Crazy inflation since greymoor

Shootsfoot · November 2020

Recapitated wrote: »

Shootsfoot wrote: »

You (nor anybody outside of the developers) really don't have any idea what the M1 is in the game. You're making suppositions based on anecdotal evidence. It could be people were sitting on piles of gold in the first place and they're now shooting the locks off their wallets to try the new stuff.

I agree, we don't know. That's why I asked why you confidently asserted that:

Shootsfoot wrote: »

It's not inflation. It's supply and demand.

I haven't said anything either way, except (to spell it out) that ceteris paribus 100k in daily rewards causes prices to increase.

I'm going with what I see in guild stores. If it were truly inflation, low-level items would also reflect it, they're not. At least not what I can tell.

I'm just playing devil's advocate. It's all supposition on both sides, that's all.

VoidCommander · November 2020

The trick to slowing inflation rates in mmos isn’t by lowering the amount of gold generation (ie: quest rewards), but rather to include ways to return that gold back into the great “nothing.” ESO was very concerned with controlling inflation even back at launch, when the cost to repair a full set of armor would cost you almost 8k gold (compared to 1.5k gold now). Obviously they lowered the gold cost, but they set down the roots needed to prolong the gold value as long as possible.

1: armor repair costs
2: gold to teleport
3: house purchasing. Housing was fantastic for curbing inflation of “normal” goods since it “ate” millions upon millions of gold per rich player, as well as provide a rich elite economy for housing nuts. So now instead of the rich player with 20 million gold and nothing to spend it on driving up prices for mats or equipment, they are instead buying furniture.

Be grateful ESO has been reabsorbing the gold back into the game since day one, since doing it later on is next to impossible. ESO will eventually reach a point when the value of gold from a quest drop for a new player won’t buy a green upgrade mat, but at least that fate is slow.

A way to “delete” more in game gold from the rich would be to allow the exhange of gold for crown items. Now I’m talking EXTREME rates, so as not to bankrupt zos, like 1000 gold per crown or something utterly ridiculous. Unfortunately they allowed for crown gifting so this option wouldn’t be nearly as viable.

Zodiarkslayer · November 2020

ForzaRammer wrote: »

The mats price overall on has been going up since greymoor, with few exceptions.
This is crazy inflation and it should be alarming.

It is reasonable to think the increase of alloy price is because the reduced number of botters.
However, items like berverz juice and frost miriam was not supplied by botters.
Price increase of these items is an indication of over inflation.
The increased cost of guild trader is also an indication of too much gold is around.

Here are some ways to reduce the gold in market:
Get rid of the vendor treasure antique scry stuff.
Remove gold reward from quests and increase mat drop from writ.
At least one 100k lux vendor furnishing item every week.
Remove ap purchase option from golden, maybe lower the gold purchase price.
Make half the new houses purchasable with gold.

The thinking is wrong. ESOs Septims are not falling under the strict definition of "money". Scarcity and devisability in particular.

Therefore there can not be any inflation or deflation.

Sergykid · November 2020

everything you need can be procured by yourself. You don't need to ever buy materials (only if you want to skip the time to farm them, or don't bother deconstructing stuff from the content you do). It is indeed very much gold going around the server, just look at actually the CROWNS inflation. 500g per crown now, maybe 450 in some places. And the buyer to seller ratio is maybe 5:1
.

ForzaRammer · November 2020

Shootsfoot wrote: »

ForzaRammer wrote: »

Shootsfoot wrote: »

WrathOfInnos wrote: »

Browart wrote: »

Maybe stop thinking how to reduce others gold and try to think how to increase your earnings?

Because u cant afford something it doesnt mean everyone need to suffer. Kinda l2p issue

Um, that’s not how inflation works. Everyone’s savings is losing buying power, and you’re basically telling him to go print more money so he can afford the new higher prices.

It's not inflation. It's supply and demand.

Tell me how and why is the demand of frost mirriam going up so much?
And how and why is the supply of frost mirriam all the sudden gone?
I don't see it

Price for a single item in no way reflects inflation. And as I said, what is being asked in guild stores isn't necessarily what is being paid.

It’s not a single item, it’s going up across the board

ForzaRammer · November 2020

Sergykid wrote: »

everything you need can be procured by yourself. You don't need to ever buy materials (only if you want to skip the time to farm them, or don't bother deconstructing stuff from the content you do). It is indeed very much gold going around the server, just look at actually the CROWNS inflation. 500g per crown now, maybe 450 in some places. And the buyer to seller ratio is maybe 5:1
.

Good point

lucky_Sage · November 2020

Maybe prices are going up because the cost of traders have been going up for longer and guilds have to do this or they lose there trader

ForzaRammer · November 2020

Shootsfoot wrote: »

Recapitated wrote: »

Shootsfoot wrote: »

You (nor anybody outside of the developers) really don't have any idea what the M1 is in the game. You're making suppositions based on anecdotal evidence. It could be people were sitting on piles of gold in the first place and they're now shooting the locks off their wallets to try the new stuff.

I agree, we don't know. That's why I asked why you confidently asserted that:

Shootsfoot wrote: »

It's not inflation. It's supply and demand.

I haven't said anything either way, except (to spell it out) that ceteris paribus 100k in daily rewards causes prices to increase.

I'm going with what I see in guild stores. If it were truly inflation, low-level items would also reflect it, they're not. At least not what I can tell.

I'm just playing devil's advocate. It's all supposition on both sides, that's all.

What even is a low level item? The traffic for low level gear barely exist, how can it possibly be an indicator of the market, compare to things like heartwood mundane rune

Bucky_13 · November 2020

xAarionx wrote: »

This is because with the changes many people Are trying new gears and changing Builds
This makes the demand for mats rise, and, by effect, the prices are also going up. also, since a lot of people didn't knew what was coming with the updates, They started to hold up to their mats foreseeing the would need them, Reducing the supply and, by effect, raising the prices.

It's simple, really: Suplly and demmand law...

(I am one who is holding Up)

Pretty much this. Most of my income is from gold mats, we usually get higher prices when dlc hits, then it goes down. With the new system however, it was very obvious that there would be a high demand for gold and a few purple mats. I hoarded a bit of it so did other too considering how the prices barely dropped like they normally do.

I'm happy with it, but that's because I profit from it. I can understand why other don't like it, but it is indeed supply and demand going on on.

Meanwhile, some other things will most likely tank in prices due to the collection system.

Tabbycat · November 2020

I bet you could get rid of lots of gold if ZOS put up one of those overpriced crown store mansions on sale for an extreme amount of gold for one weekend out of the month.

Also, having more mounts for sale at the stable vendor would help.

ZOS could even consider creating a pet store vendor where people could purchase older retired crown store pets for obscene amounts of gold. People would buy them. Some people are completionists.

If you think it would cut into crown store sales... there are people who sell crowns for gold so I think ZOS would do just fine.

ForzaRammer · November 2020

Tabbycat wrote: »

I bet you could get rid of lots of gold if ZOS put up one of those overpriced crown store mansions on sale for an extreme amount of gold for one weekend out of the month.

Also, having more mounts for sale at the stable vendor would help.

ZOS could even consider creating a pet store vendor where people could purchase older retired crown store pets for obscene amounts of gold. People would buy them. Some people are completionists.

If you think it would cut into crown store sales... there are people who sell crowns for gold so I think ZOS would do just fine.

I am not sure about last part, but I agree, purchase house and mount with gold works.

Shootsfoot · November 2020

ForzaRammer wrote: »

Shootsfoot wrote: »

Recapitated wrote: »

Shootsfoot wrote: »

You (nor anybody outside of the developers) really don't have any idea what the M1 is in the game. You're making suppositions based on anecdotal evidence. It could be people were sitting on piles of gold in the first place and they're now shooting the locks off their wallets to try the new stuff.

I agree, we don't know. That's why I asked why you confidently asserted that:

Shootsfoot wrote: »

It's not inflation. It's supply and demand.

I haven't said anything either way, except (to spell it out) that ceteris paribus 100k in daily rewards causes prices to increase.

I'm going with what I see in guild stores. If it were truly inflation, low-level items would also reflect it, they're not. At least not what I can tell.

I'm just playing devil's advocate. It's all supposition on both sides, that's all.

What even is a low level item? The traffic for low level gear barely exist, how can it possibly be an indicator of the market, compare to things like heartwood mundane rune

You just defined supply and demand, my friend.

zaria · November 2020

JinMori wrote: »

I don't think it has to do with inflation to be honest.

Inflation happens when the government prints money but the services provided to not increase with the extra money that was put into the economy.

This basically means that people have more money, but there isn't enough supply to keep up with the demand because the increase in money was not due to the natural progress of society, and technology leading to more efficient methods of production that reduce costs and increase production making things less expensive. Therefore the prices must go up to avoid shortages, or even mass shortages. That is inflation.

I think this is just a case of either more people buying more stuff increasing the price of materials, or there are just less people farming stuff, id say the more likely option is that there are more people buying stuff, but it could also be a bit of both, less people farming the game, but more people buying stuff, or, the drops are lower than before.

The only way i can see inflation happening in a game is if zos suddenly decides to increase gold drops by like a thousand, which is basically what inflation is.

Unless, you meant it as, the price inflated meaning it increased, but didn't allude to inflation as a process.

Inflation in MMO is an common issue, it happens because you have an endless influx of gold from killing mobs and doing quests, unless its gold sinks eating the gold you will get rapid inflation.
Extra credit has an youtube video about this.
I suspect multi biding on guild traders was mostly to pull more gold from the economy.

However price jump now is because of the new sticker system making it easy to replicate gear so many want to gear up alts.
And because idiots are stupid, look at the price for briarheart items for an lol.

Recapitated · November 2020

Shootsfoot wrote: »

ForzaRammer wrote: »

Shootsfoot wrote: »

Recapitated wrote: »

Shootsfoot wrote: »

You (nor anybody outside of the developers) really don't have any idea what the M1 is in the game. You're making suppositions based on anecdotal evidence. It could be people were sitting on piles of gold in the first place and they're now shooting the locks off their wallets to try the new stuff.

I agree, we don't know. That's why I asked why you confidently asserted that:

Shootsfoot wrote: »

It's not inflation. It's supply and demand.

I haven't said anything either way, except (to spell it out) that ceteris paribus 100k in daily rewards causes prices to increase.

I'm going with what I see in guild stores. If it were truly inflation, low-level items would also reflect it, they're not. At least not what I can tell.

I'm just playing devil's advocate. It's all supposition on both sides, that's all.

What even is a low level item? The traffic for low level gear barely exist, how can it possibly be an indicator of the market, compare to things like heartwood mundane rune

You just defined supply and demand, my friend.

He's talking about the thickness of the market. Few sellers/buyers -> prices slower to reflect shifts. If there are practically no buyers or sellers as is the case for most <160 gear then prices don't reflect much at all.

AlnilamE · November 2020

kargen27 wrote: »

ForzaRammer wrote: »

Shootsfoot wrote: »

WrathOfInnos wrote: »

Browart wrote: »

Maybe stop thinking how to reduce others gold and try to think how to increase your earnings?

Because u cant afford something it doesnt mean everyone need to suffer. Kinda l2p issue

Um, that’s not how inflation works. Everyone’s savings is losing buying power, and you’re basically telling him to go print more money so he can afford the new higher prices.

It's not inflation. It's supply and demand.

Tell me how and why is the demand of frost mirriam going up so much?
And how and why is the supply of frost mirriam all the sudden gone?
I don't see it

We had an event that was giving bonus XP. That event gave players incentive to level characters they have been ignoring. Frost Mirriam and Bervez Juice are used to make Psijic Ambrosia that boosts XP so players get even more bang for their buck during the event. I would expect prices to go up right before and during any event that has an XP boost. After the event prices should taper back down.

Not to mention that one of the ways of leveling characters is to do provisioning master writs, which will use both of those items. And the Witches' Writs also used them in some recipes.

MercilessnVexed · November 2020

WrathOfInnos wrote: »

Browart wrote: »

Maybe stop thinking how to reduce others gold and try to think how to increase your earnings?

Because u cant afford something it doesnt mean everyone need to suffer. Kinda l2p issue

Um, that’s not how inflation works. Everyone’s savings is losing buying power, and you’re basically telling him to go print more money so he can afford the new higher prices.

"Print more money" is not what was said. "Get a job" is what was said. Basically, in this game, you best be part of a couple of good trader guilds if you want to make money. So quit complaining about things you cannot control and hop to it.

ForzaRammer · November 2020

Beastygrowls wrote: »

WrathOfInnos wrote: »

Browart wrote: »

Maybe stop thinking how to reduce others gold and try to think how to increase your earnings?

Because u cant afford something it doesnt mean everyone need to suffer. Kinda l2p issue

Um, that’s not how inflation works. Everyone’s savings is losing buying power, and you’re basically telling him to go print more money so he can afford the new higher prices.

"Print more money" is not what was said. "Get a job" is what was said. Basically, in this game, you best be part of a couple of good trader guilds if you want to make money. So quit complaining about things you cannot control and hop to it.

Why should people who hate hyper inflation quit complain about hyper inflation?
This exact issue is also in real life, just because you don't believe it is a problem, doesn't mean others should not bring it up.

ForzaRammer · November 2020

AlnilamE wrote: »

kargen27 wrote: »

ForzaRammer wrote: »

Shootsfoot wrote: »

WrathOfInnos wrote: »

Browart wrote: »

Maybe stop thinking how to reduce others gold and try to think how to increase your earnings?

Because u cant afford something it doesnt mean everyone need to suffer. Kinda l2p issue

Um, that’s not how inflation works. Everyone’s savings is losing buying power, and you’re basically telling him to go print more money so he can afford the new higher prices.

It's not inflation. It's supply and demand.

Tell me how and why is the demand of frost mirriam going up so much?
And how and why is the supply of frost mirriam all the sudden gone?
I don't see it

We had an event that was giving bonus XP. That event gave players incentive to level characters they have been ignoring. Frost Mirriam and Bervez Juice are used to make Psijic Ambrosia that boosts XP so players get even more bang for their buck during the event. I would expect prices to go up right before and during any event that has an XP boost. After the event prices should taper back down.

Not to mention that one of the ways of leveling characters is to do provisioning master writs, which will use both of those items. And the Witches' Writs also used them in some recipes.

Ok, what about mundane rune and decorative wax? Those more than doubled prices in last half a year.

In fact, better question to ask is, if all the price change is shifting supply and demand, what items are selling for less?

Nord_Raseri · November 2020

ForzaRammer wrote: »

AlnilamE wrote: »

kargen27 wrote: »

ForzaRammer wrote: »

Shootsfoot wrote: »

WrathOfInnos wrote: »

Browart wrote: »

Maybe stop thinking how to reduce others gold and try to think how to increase your earnings?

Because u cant afford something it doesnt mean everyone need to suffer. Kinda l2p issue

Um, that’s not how inflation works. Everyone’s savings is losing buying power, and you’re basically telling him to go print more money so he can afford the new higher prices.

It's not inflation. It's supply and demand.

Tell me how and why is the demand of frost mirriam going up so much?
And how and why is the supply of frost mirriam all the sudden gone?
I don't see it

We had an event that was giving bonus XP. That event gave players incentive to level characters they have been ignoring. Frost Mirriam and Bervez Juice are used to make Psijic Ambrosia that boosts XP so players get even more bang for their buck during the event. I would expect prices to go up right before and during any event that has an XP boost. After the event prices should taper back down.

Not to mention that one of the ways of leveling characters is to do provisioning master writs, which will use both of those items. And the Witches' Writs also used them in some recipes.

Ok, what about mundane rune and decorative wax? Those more than doubled prices in last half a year.

In fact, better question to ask is, if all the price change is shifting supply and demand, what items are selling for less?

On ps4, at least, people were making and selling solitude and vampire furniture like hot cakes added to all the people making their own to fill up 1-3 of the new houses. That's a lot of mundane, heartwood, and wax. Same thing happened last year, to a lesser extent.

kargen27 · November 2020

ForzaRammer wrote: »

AlnilamE wrote: »

kargen27 wrote: »

ForzaRammer wrote: »

Shootsfoot wrote: »

WrathOfInnos wrote: »

Browart wrote: »

Maybe stop thinking how to reduce others gold and try to think how to increase your earnings?

Because u cant afford something it doesnt mean everyone need to suffer. Kinda l2p issue

Um, that’s not how inflation works. Everyone’s savings is losing buying power, and you’re basically telling him to go print more money so he can afford the new higher prices.

It's not inflation. It's supply and demand.

Tell me how and why is the demand of frost mirriam going up so much?
And how and why is the supply of frost mirriam all the sudden gone?
I don't see it

We had an event that was giving bonus XP. That event gave players incentive to level characters they have been ignoring. Frost Mirriam and Bervez Juice are used to make Psijic Ambrosia that boosts XP so players get even more bang for their buck during the event. I would expect prices to go up right before and during any event that has an XP boost. After the event prices should taper back down.

Not to mention that one of the ways of leveling characters is to do provisioning master writs, which will use both of those items. And the Witches' Writs also used them in some recipes.

Ok, what about mundane rune and decorative wax? Those more than doubled prices in last half a year.

In fact, better question to ask is, if all the price change is shifting supply and demand, what items are selling for less?

That one is easy. Housing. New furniture recipes, new houses. I don't belong to a housing guild any longer but I still follow two on Discord. A lot of their members have been scrambling for crafting materials for a while now.

Motifs are selling for less. A lot less. That used to be my go to gold maker. Not so much now.

bellanca6561n · November 2020

KhajiitLivesMatter wrote: »

remove ap purchase option from golden is worst idea ever
its a special pvp trader which normaly should only accept ap but in no way only gold

Agreed. The gold vendor exists to serve PvP players who don't want to play PvE. It should be AP-only, in my view. But if the OP really feels there's too much gold in the game, you'd need gold drains. In that spirit, the gold prices for that vendor should increase, not decrease.

If you build crafting in the course of leveling your characters - not hard - and research traits on all your characters rather than vendoring or deconning everything - again, not difficult - and perform your dailies - takes roughly 3mins per character for all the crafts - you'll have tens of millions in gold in short order, and more gold mats than you'll ever need.

Downside is you'll have to spend time doing the surveys. It's not bad if you let them pile up a bit so that you'll hitting 5+ at each survey location. You'll also have to join a trade guild. Not bad if you don't join their discord

Well...unless you like shallow people

There are things I despise about this game at a near molecular level, but the economy is one of many things they got right, in my opinion.

Pauls · November 2020

Stay off my gold, I like it

ForzaRammer · November 2020

kargen27 wrote: »

ForzaRammer wrote: »

AlnilamE wrote: »

kargen27 wrote: »

ForzaRammer wrote: »

Shootsfoot wrote: »

WrathOfInnos wrote: »

Browart wrote: »

Maybe stop thinking how to reduce others gold and try to think how to increase your earnings?

Because u cant afford something it doesnt mean everyone need to suffer. Kinda l2p issue

Um, that’s not how inflation works. Everyone’s savings is losing buying power, and you’re basically telling him to go print more money so he can afford the new higher prices.

It's not inflation. It's supply and demand.

Tell me how and why is the demand of frost mirriam going up so much?
And how and why is the supply of frost mirriam all the sudden gone?
I don't see it

We had an event that was giving bonus XP. That event gave players incentive to level characters they have been ignoring. Frost Mirriam and Bervez Juice are used to make Psijic Ambrosia that boosts XP so players get even more bang for their buck during the event. I would expect prices to go up right before and during any event that has an XP boost. After the event prices should taper back down.

Not to mention that one of the ways of leveling characters is to do provisioning master writs, which will use both of those items. And the Witches' Writs also used them in some recipes.

Ok, what about mundane rune and decorative wax? Those more than doubled prices in last half a year.

In fact, better question to ask is, if all the price change is shifting supply and demand, what items are selling for less?

That one is easy. Housing. New furniture recipes, new houses. I don't belong to a housing guild any longer but I still follow two on Discord. A lot of their members have been scrambling for crafting materials for a while now.

Motifs are selling for less. A lot less. That used to be my go to gold maker. Not so much now.

It is not like people don't do housing before.

And I am not sure what motif are selling less, the ice reach unhollowed grave ones been stable for a month, things like fang lair is actually going up, the only ones falling is sea giant and new zone ones.

kargen27 · November 2020

ForzaRammer wrote: »

kargen27 wrote: »

ForzaRammer wrote: »

AlnilamE wrote: »

kargen27 wrote: »

ForzaRammer wrote: »

Shootsfoot wrote: »

WrathOfInnos wrote: »

Browart wrote: »

Maybe stop thinking how to reduce others gold and try to think how to increase your earnings?

Because u cant afford something it doesnt mean everyone need to suffer. Kinda l2p issue

Um, that’s not how inflation works. Everyone’s savings is losing buying power, and you’re basically telling him to go print more money so he can afford the new higher prices.

It's not inflation. It's supply and demand.

Tell me how and why is the demand of frost mirriam going up so much?
And how and why is the supply of frost mirriam all the sudden gone?
I don't see it

We had an event that was giving bonus XP. That event gave players incentive to level characters they have been ignoring. Frost Mirriam and Bervez Juice are used to make Psijic Ambrosia that boosts XP so players get even more bang for their buck during the event. I would expect prices to go up right before and during any event that has an XP boost. After the event prices should taper back down.

Not to mention that one of the ways of leveling characters is to do provisioning master writs, which will use both of those items. And the Witches' Writs also used them in some recipes.

Ok, what about mundane rune and decorative wax? Those more than doubled prices in last half a year.

In fact, better question to ask is, if all the price change is shifting supply and demand, what items are selling for less?

That one is easy. Housing. New furniture recipes, new houses. I don't belong to a housing guild any longer but I still follow two on Discord. A lot of their members have been scrambling for crafting materials for a while now.

Motifs are selling for less. A lot less. That used to be my go to gold maker. Not so much now.

It is not like people don't do housing before.

And I am not sure what motif are selling less, the ice reach unhollowed grave ones been stable for a month, things like fang lair is actually going up, the only ones falling is sea giant and new zone ones.

Sure they did housing before. I am telling you activity in the housing community really picked up. The Vampiric furniture caused a frenzy for a while that is only just beginning to taper down.
Yeah there are a few motifs that are staying stable. No the new ones are not the only ones falling in price. The ones that are going up in price are ones that are somewhat difficult to get and locked behind content that isn't getting run as regular as it once was.

The ESO economy is a very fluid and vital economy. There will always be fluctuation and that is good for the economy. There is nothing pointing to runaway inflation. There is reaction to new content and game dynamics.

Salvas_Aren · November 2020

ForzaRammer wrote: »

YandereGirlfriend wrote: »

It's due to the massive gear audit that happened with Greymoor and the last patch.

Popular gear sets were nerfed into Oblivion and obscure ones were buffed to Aetherius, it's resulted in huge swings in the meta (especially in PvP) that require players to gold out many new sets of gear.

Six months ago gold materials were cratering and now they are booming. My personal niche is Chromium and six months back I stopped selling them altogether as prices had dropped to a measly 70k. Now they're back up and it's actually worth selling them again.

That explains alloy and wax price, but it does not explain frost mirriam and berverz juice price, which is the concerning part

provisioning writs are the cheapest to do, so all people do them for more vouchers for new attunables, isnt that obvious?

DrSlaughtr · November 2020

This is the drawback of a fractured market rather than a global market. There is no incentive to undercut prices which would force people overcharging to lower theirs because, at least on XB, the largest trading guilds which control the most popular trading guilds (Mournhold, Elden Root, Belkarth, etc) have multiple versions of those guilds and they eat up all the prime realistic. Even worse, the big trading guilds work together to control the marketplace prices. Sure, you could swing around the map going to lesser used locations but most often they mirror the prices or are close enough because, again, there is no incentive to undercut. If someone goes to Shadowfen to check prices after going to five other zones, they're probably just going to buy what's available. Every now and then you'll find a piece of gear for a little cheaper, but mats are almost always priced to mirror the big boys.

ForzaRammer · November 2020

kargen27 wrote: »

ForzaRammer wrote: »

Shootsfoot wrote: »

WrathOfInnos wrote: »

Browart wrote: »

Maybe stop thinking how to reduce others gold and try to think how to increase your earnings?

Because u cant afford something it doesnt mean everyone need to suffer. Kinda l2p issue

Um, that’s not how inflation works. Everyone’s savings is losing buying power, and you’re basically telling him to go print more money so he can afford the new higher prices.

It's not inflation. It's supply and demand.

Tell me how and why is the demand of frost mirriam going up so much?
And how and why is the supply of frost mirriam all the sudden gone?
I don't see it

We had an event that was giving bonus XP. That event gave players incentive to level characters they have been ignoring. Frost Mirriam and Bervez Juice are used to make Psijic Ambrosia that boosts XP so players get even more bang for their buck during the event. I would expect prices to go up right before and during any event that has an XP boost. After the event prices should taper back down.

It has been weeks after the last double xp event, price of these items have no dropped 1 bit, what you have to say now?

oregonrob · November 2020

For those who state that inflation is made worse by government intervention or in this case Zenimax, in Econ 1 you learn that the one of the prime reasons for the existence of the Federal Reserve is to keep a handle on inflation. Inflation hurts those who have the most assets and the Fed protects those assets. In the current situation, this is not inflation as much as demand is exceeding supply. We see that during events where for a few days some items that come from the event boxes shoot up in price but by the end of the event, the prices are fraction of what they were in the beginning. What is happening now is the same thing.

JKorr · November 2020

ForzaRammer wrote: »

AlnilamE wrote: »

kargen27 wrote: »

ForzaRammer wrote: »

Shootsfoot wrote: »

WrathOfInnos wrote: »

Browart wrote: »

Maybe stop thinking how to reduce others gold and try to think how to increase your earnings?

Because u cant afford something it doesnt mean everyone need to suffer. Kinda l2p issue

Um, that’s not how inflation works. Everyone’s savings is losing buying power, and you’re basically telling him to go print more money so he can afford the new higher prices.

It's not inflation. It's supply and demand.

Tell me how and why is the demand of frost mirriam going up so much?
And how and why is the supply of frost mirriam all the sudden gone?
I don't see it

We had an event that was giving bonus XP. That event gave players incentive to level characters they have been ignoring. Frost Mirriam and Bervez Juice are used to make Psijic Ambrosia that boosts XP so players get even more bang for their buck during the event. I would expect prices to go up right before and during any event that has an XP boost. After the event prices should taper back down.

Not to mention that one of the ways of leveling characters is to do provisioning master writs, which will use both of those items. And the Witches' Writs also used them in some recipes.

Ok, what about mundane rune and decorative wax? Those more than doubled prices in last half a year.

In fact, better question to ask is, if all the price change is shifting supply and demand, what items are selling for less?

People are crafting furnishings; more furnishings, more demand for the materials.

People doing trials/pvp/"end game" content seem to use a lot of the recipes that require frost merriam and bervez juice, like double bloody mara and pack leader's bone broth. More demand for mats you only get from hirelings or writ rewards and the price isn't going to go down. Not to mention if you're making blue provisioning furnishing designs, you need bervez and frost merriam for them.

ForzaRammer · December 2020

Event over, demand decreased, price not dropping back.