Game Economy and the gil redenomination

[Zantetsuken]

I have some suggestions for those of you who are panicking about imagined prices of items in the ARR:

• Buy everything you want NOW. Prices are currently stable and the markets aren't moving much, so you should be able to get good deals.
  
• Craft/farm items in ARR. Sell them for the crazy over-inflated prices. Get rich.
  
• Buy loads of stuff that you think will sell well after ARR, and then sell it for the inflated prices!

If you are so sure that the relative purchasing power of the gil will decline / prices will rise, why not just convert your gil to ITEMS before it happens???

[CrystalWeapon]

I have some suggestions for those of you who are panicking about imagined prices of items in the ARR:

• Buy everything you want NOW. Prices are currently stable and the markets aren't moving much, so you should be able to get good deals.
  
• Craft/farm items and sell them for the crazy over-inflated prices you imagine them to be once ARR hits, and then you'll be rich.
  
• Buy loads of stuff that you think will sell well after ARR, and then sell it for the inflated prices!

If you are so sure that the relative purchasing power of the gil will decline / prices will rise, why not just convert your gil to ITEMS before it happens???

It's going to be funny if loads of people are doing this. The market is going to get flooded with items when the game comes back and prices are going to crash.

[Molly_Millions]

I have some suggestions for those of you who are panicking about imagined prices of items in the ARR:

• Buy everything you want NOW. Prices are currently stable and the markets aren't moving much, so you should be able to get good deals.
  
• Craft/farm items in ARR. Sell them for the crazy over-inflated prices. Get rich.
  
• Buy loads of stuff that you think will sell well after ARR, and then sell it for the inflated prices!

If you are so sure that the relative purchasing power of the gil will decline / prices will rise, why not just convert your gil to ITEMS before it happens???

This is a very risky strategy that could pay off extremely well, or fail miserably. It's actually one that I personally am banking on.

[Zantetsuken]

This is a very risky strategy that could pay off extremely well, or fail miserably. It's actually one that I personally am banking on.

I tried this with Gold Ore when they first revamped the recipes... I purchased as much as I could with the anticipation that they would introduce new Gold recipes in the future

They did, but the selling price dropped almost immediately due to a the markets being flooded by vast amounts of mining. As it turns out I couldn't sell it for half of what I bought it for, and ended up giving it all away to a friend.

You win some, you lose some, LOL.

[Alhanelem]

How smart people should act:

Fixed that for you.

How SE is afraid you will act:


Hmmm... I wonder why

Why? Because people are stupid and panic over nothing.

The safest course of action is to do nothing and act normal. the odds of drastic differences are low. Prices will only go up if demand shifts due to different items becoming more/less desireable than they are now. The one thing that will change is arrows which are disappearing- so the consumables market will shift in some way.

buy up items now and you might win, but it also might backfire- you can be some other people will succumb to paranoia as well and do the same thing, so anything could happen- just like a normal economy. It's best not to F around with it most of the time.

[Zantetsuken]

buy up items now and you might win, but it also might backfire- you can be some other people will succumb to paranoia as well and do the same thing, so anything could happen- just like a normal economy. It's best not to F around with it most of the time.

True.

But when people freak out about the gil change - I think they should put their money where their mouth is~

That is, if they are so sure that relative prices will go up.

Of course, if you think relaitve prices will drop (and/or items become easier to get), then its best to sell as much as you can now and stock up on gil.

[Molly_Millions]

I tried this with Gold Ore when they first revamped the recipes... I purchased as much as I could with the anticipation that they would introduce new Gold recipes in the future

They did, but the selling price dropped almost immediately due to a the markets being flooded by vast amounts of mining. As it turns out I couldn't sell it for half of what I bought it for, and ended up giving it all away to a friend.

You win some, you lose some, LOL.

I think if you are doing this with mats, it carries even more risk due to the gathering changes.

[Azurymber]

Except all items with short supply and high demand will continue to have exorbitantly high prices, and only get worse for the fact that they will still want to feel like they got 'a couple mil' off the item. And people WILL end up paying it, because they wont have any damn choice.

Prime example while we're comparing real life to video games... Gas... Gas is preposterously overpriced, but guess what? Nobody is 'not buying it'. And the price can and will CONTINUE to rise...and people will continue to buy it. They'll bitch and moan, and the seller will just laugh and reap huge profits 'cause there isn't anything the buyer can really do besides boycott, which they ultimately wont do enough of in unison to have any meaningful impact.

I don't think you understand economics. Gas is not overpriced. It is priced at a competitive rate.
And if people try to sell things that are overpriced in games, even if they are rare, no one will buy them
If people are willing to buy them, then they aren't overpriced.

If you will pay me $5000 for water that i can get for a $1 that means that if water was sold for $5000 you would consider it fair. If it was sold for $4000 you would get a consumer surplus of $1000 (meaning you are paying less than what your willing to pay)
If other people can't afford it or wouldn't pay more than $3000 for it, they won't buy it, or will buy alternatives.
If they have to buy it to survive, then they will be happy to pay $5000 for it, if that is the cheapest they can get it for.

[ShinigamiKayla]

the economy is all knowing and powerful we should fear and worship it o___o SPARE ME ECONOMY SPPPPPARRREEE MEEE FOR I AM YOUR LOYAL FOLLOWER!~

[NefGP]

Except all items with short supply and high demand will continue to have exorbitantly high prices, and only get worse for the fact that they will still want to feel like they got 'a couple mil' off the item. And people WILL end up paying it, because they wont have any damn choice.

Prime example while we're comparing real life to video games... Gas... Gas is preposterously overpriced, but guess what? Nobody is 'not buying it'. And the price can and will CONTINUE to rise...and people will continue to buy it. They'll bitch and moan, and the seller will just laugh and reap huge profits 'cause there isn't anything the buyer can really do besides boycott, which they ultimately wont do enough of in unison to have any meaningful impact.

Or you know, you can get a Hybrid/EV :P

I don't think you understand economics. Gas is not overpriced. It is priced at a competitive rate.
And if people try to sell things that are overpriced in games, even if they are rare, no one will buy them
If people are willing to buy them, then they aren't overpriced.

If you will pay me $5000 for water that i can get for a $1 that means that if water was sold for $5000 you would consider it fair. If it was sold for $4000 you would get a consumer surplus of $1000 (meaning you are paying less than what your willing to pay)
If other people can't afford it or wouldn't pay more than $3000 for it, they won't buy it, or will buy alternatives.
If they have to buy it to survive, then they will be happy to pay $5000 for it, if that is the cheapest they can get it for.

Gas *is* over priced. OPEC basically does whatever they want, while lobbyists fight any efforts to develop alternatives as the new norm on behalf of companies like BP & Exon.