Post by Zoraya Magic on Nov 16, 2020 13:44:45 GMT -8
Hello Pre lovers,
to all of you, who might be interested in economics and market pricing, I have the following question (to which I do not know the answer yet):
Where does all the money (gold) , which is created by selling the "worthless" items to the merchant, end up?
After a while of grinding and collecting gold, people usually try to convert their money into Black Dyes (BD). But that does not make the gold disappear, now only someone else has the money in its inventory. As there is a constant increase in pre-money-creation by hunting and selling the loot afterwards, the amount of money in circulation consistently increases. So what happens with it?
There does not exist a real money sink in pre, as you cannot buy really expensive things from the merchants. Even buying identification and salvage kits does not ease the money increase, quite the contrary it seems to worsen the situation, as you normally end up with more valuable items or convert them into an amount of material, which is more worth than you spent into buying the tool.
As it is common sense, that pre money is worth more than post money (with an exchange rate around 5 or 6 to 1 these days), no one would consider to mule money from pre to post a reasonable thing to do. So one might think, ok, no big deal, then I just keep it in my inventory. But the size of the money inventory is limited to 100k per character. And this limit is reached faster than you think.
So the interesting question remains: where does all the money in pre go?
I am looking forward to an interesting discussion.
I can't say any of these things definitively but i'll take a crack at it.
Lets assume the average price of an item sold to a merchant is about 30g, plenty are lower than that especially things like low tier, unidentified white weapons and armor , and many people pick up everything they find. But I'd say 25-35 is your range.
1. To Post! Like you said, to us its common sense pre money is worth more than post money. While that may be true, lots of people don't affiliate themselves with pre at all. Maybe they get to level 5 or 10 or even blow through LDoA as fast as possible and don't care about pre. They go post with likely 1-50k gold (maybe they've found 1-3BD in their grind which they've sold. They either don't realize its worth more, or they don't know or trust players to trade to post with. A guaranteed 20k is better than a potential 0 gold. Also in small numbers, it can be hard to find a buyer. 15-30k might not seem like a ton but we're talking 500-1k merchanted drops. I'd guess something like this happens more than once per day, with people still making new prophecies characters.
2. Character Buildup! Lots of people own multiple accounts. Personally (across 2 accounts) I have a total of 9 pre searing toons, or a potential 900k storage, or 30k merchanted drops, and some people have far more accounts and toons in pre than I do, and it raises the potential to hold. It chills on there for a long time until someone may need it. Similar to this, there are likely tens or hundreds of millions of plat on old/unused accounts.
3. RMT! This one is similar to the one above. I think that while it doesn't necessarily 'remove' money from pre, it does its part into gathering a ton of gold and seemingly remove it from the game for long spans of time until its sold. But these people have dozens of accounts with hundreds of characters all with potentially max cash.
4. ID Kits! I know this is a small one, but it builds up. If we say every item is 30g, its a little over 3 item's worth. Granted, I'm not saying you ID every item. So i'll estimate about 10% of all gold ends up back to Sanura! More than you'd think.
Post by ishalldefend on Nov 18, 2020 15:39:13 GMT -8
This is a very interesting thing to consider. It must go somewhere, but where such a large volume of gold could reasonably go I can't begin to imagine. Like you say, the outlets we've listed here don't seem sufficient to absorb it. Is there perhaps another obvious sink that we're not considering?
Economy of pre turns around drops in general (purples, mods, runes, kits, pcons, black dyes etc) farmed by temporary pre players and perma pre players but sold to perma pre players only. In pre we sometimes forget that we play in a tutorial and we cannot picture the turnover of players creating a new toon in prophecies and how much these “new players” contribute to the economy. As the biggest gold generator: purple weapons. (If you ask me I have billions of gold sitting in there lol). A lot of players are here for a short time and sell their popular purple drops unid 500g-1k or for more if it’s decent. Whoever stays in pre needs some good purple stuff so pre players invest money in purples while temporary players don’t really care. If it’s an unid sold for 1k from a temporary pre player to a perma pre seeking the holy grail and turns out it’s crap which happens 99% of the time then it’s merch for xxg and money will be gone from pre as the temporary player will not be looking to buy anything here with his cash as there is no interest. Just have a think whoever here bought unids in big quantities how much pure gold have you wasted. I once bought a real goodie for 50 blacks to a dude that didn’t give a fuck and left pre just after with the 50 blacks on him (ok that’s called being stupid) but many players never cared and can’t be bothered with changing money from pre to post. So these temporary pre players are always leaving pre to go post with an amount of gold up to 100k and let’s remember there is more people leaving pre than people staying. If we think back in the days: again exact same thing but even more with title points as many more players in pre were seeking r2 and it was more expensive, a lot of temporary pre players were selling to whoever was buying in town and then go post with the cash. At the end it all go post, Sir Tydus is the black hole of our economy there is no escape
Post by Zoraya Magic on Nov 22, 2020 1:35:06 GMT -8
Thank you guys for your answers. After reading your arguments, I am convinced now, that it is Sir Tydus, who "takes" all the gold.
For every player not pre-bound, it is logical to take all of his/her money to post. It also makes sense, that he/she sells all BD and charr kits for cash, before leaving pre. Imo that is the only reasonable explanation.