Guild Wars 2

Imagine that you found a great farming spot producing tier Z material X, so good that it out perform anything else in the game. You start farming it and earn more gold that you know what to do with. However, random ppl who saw you farming there follows and the secret is soon out. Material X start flooding into the market and you find your profits diminished. Sadly the law of supply and demand had came into play. Over time, the price of material X drop so much that you abandon your farming spot and go back to farming CoF path 1…

-The End-

Wait… why CoF path 1. What make the farming of gold so special that it seems to defy the laws of supply and demand? You can farm more, and More, and MOAR gold and its value never seems to drop?

I think its safe to say that gw2 have not experienced significant inflation since the game matures. That is indeed a good thing in general. Imagine if the prices on the tp are doubling every month, that will make planning and saving up for big purchases very difficult. You will have to convert your gold into materials asap and only do the reverse when you absolutely need to buy something. Buying and selling would become very difficult.

So.. unlike normal materials, gold is special, its a medium of exchange, everything ties into it, is valued by it. And most importantly, ArenaNet have a very vested interest to keep its value stable. A stable economy avoid the problem listed above, and keep players happy (mostly) as they go about earning gold and materials and trading them.

I don’t have the numbers ArenaNet have and I have no idea how they are keeping the economy stable despite the influx of gold from CoF path 1. But one thing is certain, they will actively keep the price of gold stable or at worst, allow a slow but steady inflation. So don’t bother farming anything else, gold is special, farming gold is THE way to farm.

ps:
This post is in the bltc section and not in the dynamic event section because its not really a post about farming >.<
More of my observation on gw2’s economy instead. Criticism welcomed.

I’m not 100% sure what you are trying to get at. I might get it, but I’m not sure.

I will say you are right that the economy has seen no signs of inflation. There are some high end items that have inflated, but most of the inflation is just a result of the speculator driven profits and eventually I’d think the bubble will burst on many of them.

In any event, it’s mostly people who speculate on the high end TP market that are effected by the inflation there. For most people and most goods, there has been almost no inflation and perhaps even a fair bit of deflation.

It is odd that such a renowned farming spot has been left alone, after the campaign that went on for months to squash most opportunities to earn gold at a reasonable rate where those opportunities could be found.

Maybe they just haven’t gotten around to it yet, or maybe they have realized they went to far in reigning in the flow of gold via ordinary game play?

From what I’ve seen, ANet wants to keep the value of a lot of stuff stable, although some patches take less time than others. For instance it looks like they don’t want to make any T6 fine mats cost much more than Glob of Ectoplasm, which is why they added the salvage ecto to dust thing. You can see the same balancing attempt with Flame&Frost with a whole lot of recipes taking unreasonable quantities of stuff that had the TP price crash to vendor value. The one I haven’t seen touched yet is silk and thick leather, but with this history it’s not too much of a gamble to say they’ll do the same here too.

In my opinion, if you’re “greedy” and want to maximize your gold, farm whatever makes the most gold for you. For instance. one of my guildies leaves 4 alts logged out beside any place where two Orichalcum can be found next to each other. At least for the short amount of time you’re gathering that Ori, the amount earned per unit time beats CoF Path 1 speed clears (although you then have to wait for nodes to respawn). That’s fine for him because he only logs on about an hour a day.

There is a small technical difference between farming gold (e.g. doing stuff for the reward chest that gives 50s and selling a whole bunch of junk to vendor) and farming stuff to sell on the TP for gold. The former ADDS gold to the economy while the latter REMOVES gold. At this moment in time I doubt it makes much of a difference for an individual trying to get gold however.

For simplicity, each gold that passes hands on the TP loses 15% in amount. Meaning that the movement of gold on TP is removing the supply of gold from economy. Thus, the value that the TP investors add to the economy is to keep inflation at bay. In reality, TP investors don’t actually expand wealth in any way because they are just moving existing goods around. To create wealth, you have to farm.

Gold has never Deflated? (by everything else, especially GEMS inflating in comparison)?
HA HA HA HA, that’s rich

Some other joker was trying to tell us that earlier in a discussion about food, but then didn’t actually use any real commodities in the example set, and worse, only accounted for 1 Quarter of trends immediately following a bubble caused by the Orr farms being nerfed. Man I love when these guys defend inflation but can’t even get their own statistics polished enough to look sanitary.

Well, yes. The very act of putting up a material will decrease the value of that material since you are adding to its supply. Gold faucets like CoF p1 isn’t affected by the act of being farmed.

However, you’re also missing a key concept (Something that GW2 lacks) is you’re assuming anyone can simply farm X at spot Y. While it’s true for the economy now, one can certainly foresee a future when Anet can potentially come out with content which not 100% of the population can complete.

ilr.9675:

Gold has never Deflated? (by everything else, especially GEMS inflating in comparison)?
HA HA HA HA, that’s rich

Some other joker was trying to tell us that earlier in a discussion about food, but then didn’t actually use any real commodities in the example set, and worse, only accounted for 1 Quarter of trends immediately following a bubble caused by the Orr farms being nerfed. Man I love when these guys defend inflation but can’t even get their own statistics polished enough to look sanitary.

I’m pretty sure you’re not interested in a serious discussion due to your ad hominem (joker), refusal to give specific examples (What exact date was Orr farms nerfed? How does orr farms nerfed affect things like Superior Runes and precursors?), and your strawmen (I’m not actually defending the merits of inflation), but the facts is facts. Overall, this economy has seen very little inflation in the past several months.

In fact, since you like to harp about food…

http://www.gw2spidy.com/item/12473
Similar price since December.

http://www.gw2spidy.com/item/12458
Similar price since December.

http://www.gw2spidy.com/item/12455
Similar price since December.

http://www.gw2spidy.com/item/12457
Similar price since December.

http://www.gw2spidy.com/item/12459
Similar price since December.

I don’t see this “inflation” effect you talk about.