gold = 450 million gold generated. For four hours of play 900 million.

    That imo is a conservative estimate. I do not see gold sellers even coming close to being able to farm and sell enough for them to have any significant impact unless they are making up a majority of the playerbase.

    gold sellers are a problem because the huge quantities of gold they have enters circulation

    gold only enters "public circulation" when its spend on guild stores or traded hands directly, if a player does writs on 10 characters but never buys anything on guild stores, their gold is staying out of circulation

    there are also players like myself who rarely if ever do daily crafting writs (im only doing them right now for surveys to finish the newish achievements for completing surveys)

    You are assuming where and how the gold will be spent. If it is spent on homes it is removed from the game. If it is spent on carries it just goes to players already sitting on a lot of gold. Gold sellers have to do something to generate the gold. If it is selling materials in guild stores that increases supply helping to fight any inflation.
    and then the parrot said, "must be the water mines green too."
  • DenverRalphy
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    Gabriel_H wrote: »
    Amottica wrote: »
    The gold sellers are a good point. They cause inflation since more gold is in the market, which is not due to actual player activity.

    Do they though?

    How much gold can a single gold seller generate in a day?
    How many players are there?
    What is the % of gold sellers to (real)players?

    In the real world money is technically finite, but governments can print more to buy their own debt through QE, this increases inflation.

    In ESO there is no debt, and no government prints money, BUT gold is not finite. Even just logging in to do the daily crafting quests generates ~3k of gold out of thin air.

    Lets say there are 30,000 unique daily players - based off steam charts at a reasonable estimate of what other platforms/login methods there are.

    Lets say that each player has an average of 3 characters, making a total of 90,000 characters who just do daily crafting quests.

    90,000 characters x 3,000 gold = 270 million gold generated out of thin air simply by doing crafting quests.

    Lets say 50% of the unique daily players do other things like dungeon runs, other dailies, trials etc, but only on one character.

    A fair estimate for additional gold for a couple of hours play, selling just white gear drops and treasure and junk? Around 30,000 gold.

    15,000 characters x 30,000 gold = 450 million gold generated. For four hours of play 900 million.

    That imo is a conservative estimate. I do not see gold sellers even coming close to being able to farm and sell enough for them to have any significant impact unless they are making up a majority of the playerbase.

    gold sellers are a problem because the huge quantities of gold they have enters circulation

    Gold sellers don't introduce gold into the game world. They simply move it around by grinding out mats to sell on the traders. But the gold used to purchase those mats were all generated by players. And gold sellers don't hoard their gold, because they don't make money if they're not selling it.
  • Necrotech_Master
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    kargen27 wrote: »
    Gabriel_H wrote: »
    Amottica wrote: »
    The gold sellers are a good point. They cause inflation since more gold is in the market, which is not due to actual player activity.

    Do they though?

    How much gold can a single gold seller generate in a day?
    How many players are there?
    What is the % of gold sellers to (real)players?

    In the real world money is technically finite, but governments can print more to buy their own debt through QE, this increases inflation.

    In ESO there is no debt, and no government prints money, BUT gold is not finite. Even just logging in to do the daily crafting quests generates ~3k of gold out of thin air.

    Lets say there are 30,000 unique daily players - based off steam charts at a reasonable estimate of what other platforms/login methods there are.

    Lets say that each player has an average of 3 characters, making a total of 90,000 characters who just do daily crafting quests.

    90,000 characters x 3,000 gold = 270 million gold generated out of thin air simply by doing crafting quests.

    Lets say 50% of the unique daily players do other things like dungeon runs, other dailies, trials etc, but only on one character.

    A fair estimate for additional gold for a couple of hours play, selling just white gear drops and treasure and junk? Around 30,000 gold.

    15,000 characters x 30,000 gold = 450 million gold generated. For four hours of play 900 million.

    That imo is a conservative estimate. I do not see gold sellers even coming close to being able to farm and sell enough for them to have any significant impact unless they are making up a majority of the playerbase.

    gold sellers are a problem because the huge quantities of gold they have enters circulation

    gold only enters "public circulation" when its spend on guild stores or traded hands directly, if a player does writs on 10 characters but never buys anything on guild stores, their gold is staying out of circulation

    there are also players like myself who rarely if ever do daily crafting writs (im only doing them right now for surveys to finish the newish achievements for completing surveys)

    You are assuming where and how the gold will be spent. If it is spent on homes it is removed from the game. If it is spent on carries it just goes to players already sitting on a lot of gold. Gold sellers have to do something to generate the gold. If it is selling materials in guild stores that increases supply helping to fight any inflation.

    houses are 1 time cost, not much of a sink really

    if the gold changes hands at all, its entering the wider market, as those that now have the gold could spend it on something

    im sure buying carries is one of the reasons people buy gold, but that still goes to players who spent it on stuff, a lot of those top tier people usually end up buying mats for pots and whatnot which goes into circulation and spread out

    i dont know what people would buy gold for outside of carries, theres really nothing in this game that needs massive amounts of gold, but if you were just given say a couple hundred million gold, wouldnt you want to spend it on buying up stuff you wanted (expensive/new furnishing plans, motifs, etc) all of which ends up in circulation still

    if even a couple dozen players just dump a combined billion gold into the guild store market buying things, now you have say 1000 players with millions to 10s of millions of gold if they were all high cost purchases, then those sales get registered on tracking addons, and thats the "new price" people are going to list for, repeating the cycle demanding more gold

    remove the gold sellers, and you remove the massive influx of currency into the market, and existing sources of gold sinks are able to compensate for a slower increase
    plays PC/NA
    handle @Necrotech_Master
    active player since april 2014

    i have my main house (grand topal hideaway) listed in the housing tours, it has multiple target dummies, scribing altar, and grandmaster stations (in progress being filled out), as well as almost every antiquity furnishing on display to preview them

    feel free to stop by and use the facilities
  • oldbobdude
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    I agree that supply and demand will dictate price. That’s ok. On the other hand obtaining the items I sell takes my time. If the price I could get falls below what I value my time as then I just don’t sell it. Example. I won’t sell the resin for woodworking for less than 1k. I just keep it for now.

    To each their own.
  • Gabriel_H
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    gold sellers are a problem because the huge quantities of gold they have enters circulation

    gold only enters "public circulation" when its spend on guild stores or traded hands directly, if a player does writs on 10 characters but never buys anything on guild stores, their gold is staying out of circulation

    there are also players like myself who rarely if ever do daily crafting writs (im only doing them right now for surveys to finish the newish achievements for completing surveys)

    They are not creating gold. They are primarily farming mats and selling them taking gold from one player, then selling that gold to another.

    Meanwhile players ARE generating gold to the tune of billions a week, where as the creation of gold by gold sellers through the same means will be very small.
  • manukartofanu
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    Gabriel_H wrote: »
    Amottica wrote: »
    The gold sellers are a good point. They cause inflation since more gold is in the market, which is not due to actual player activity.

    Do they though?

    How much gold can a single gold seller generate in a day?
    How many players are there?
    What is the % of gold sellers to (real)players?

    In the real world money is technically finite, but governments can print more to buy their own debt through QE, this increases inflation.

    In ESO there is no debt, and no government prints money, BUT gold is not finite. Even just logging in to do the daily crafting quests generates ~3k of gold out of thin air.

    Lets say there are 30,000 unique daily players - based off steam charts at a reasonable estimate of what other platforms/login methods there are.

    Lets say that each player has an average of 3 characters, making a total of 90,000 characters who just do daily crafting quests.

    90,000 characters x 3,000 gold = 270 million gold generated out of thin air simply by doing crafting quests.

    Lets say 50% of the unique daily players do other things like dungeon runs, other dailies, trials etc, but only on one character.

    A fair estimate for additional gold for a couple of hours play, selling just white gear drops and treasure and junk? Around 30,000 gold.

    15,000 characters x 30,000 gold = 450 million gold generated. For four hours of play 900 million.

    That imo is a conservative estimate. I do not see gold sellers even coming close to being able to farm and sell enough for them to have any significant impact unless they are making up a majority of the playerbase.

    You get it right. At this stage, it is already a simple deflationary spiral.
  • Gabriel_H
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    You get it right. At this stage, it is already a simple deflationary spiral.

    It is more than just gold from thin air. It became a deflationary spiral the day that veteran active users (already have most of what they want) outnumbered newbie active users (have little of what they want).

    The supply side outstrips the demand side. This can be addressed quite simply: Cut the number of people farming stuff to sell by 50% - I'll let you tell them which 50% they fall into. :#

  • TaSheen
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    Gabriel_H wrote: »
    You get it right. At this stage, it is already a simple deflationary spiral.

    It is more than just gold from thin air. It became a deflationary spiral the day that veteran active users (already have most of what they want) outnumbered newbie active users (have little of what they want).

    The supply side outstrips the demand side. This can be addressed quite simply: Cut the number of people farming stuff to sell by 50% - I'll let you tell them which 50% they fall into. :#

    Oh good. I'm not affected.... because I never sell ANYTHING....
    ______________________________________________________

    "But even in books, the heroes make mistakes, and there isn't always a happy ending." Mercedes Lackey, Into the West

    PC NA, PC EU (non steam)- four accounts, many alts....
  • manukartofanu
    manukartofanu
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    Gabriel_H wrote: »
    You get it right. At this stage, it is already a simple deflationary spiral.

    It is more than just gold from thin air. It became a deflationary spiral the day that veteran active users (already have most of what they want) outnumbered newbie active users (have little of what they want).

    The supply side outstrips the demand side. This can be addressed quite simply: Cut the number of people farming stuff to sell by 50% - I'll let you tell them which 50% they fall into. :#

    If everything were that simple, the influx of players to events would drive prices up. However, in practice, events now significantly push prices down, while their absence allows prices to recover slightly. So, it's quite the opposite. Regular players still consume a lot and are willing to buy, but the increased drop rates over the past year on almost everything, along with constant event-related freebies, are driving prices lower and lower.

    This is also indirectly confirmed by the much faster price drop for style pages during events compared to before. Even though these are entirely new items in the game and are consumed by all players, they are particularly appealing to regular players who are more willing to buy them. And these are not items that can simply be farmed.

    The same trend can be seen in the behavior of prices for new motifs. Take a look at the 128th motif — its value plummeted immediately upon release. And so on.

    The real difference is that in the past, new players could profit from such releases, with demand coming primarily from regular players. This created a steady flow of gold from veteran players to newcomers. New players, in turn, bought materials and other essentials from veteran players. Now, however, items drop in such abundance that there’s no need to buy anything, leaving new players without a way to earn gold. Farming gold directly is inefficient, and as a result, prices for everything are falling because overall activity is declining.

    Honestly, I don't even know why I started describing what happens during a deflationary spiral. All of this can be read in any article on the topic of "deflationary spiral.
  • Zodiarkslayer
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    sarahthes wrote: »
    They added massive amounts of gold sinks (scribing is a huge one) and banned a huge number of gold sellers, and also clawed back and deleted gold that had been acquired via RMT.

    The amount of gold in game dramatically decreased. As did the amount of gold *in circulation*.

    I give you the "crack down on the gold sellers". That has an impact. Though not the one that you describe.
    The millions of gold removed this way were strategic reserves and were not intended for purchasing any item from the guild store, anyway.
    The effect on market prices is however minimal. It only serves to lower the impact that real life currency has on market prices in ESO. And only to a certain extend, because crown trading is still possible, the crossing between digital and analogue world is stil there.

    The rest is just wishful thinking and massively overstating the dramatic effect of easily avoided service fees. 🤦‍♂️
    If anyone here says: OH! But, PVP! I swear I'll ...

    Thank you for the valuable input and respectfully recommend to discuss that aspect of ESO on the PVP forum.
  • Ingenon
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    Yes, I agree. I don’t know about the PC market, but on PS even the three capital cities have traders I have never heard of and have little inventory.

    ON PS/NA, I am also seeing traders in capital cities with guild names I have never seen before.

    Separately, my sales are down. Not a problem for me because I have gold banked, and I'm not spending it faster than it is coming in. But I can see where someone who is into something that uses lots of gold could be stressing over this game economy.
  • katanagirl1
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    Ingenon wrote: »
    Yes, I agree. I don’t know about the PC market, but on PS even the three capital cities have traders I have never heard of and have little inventory.

    ON PS/NA, I am also seeing traders in capital cities with guild names I have never seen before.

    Separately, my sales are down. Not a problem for me because I have gold banked, and I'm not spending it faster than it is coming in. But I can see where someone who is into something that uses lots of gold could be stressing over this game economy.

    Yes, the prices for furnishing plans in the new chapter. I have some gold too and I keep holding out for lower prices but I am just not seeing them. Farming the structural plans for the last three chapters has proven fruitless so I just buy them now.
    Khajiit Stamblade main
    Dark Elf Magsorc
    Redguard Stamina Dragonknight
    Orc Stamplar PVP
    Breton Magsorc PVP
    Dark Elf Magden
    Khajiit Stamblade
    Khajiit Stamina Arcanist

    PS5 NA
  • Gabriel_H
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    If everything were that simple, the influx of players to events would drive prices up.

    Returning players who already have lots of stuff and gets mats from event boxes that then increase supply? Those players?

  • Amottica
    Amottica
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    Gabriel_H wrote: »
    Amottica wrote: »
    The gold sellers are a good point. They cause inflation since more gold is in the market, which is not due to actual player activity.

    Do they though?

    How much gold can a single gold seller generate in a day?
    How many players are there?
    What is the % of gold sellers to (real)players?

    In the real world money is technically finite, but governments can print more to buy their own debt through QE, this increases inflation.

    In ESO there is no debt, and no government prints money, BUT gold is not finite. Even just logging in to do the daily crafting quests generates ~3k of gold out of thin air.

    Lets say there are 30,000 unique daily players - based off steam charts at a reasonable estimate of what other platforms/login methods there are.

    Lets say that each player has an average of 3 characters, making a total of 90,000 characters who just do daily crafting quests.

    90,000 characters x 3,000 gold = 270 million gold generated out of thin air simply by doing crafting quests.

    Lets say 50% of the unique daily players do other things like dungeon runs, other dailies, trials etc, but only on one character.

    A fair estimate for additional gold for a couple of hours play, selling just white gear drops and treasure and junk? Around 30,000 gold.

    15,000 characters x 30,000 gold = 450 million gold generated. For four hours of play 900 million.

    That imo is a conservative estimate. I do not see gold sellers even coming close to being able to farm and sell enough for them to have any significant impact unless they are making up a majority of the playerbase.

    To answer the first question, Yes. Any amount of money injected into the market, which in this case, someone is buying the gold to spend it, will add to inflationary pressures.

    Real-world currency is not all finite, and printing more is not the reason why. The US Fed adds money to the economy if inflation is bottoming out. In their case, they add it by making loans cheaper. Granted, they have other tools, such as buying back bonds and adjusting the discount rate they charge banks. That is Economics 101. :smile:

    Of course, what the Fed does does not happen in the game. I just noted that since the post I have quoted here suggests printing money is how more is added to the economy. That is slow and not done by major economies as it undermines their currency.

    Back to the game, we are not talking about players but accounts. It does not take a rocket scientist to figure that out when they see a bot train farming. With their pathing, they are programmed to follow the path instead of having a player controlling anything line. I have seen 20+ bots together with at most one person controlling them. They all follow in a line per the programming and wear low-end gear. They follow that same path every time.

    Oh, and they can operate for many more than a real player. When automated, they can operate 24/7. They just need someone to vendor the drops they get occasionally.

    The estimated numbers are not correct, as they are just guesses. I would not be able to come up with an accurate number either, and that is important. A Google search turned up what looked like a couple of dozen groups selling gold in ESO, but even that does not tell us how much they can sell or farm daily.

    Ofc, this is not the only source of inflationary prices as was noted in my full post, the one sentence was plucked from.

  • Tenn60
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    At least on Xbox, there are a ton of free trader guilds with decent spots. Certainly not as many for the main trader cities, but still a lot in DLC zones and other places that are high enough traffic that they do well. Naturally if you are paying a weekly/monthly due, you are going to try and make the most of your slots and be more particular in how you price items, and your more likely to want items to stay at the current/higher value to maximize your profit. As the amount of free/donation based traders increase, you’ll have less people inclined to spend whatever amount it is on dues. The free trading guilds are also usually built for player retention and focus on the community aspect to build that desire to donate, focus events, other benefits outside of the trader. That allows them when needed to ask for donations. I’ve seen plenty that people rally and donate substantial amounts to help maintain the trader, and you have some that decide hey let’s go for a less expensive trader and if we get it we get it if not we will try again next week. Not a knock on how the people that run trading guilds operate, most run a lot of events and try to focus on player retention, but you’ve also created this business relationship. If I’m paying you dues already and then you say we need more to keep this trader, or you have a week that you miss on a trader, then your more likely to take a big hit on members because their only tie to the guild is paying to use the trader and you as the guild aren’t maintaining your part of this business relationship. As mentioned before you have less new players, and after you have made so much money and collected so much stuff, a lot of people shift to wanting to just enjoy the game and not grind to maintain certain levels that used to seem important. The market is going to do what the market is going to do, just like any other business you either adapt or you fail. You can blame whoever you want for the changes, but it won’t stop them.
  • Juju_beans
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    Players determine the economy. Not everyone is a video game millionaire.
  • CatoUnchained
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    so you want everything to become more expensive to buy again? got it lol

    .....)

    This is a total mischaracterization of what the OP is asking for and talking about.
  • CatoUnchained
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    Compared to 9 months ago an ever higher amount of currency is in the game! Yet prices are a fraction of it. Explain that before you make any claims.
    The guys selling high value items 9 months ago didn't disappear over night. And the gold they made is still in the game.
    In fact, they are in the guilds that still hold the top spots of guild trading, because they still have mountains of gold that they are sitting on. Quite comfortably so.

    The reason prices crashed is because the Gold Road Chapter was too weak to get enough new/returning players into the game, as a chapter release would normally do. Put that in context of massive influx of items due to anniversary box farming, ink farming and increased access barriers to participating in any aspect of guild trading and you get an idea of the cascading multiple effects that ultimately burst the speculation bubble.
    That all was happening while the amount of ingame gold was steadily growing!

    How people can still believe in this idea of amount of gold having any influence on prices in this game at all is beside me!
    I guess there really is no I in denal, isn't there?

    The problem with your argument is that most of the gold is sitting in accounts that are no longer active. Players who don't log on don't circulate their gold.
  • TaSheen
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    Some of us who play every day don't circulate the gold either. There's just nothing much I need so the gold just sits there.
    ______________________________________________________

    "But even in books, the heroes make mistakes, and there isn't always a happy ending." Mercedes Lackey, Into the West

    PC NA, PC EU (non steam)- four accounts, many alts....
  • Mavloc
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    Would be nice if ZOS would add a way to sell crowns for gold like every other MMO
  • Northwold
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    All other points aside, it's important to differentiate between gold in circulation that people actually use, and gold that just sits there doing nothing. In the real world, the amount of money in circulation is measured using a number of different metrics to take account of this (distinguishing, eg, notes and coins from other ways of holding money).

    So it's not as simple as "is there gold in the economy". It's a question of how much of that gold players are actually using at any given time.
    Edited by Northwold on November 25, 2024 10:13AM
  • Calastir
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    I play both PC/NA and PC/EU and after comparing both for a month now, I find the PC/NA economy quite stuck.

    On PC/EU I sell stuff every day, and have outfitted both new companions in purple gear.
    Also, most my guild banks allow players to take and contribute freely and are often filled with good stuff.

    On PC/NA I hardly sell anything and can only outfit less than half my companions since all purple gear is twice or 10 times as expensive. Also, all my guild banks are closed to players and they get suspicious when I ask why.
    Chaszmyr Do'Benrae (Dunmer Magsorc Vampire Infinity) ~ Dusk Doublespeak (Breton Magplar Werewolf) ~ Stan of Rimari (Nord Dragonknight Tank) ~ Bunto Kim Alhambra (Redguard Magplar Paladin) ~ Alicyankali (Argonian Magicka Necromancer Draugr Kin) ~ Gruuman Odinfan (Orsimer Magplar) ~ Boymans van Beuningen (Khajiit Stam Warden Bowzerker) ~ Flannelflail (Imperial Stamina Nightblade Brawler PVP) ~ Calastir (Altmer Stamina Dragonknight) ~ Sallystir (Bosmer Stam Warden Frostbite PVP) ~ Zalastir (Altmer Magicka Warden Ice Storm) ~ Capt Peach (Nord Stamcanist Crux Cannon) ~ PC EU ~ Flynt Westwood (Bosmer Magicka Dragonknight) ~ PC NA ~ since May 26th, 2021.
  • Gabriel_H
    Gabriel_H
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    Amottica wrote: »
    To answer the first question, Yes. Any amount of money injected into the market, which in this case, someone is buying the gold to spend it, will add to inflationary pressures.

    No gold is being "injected" into the market, it's merely being cycled. The gold the gold seller has, comes from selling things to players. No gold is being created.
  • Vulkunne
    Vulkunne
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    So in recent days there has been a lot of changes to the games economy resulting in a tanking of funds for everyone. In most recent of days it has caused 2 of my guilds to call it quits siting the economy.
    So this is a plea to ZOS to please put scarcity back into the game and possibly the 30 day listing, if not that reduce the listing cost to half of what it was.
    I have had these 2 guilds for years and for them to fail because that cant afford to keep going should be a red flag that the changes made are not good ones.
    I personally am having a more difficult time maintaining a profit.

    Please for the love of ZOS fix the economy!

    It's too late for that. They should have thought about this beforehand, many of us including myself actually did say something about how bad things could get when you 'mess' with the economy. You had many many folks on here mad about the prices being high, I kind of agreed with that but only for new folks and casuals with jobs who wanted to play the game but didn't have time to farm too much.

    So, I dunno. They got what they wanted, the prices are less but I'll tell ya something else, my sales are virtually gone. I make like not even 10% of what I used to make weekly. Some will see this and point fingers at me too, but you know what? None of you are making gold either, not thru sales or not like you used to. Guilds are kicking people out like tennants who aren't paying their rent because they refuse to contribute to the Guild maint fees and now it's my turn to point fingers and say, "that's exactly what needs to be done". If you don't like it that's just too bad, there are consequences now, the Guild(s) need help now and it's not like it was before where Guilds could carry people and had these illustrious raffles, just giving stuff away. Now many guilds don't have a raffle at all.

    This was the primary and overall focus of the caution I gave whenever we talked about prices. Now this is the world we live in today and its every man or woman for themselves. And some folks still are not happy, they still are not satisfied, and everything is still someone else's fault. As for the Guilds suffering from all this, damage done and for some of them it's over. Best of luck to everyone else. Trust no one. Peace out.
    Edited by Vulkunne on November 30, 2024 4:10PM
    Today Victory is mine. Long Live the Empire.
  • XSTRONG
    XSTRONG
    ✭✭✭✭✭
    Gabriel_H wrote: »
    Amottica wrote: »
    To answer the first question, Yes. Any amount of money injected into the market, which in this case, someone is buying the gold to spend it, will add to inflationary pressures.

    No gold is being "injected" into the market, it's merely being cycled. The gold the gold seller has, comes from selling things to players. No gold is being created.

    The highest amount of Gold i have been able to get from in game sources "not writs" are around 60k per hour during an 100% Gold event.

    I think thats pretty good for 1 hour at least on Ps5eu where I think prices are much lower then PC.

    We need more 100% Gold events so weird people like me that enjoy grinds can bring more Gold into the game lol
  • SilverIce58
    SilverIce58
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    ✭✭
    TaSheen wrote: »
    Some of us who play every day don't circulate the gold either. There's just nothing much I need so the gold just sits there.

    If your gold is not being spent and circulated then why comment? Sounds like this has nothing to do with you.
    PC - NA
    CP 1125
    Veric Blackwood - Breton Magsorc DC
    Xhiak-Qua'cthurus - Argonian Frost Warden EP
    Kujata-qa - Khajiit Magplar AD
    Suunleth-dar - Khajiit Stamblade AD
    Teldryn Antharys - Dunmer Flame DK EP
    Strikes-With-Venom - Argonian Poison DK EP
    Rur'san-ra - Khajiit WW Stamsorc AD
    Ilianos Solinar - Altmer Stamplar AD
    Iscah Silver-Heart - Reachman Magden DC
  • Northwold
    Northwold
    ✭✭✭✭✭
    TaSheen wrote: »
    Some of us who play every day don't circulate the gold either. There's just nothing much I need so the gold just sits there.

    If your gold is not being spent and circulated then why comment? Sounds like this has nothing to do with you.

    Because it's relevant to discussions of what's going on. These discussions tend to be more productive when people don't try to dismiss other people's contributions as irrelevant for manufactured reasons and gatekeep who is "qualified" to comment on their pet subject.
    Edited by Northwold on November 30, 2024 6:40PM
  • SilverIce58
    SilverIce58
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    ✭✭
    Northwold wrote: »
    TaSheen wrote: »
    Some of us who play every day don't circulate the gold either. There's just nothing much I need so the gold just sits there.

    If your gold is not being spent and circulated then why comment? Sounds like this has nothing to do with you.

    Because it's relevant to discussions of what's going on. These discussions tend to be more productive when people don't try to dismiss other people's contributions as irrelevant for manufactured reasons and gatekeep who is "qualified" to comment on their pet subject.

    Ok
    PC - NA
    CP 1125
    Veric Blackwood - Breton Magsorc DC
    Xhiak-Qua'cthurus - Argonian Frost Warden EP
    Kujata-qa - Khajiit Magplar AD
    Suunleth-dar - Khajiit Stamblade AD
    Teldryn Antharys - Dunmer Flame DK EP
    Strikes-With-Venom - Argonian Poison DK EP
    Rur'san-ra - Khajiit WW Stamsorc AD
    Ilianos Solinar - Altmer Stamplar AD
    Iscah Silver-Heart - Reachman Magden DC
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