Any economist here?

Any economist here?

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Posted by: blackoil.2673

blackoil.2673

Why suddenly the Black Lion Chest has doubled it’s price? We haven’t had any update these days, 4 days ago it was half silver and now they’re more than a silver each.

Seriously, I’m really wondering why these kind of things happen. How this makes any sense? https://www.gw2spidy.com/item/20316

Gosh… If i bought them when they were worth 2 coppers…. now I’d have 96 times what I had then….

Any economist here?

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Posted by: Dayra.7405

Dayra.7405

Ceterum censeo SFR esse delendam!

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Posted by: blackoil.2673

blackoil.2673

Any economist here?

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Posted by: laokoko.7403

laokoko.7403

http://www.gw2spidy.com/item/49481

That is nothing. This item went from 1 gold to 20 gold.

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Posted by: Illconceived Was Na.9781

Illconceived Was Na.9781

http://www.gw2spidy.com/item/49481

That is nothing. This item went from 1 gold to 20 gold.

There’s a huge difference between an oversupplied item in high (but stable) demand increasing in price, versus an undersupplied item with low (but stable) demand increasing

John Smith: “you should kill monsters, because killing monsters is awesome.”

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Posted by: blackoil.2673

blackoil.2673

http://www.gw2spidy.com/item/49481

That is nothing. This item went from 1 gold to 20 gold.

from 1-2 copper to 1,6 silver is way bigger profit than 1 to 20 gold.
If you had spent 1 gold in BLT by then, you would have 5-10.000 BLT. Now, if you sell this for 1,6 silver each, you would have 80-160 gold. AFAIK, 80-160 gold >>>>> 20 gold.

Any economist here?

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Posted by: laokoko.7403

laokoko.7403

http://www.gw2spidy.com/item/49481

That is nothing. This item went from 1 gold to 20 gold.

from 1-2 copper to 1,6 silver is way bigger profit than 1 to 20 gold.
If you had spent 1 gold in BLT by then, you would have 5-10.000 BLT. Now, if you sell this for 1,6 silver each, you would have 80-160 gold. AFAIK, 80-160 gold >>>>> 20 gold.

That is 8 month ago. I could say the same thing about hallowean shield. This just happened recently.

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Posted by: laokoko.7403

laokoko.7403

There is a perfect explanation for this. Black Lion Chest have been disappearing from Tyria in an alarming rates.

Bandit have been stealing black lion chest and burrow it in Silver Waste.