EU Trade Needs Inflation

kargen27 · August 2023

Napalm_Death32 wrote: »

All of you are incorrect, all i said was to have the EU economy like NA, where traders/sellers can earn more gold, currently on EU its difficult to earn gold, items is practically sold at twice the amount on NA than EU, meaning traders make less money. if it was on par with NA, players wouldn't use their NA account as an trading acount

This makes no sense. EU and NA are separate so there would be no point in making the NA server your trading account. The gold would stay there. If you want gold on the EU server you gotta earn it on the EU server.

I'm not sure what would cause a big difference on EU and NA servers for the same platform. Might be a difference in game play or player population? If there is an income disparity in the markets increasing the prices in EU would mean less players willing or able to purchase. That would lead to supply outweighing demand bringing the prices back down again.

Both servers play by the same rules. Any differences in the economy are not because of the game but the players behaviors on those servers.

SeaGtGruff · August 2023

Prices on PC NA are grossly over-inflated. I refuse to pay the ridiculously high prices that most sellers demand, so if I can't find the item I'm looking for at a reasonable price, I just don't buy it at all. The whole guild trader system can crash and burn for all I care, if it's just going to be abused by greedy and manipulative traders who want to buy up anything priced low just so they can turn around and resell it at a higher price.

Northwold · August 2023

Napalm_Death32 wrote: »

Northwold wrote: »

Why on earth would it matter? If the prices of the things you are buying are in line with the prevailing value of gold itself on the server in question, it makes no difference. That's all inflation is -- the dilution of the real value of money.

The only way I could imagine this making any difference is if you are trying to sell gold itself.

You're a reddit user, aren't you?

I don't know what that means but, again, I'm really not following what you think inflation achieves. Someone else mentioned housing. But the worthwhile houses are rarely available for gold anyway.

Please can you explain why you want more gold in terms of the number of units of gold when prices of the things you buy have gone up to match? The EU and NA servers are not linked, including, as far as I'm aware, in the crown store. You cannot move gold between them in any form. So either there is some misunderstanding here; some impact in the real, non-server world that i'm struggling to grasp; or there is simply no practical reason why it would matter whether the number of units of gold you get for the same item on EU and NA servers differs. They're effectively different currencies, like dollars and Euros.

TaSheen · August 2023

Well, you CAN move gold between them, if you have a friend on the server you need gold on. I've helped out people myself - they need gold on one server, I have gold there, they have gold on the other server and we exchange around.

Now, the amounts exchanged by me and friends haven't been huge so didn't really cause any problem. But if someone's wanting to move 250 million from PC NA to PC EU.... well, that might be an issue.

kargen27 · August 2023

TaSheen wrote: »

Well, you CAN move gold between them, if you have a friend on the server you need gold on. I've helped out people myself - they need gold on one server, I have gold there, they have gold on the other server and we exchange around.

Now, the amounts exchanged by me and friends haven't been huge so didn't really cause any problem. But if someone's wanting to move 250 million from PC NA to PC EU.... well, that might be an issue.

Not really moving gold but redistributing it on the server where the gold exists. Both servers would still have the same amount of gold.

Farin_nith · August 2023

Anumaril wrote: »

We already have a lot of inflation to be perfectly honest. Crowns used to be sold 1:300 only a couple years ago, but now the norm is 1:2000. Prices have steadily risen, yet (at least for me) gold income has not.

I get the same amount of gold on a usual basis as I ever did before. I'm guessing it's just the guild traders that are making millions of gold, pushing up the prices and leaving the rest of us in the dust.

So based on my experience, no, we don't need more inflation on the EU server.

1:200 for crown selling??

What system and server do you play on because NAPS is 1:100 crowns.

CrashTest · August 2023

PC EU is so low pop compared to NA. If you want prices to go up on PC EU then get more players there. There's no point in raising prices to match PC NA if no one is buying what you're selling.

Beilin_Balreis_Colcan · August 2023

ghost_bg_ESO wrote: »

probably unpopular opinion, but

PC servers need denomination - ZOS should cut everyone's gold by last 3 zeros and in best case to hand out some crown item depending on gold...

(don't worry. won't happen, as uproar will be worst than awa and u35, but this way actually will return some value to earning gold by questing)

How would players then be able to buy the items that currently cost only 10s or 100s of gold? That change would make 10 gold worth 1/100th gold.

disintegr8 · August 2023

Napalm_Death32 wrote: »

Hi, so as we all know, we earn more gold on NA than EU and frankly to be on equal terms, EU server needs an inflation so we can earn more gold

I have NA and EU accounts on PS4 and it would seem that EU marketplace is not as strongly contested as on NA. Expecting ESO to artificially inflate prices on EU to get sellers better returns is just rubbish.

The markets are based on supply and demand, if the demand isn't there and supply is high, prices stay low, if the supply is low and demand is high, prices will rise. You can't compare the markets if these factors are different.

I'm not in any trading guilds on EU and never have been, yet with only three characters, I still have over a million gold. Gold can easily be made outside of trading.

Kappachi · August 2023

Anumaril wrote: »

We already have a lot of inflation to be perfectly honest. Crowns used to be sold 1:300 only a couple years ago, but now the norm is 1:2000. Prices have steadily risen, yet (at least for me) gold income has not.

I get the same amount of gold on a usual basis as I ever did before. I'm guessing it's just the guild traders that are making millions of gold, pushing up the prices and leaving the rest of us in the dust.

So based on my experience, no, we don't need more inflation on the EU server.

Wow, how is it that bad on EU? On NA it's 1:1000, anyone asking for more will be ignored by the zone chat in most cases. Since more gold is made in PC NA, how did PC EU fall so far with crown prices being so big while also not earning enough to buy crowns, or is there just not enough people paying for ESO+ to sustain the economy?

rpa · August 2023

Prices dropping and value of money increasing is called deflation. And it is indication of economy in trouble. Mass unemployment and business crashing style trouble IRL.

cyberjanet · August 2023

Napalm_Death32 wrote: »

Snamyap wrote: »

Napalm_Death32 wrote: »

so as we all know

I have no idea what you are talking about or what you mean. Are items on EU traders more expensive than on US traders?

No, its more difficult to earn gold via trading on Eu vs NA. on NA items are more expensive so traders can earn more gold

There's a reason I don't shop on NA.
Just saying.

Foxhearted · August 2023

as someone that almost exclusively sells, I agree

notyuu · August 2023

ITT: OP wants to make it harder for the adverage player to buy things.

Ya gotta relise the adverage player isn't that rich, so cranking up inflation would just make it harder for them to buy things, thus you would have fewer sales overall and end up making roughly the same amount of money as before the inflation, with the only difference being that the adverage player is now worse off.

zaria · August 2023

rpa wrote: »

Prices dropping and value of money increasing is called deflation. And it is indication of economy in trouble. Mass unemployment and business crashing style trouble IRL.

Prices is increasing, this is because more gold go into the economy than out, this is common in MMO.
All the gold you get from selling loot or from quest rewards is added to the game.
Yes its gold sinks but its fewer than income.

You are correct that an lack of gold would be worse.

Zodiarkslayer · August 2023

disintegr8 wrote: »

The markets are based on supply and demand, if the demand isn't there and supply is high, prices stay low, if the supply is low and demand is high, prices will rise. You can't compare the markets if these factors are different.

That is true in general. And for the console markets one can actually observe this in action. On both PC EU and NA we have several influencing factors that dilute the effects of supply and demand on prices.

The total mass of players and thus the amount of items that are sourced.
The organisational level of trade guilds, that can efficiently leverage prime trade spots.
Trading addons, that can be used to artificially keep prices up.

Just a quick example from memory. I use TTC and they have a new update, that (FINALLY) shows the average of the completed sales and not just the average of the listed prices. Now you can compare how much overpriced highly sought after items are.
If I recall correctly, the infused Ice Staff of Powerful Assault was priced for nearly a year around 4mil gold. Yet now we can see that the average sales are actually at 1.5mil to 2mil gold. And if you look around further, you can see that it is the case for a lot more items.

Napalm_Death32 · August 2023

Kappachi wrote: »

Anumaril wrote: »

We already have a lot of inflation to be perfectly honest. Crowns used to be sold 1:300 only a couple years ago, but now the norm is 1:2000. Prices have steadily risen, yet (at least for me) gold income has not.

I get the same amount of gold on a usual basis as I ever did before. I'm guessing it's just the guild traders that are making millions of gold, pushing up the prices and leaving the rest of us in the dust.

So based on my experience, no, we don't need more inflation on the EU server.

Wow, how is it that bad on EU? On NA it's 1:1000, anyone asking for more will be ignored by the zone chat in most cases. Since more gold is made in PC NA, how did PC EU fall so far with crown prices being so big while also not earning enough to buy crowns, or is there just not enough people paying for ESO+ to sustain the economy?

i think so, i just wish we earn more gold on EU

Tra_Lalan · August 2023

I really don't see any logic in that idea.

1. PC EU and PC NA are separate, there is no reason to make their prices equal.

2. With a biger inflation you would make more gold but also have to spend more gold on everything, so what is the point?
You just want to type the numbers longer while withdrawing and depositing gold to your bank?

3. How does one apply more inflation? And only to one of the games' servers

?

4. Inflation isn't a good thing.

5. TBH You do earn "more gold" on PC EU than on PC NA.
Meaning You can afford more for the same amount of gold on PC EU than PC NA. And because some of your income is equal on both platforms (gold you get for quests, selling items to npcs etc), you are wealthier when the prices in guild traders are lower.

Napalm_Death32 · August 2023

Tra_Lalan wrote: »

I really don't see any logic in that idea.

1. PC EU and PC NA are separate, there is no reason to make their prices equal.

2. With a biger inflation you would make more gold but also have to spend more gold on everything, so what is the point?
You just want to type the numbers longer while withdrawing and depositing gold to your bank?

3. How does one apply more inflation? And only to one of the games' servers ?

4. Inflation isn't a good thing.

5. TBH You do earn "more gold" on PC EU than on PC NA.
Meaning You can afford more for the same amount of gold on PC EU than PC NA. And because some of your income is equal on both platforms (gold you get for quests, selling items to npcs etc), you are wealthier when the prices in guild traders are lower.

[Snip] you're the only person that views that eu earns more than na vs actual community of players having a different view

[Edited for bait]

zaria · August 2023

Napalm_Death32 wrote: »

Tra_Lalan wrote: »

I really don't see any logic in that idea.

1. PC EU and PC NA are separate, there is no reason to make their prices equal.

2. With a biger inflation you would make more gold but also have to spend more gold on everything, so what is the point?
You just want to type the numbers longer while withdrawing and depositing gold to your bank?

3. How does one apply more inflation? And only to one of the games' servers ?

4. Inflation isn't a good thing.

5. TBH You do earn "more gold" on PC EU than on PC NA.
Meaning You can afford more for the same amount of gold on PC EU than PC NA. And because some of your income is equal on both platforms (gold you get for quests, selling items to npcs etc), you are wealthier when the prices in guild traders are lower.

[Snip]. you're the only person that views that eu earns more than na vs actual community of players having a different view

How will this help in any way. Yes you get more gold selling stuff but everything in guild stores would be more expensive.
It would hurt players who don't are sell lots of stuff in guild stores most but would not benefit players who trade a lot much.
Only winners is players with lots of materials in the crafting bag as it would become more valuable.

[Edited quote]

Ingenon · August 2023

Napalm_Death32 wrote: »

[Snip]. you're the only person that views that eu earns more than na vs actual community of players having a different view

[Snip]. The average player is not a member of a large trading guild. The average player makes much of their gold by doing stuff like dailies. Which pay the same gold on every server per daily. If they play on PC/EU, stuff is cheaper on guild traders than on PC/NA. So when they are done earning gold from dailies and spending gold in traders, they have more gold left if they play on PC/EU.

Lots of people do not want high prices on the server that they play on. I get that it benefits a small number of players who are members of the large trading guilds. But everyone else on the server pays more for what they buy, while their income doesn't change.

[Edited quote and for removed content]

Ingenon · August 2023

Napalm_Death32 wrote: »

Ingenon wrote: »

Napalm_Death32 wrote: »

[Snip]. you're the only person that views that eu earns more than na vs actual community of players having a different view

[Snip]. The average player is not a member of a large trading guild. The average player makes much of their gold by doing stuff like dailies. Which pay the same gold on every server per daily. If they play on PC/EU, stuff is cheaper on guild traders than on PC/NA. So when they are done earning gold from dailies and spending gold in traders, they have more gold left if they play on PC/EU.

Lots of people do not want high prices on the server that they play on. I get that it benefits a small number of players who are members of the large trading guilds. But everyone else on the server pays more for what they buy, while their income doesn't change.

[Snip]

[Snip]

I understand you want to make more gold by selling for higher prices. Every transaction has a buyer and a seller. The seller wants to sell for more, while the buyer wants to buy for less. You cannot get what you want without someone else not getting what they want.

It's really simple - for every seller that wants to sell for more, there is a buyer that wants to buy for less. Many of us do not want what you are proposing (higher prices on the guild traders).

[Edited quote and removed content]

Zodiarkslayer · August 2023

Napalm_Death32 wrote: »

[Snip]

Sheesh...
Inflation devalues currency. Understand that.

Currency is a transfer medium and has no inherent value whatsoever. All value comes from the promise that you can change it into goods and all the other fancy stuff that holds actual value and doesn't loose it over time.

One million on PC EU buys me 4 chromium platings.
One million gold on PC NA buys me only 2 chromium platings, because I would need at least 800k more gold to buy the third and fourth.
And that is if I am lucky and get the good prices. In both cases to be fair.
Average is 470k to 500k per plating on NA, while EU average is around 270k per plating. I just checked.

So, in conclusion, 1mil on EU is worth more than 1mil on NA.

[Snip]

[Edited quote and for minor bait]

Northwold · August 2023

Sorry but after repeated requests by multiple posters, the OP has still not said *why* they want more gold?

Without that explanation, it plain doesn't make sense because, as many people have pointed out, simply getting more gold (in number) means the gold will be *worth less*. Prices will go up to match

Inflation means that the *value* of the gold you hold will end up more or less identical, whether it's 100,000 or 100,000,000. This is why countries with high inflation periodically rebase their currencies to chop off some pointless zeros.

Mesite · August 2023

I play for fun. I would like to buy a large house but I put my jewellery I earn at dolmens up for sale at random amounts. I think probably someone buys them and puts them up for sale at a higher price but to be honest I just want rid so I can use my inventory.

You've made me think. I might go and check to see what people are selling them for at the traders.

Amottica · August 2023

XSTRONG wrote: »

Eso needs more Gold sink holes in my opinion, but thats probably a bit hard since 100k is much on pseu but a drop in the ocean on other servers.

Also many players have been hoarding gold and others struggle to buy 1 chrom plating

Gold sinks in every MMORPG I have played have been pointless. Those that are active in the game and are careful with what they spend do tend to have more gold. Those who spend it and/or do not spend as much time in game will have less.

Myself. I farm much of what I need which means I have plenty of gold to buy what I do not want to farm. It is all choices and at the end of the day the market is set by a balance between those who farm and those buy.

ArchMikem · August 2023

You realize I've been playing for 8 years and I only have 2mil in the bank?

Jhava · August 2023

What the OP is talking about.

https://forums.elderscrollsonline.com/en/discussion/641227/differences-in-gold-between-pc-servers

kargen27 · August 2023

Jhava wrote: »

What the OP is talking about.

https://forums.elderscrollsonline.com/en/discussion/641227/differences-in-gold-between-pc-servers

That thread starts off with a false premise:

"Why is there such a major difference between gold earnings between the servers, from traders & crown sales?
For example, using TCC website/ingame/ a stack of 200x iron ingots, For both, i'm using the average price
NA: 24.81 Gold
EU: 14.15 Gold

There's a major difference, it also mans EU players earns far less gold while its easier to earn plenty of gold on NA"

Earning gold on either server is the same as far as game mechanics go. We get the same amount on each server for doing writs and all that fun stuff. The differences come down to player behavior and player numbers. I don't think there is a problem at all but if there is the problem isn't game related but player created.
We shouldn't be comparing the two economies. If we must compare then you have to consider buying power of gold for in game items. Buying homes and items from vendors would be about the only place where there is a difference in buying power.

Amottica · August 2023

kargen27 wrote: »

Jhava wrote: »

What the OP is talking about.

https://forums.elderscrollsonline.com/en/discussion/641227/differences-in-gold-between-pc-servers

That thread starts off with a false premise:

"Why is there such a major difference between gold earnings between the servers, from traders & crown sales?
For example, using TCC website/ingame/ a stack of 200x iron ingots, For both, i'm using the average price
NA: 24.81 Gold
EU: 14.15 Gold

There's a major difference, it also mans EU players earns far less gold while its easier to earn plenty of gold on NA"

Earning gold on either server is the same as far as game mechanics go. We get the same amount on each server for doing writs and all that fun stuff. The differences come down to player behavior and player numbers. I don't think there is a problem at all but if there is the problem isn't game related but player created.
We shouldn't be comparing the two economies. If we must compare then you have to consider buying power of gold for in game items. Buying homes and items from vendors would be about the only place where there is a difference in buying power.

Yes, it is the same mechanic on all servers that determines what items sell for. It is called supply and demand. However, the dynamics of each server are unique which leads to some servers having more farmers than those who buy and other servers less farmers than those who buy. That leads to one server having lower prices than the other server.

It is simple economics that does apply to the game's player-to-player economy.