Register
Welcome to the Stormspire.net WoW Gold Forums!

Greetings, guest! Welcome to Stormspire.net, your #1 resource for WoW and Diablo 3 Gold, Professions, and everything in between!


Enjoy what the site offers? Consider Premium Membership if you wish to get the most out of the site. Premium Membership benefits include the acclaimed Goblineer's World of Warcraft Gold Guide, private forum access, a complimentary high-quality avatar, and much more!


If this is your first visit, make sure to check out the Stormspire.net Survival Guide for a quick site orientation. You may also register to unlock all standard forum features, and to get rid of these lovely ads!


We proudly host the Official forums for TradeSkillMaster, The Undermine Journal, and WoWuction.

Page 1 of 2 12 Last
Results 1 to 10 of 16
  1. #1
    Entrepreneur
    Ohnekase's Avatar
    Posts
    23
    Reputation
    7
    Tagged in
    8 Posts
    Add to this user's reputation

    The Wow Gold Economy and Goblins: Do we put gold in or take gold out?

    Ok, so this isn't really a literal post, but I was curious yesterday.

    So, one big beefs with the Guardian Cub Pets was that Blizzard was selling gold. However, as they pointed out, No new gold is being added, just shuffled around.

    However, from a slightly different look at the idea of gold shuffling, where do we fit in. In terms of the game economy, most of us gold makers earn a whole lot more money than we spend. In our quest to get a higher and higher gold number (214k, 500k, etc), we don't spend the money we get.

    So, in an abstract way, do we actually take money out of the WoW economy?

    If this doesn't quite make sense, I may have to clarify, but I will start with this.
    -Ohnekase

    Meet Ohnekase: WoW Low Level Goldmaking Tips: wowohnekase.blogspot.com
    Twitter: @Wowohnekase

    Those who fear the darkness have never seen what the light can do. - Selenia, Dark Angel.

  2. #2
    US-Tichondrius(A)
    Wind Trader Emeritus
    Acry's Avatar
    Posts
    1,271
    Reputation
    67
    Blog Entries
    3
    Tagged in
    595 Posts
    Add to this user's reputation
    Generally, I believe we actually put gold back into the hands of the farmers from whom we buy our cheap large quantities of mats who then go and sell gold to the people who believe they are severely needy. Some of us have outlets to spend that gold in back into the community on mounts and stuff while some of us don't and it just piles up. We probably take gold out of the game essentially but so much is created everyday that it's not really an issue. If it was an issue I believe Blizz would be working on offering multiple outlets outside of TCG mounts to dump large quantities of gold into rather than a 10k here for a legendary quest and some 20-30k here for some vendor stuff for a mount
    Last edited by Acry; January 8th, 2012 at 01:02 PM.
    Screw the rules, I have money!
    If a post helped you - make sure you click the + rep button!

  3. #3
    Ethereal Contributor
    Wanamaker's Avatar
    Posts
    375
    Reputation
    15
    Blog Entries
    24
    Tagged in
    139 Posts
    Add to this user's reputation
    I would say we take it out, but only to a point. Once you get to a certain number, most people spend the extra or stop trying to play the AH so hard.

    I saw Aeg gave away 2.2 million the other day. I wonder what impact that had on the economy. I don't know if I could give that much away. I saw one gold seller spamming trade for 10K gold for $13, that mean Aeg gave away like $2800 in gold.
    Nothing comes merely by thinking about it.

  4. #4
    Diablo 3
    Wind Trader
    Reverb's Avatar
    Posts
    919
    Reputation
    102
    Tagged in
    304 Posts
    Add to this user's reputation
    Yes, goblins act as a deflationary variable in WoW due to hoarding massive amounts of currency and having nothing to spend it on so that portion not utilized is effectively removed from the economy.

  5. #5
    Earthen Ring (H) / Stormrage (A)
    Wind Trader
    Z-Man's Avatar
    Posts
    982
    Reputation
    75
    Tagged in
    453 Posts
    Add to this user's reputation
    We do take gold out of the economy, but it's become insignificant compared to what's being pumped into the game. Pulling a couple million gold out of the economy back in BC and early WotLK may have had a (limited) effect on smaller servers,i but now we're creating millionaires right and left and no one really notices. The daily rewards, the high vendor prices on drops, guild challenge rewards, it's all coming in faster than we can take it out.

  6. #6
    Entrepreneur
    Huntom's Avatar
    Posts
    61
    Reputation
    0
    Tagged in
    10 Posts
    Add to this user's reputation
    Quote Originally Posted by Z-Man View Post
    it's all coming in faster than we can take it out.
    .....

    tumblr_lfp2hoS7xu1qc9f5v.jpg

    Followup question on this would be at what critical mass a goblin can turn it all over and start to take more money out the economy then what's being put in at a given time.

  7. #7
    Wind Trader
    Whitewolf's Avatar
    Posts
    248
    Reputation
    21
    Tagged in
    91 Posts
    Add to this user's reputation
    "Do we put gold in or take gold out?"

    We do neither and we do both.

    Our main ah activities neither generate new gold nor does it destroy existing gold.

    But each of us can be a strategic pressure release valve on our respective economies. As Z-Man indicated, the passage of time and inflation has diminished the impact a single million can have. But, if one chooses their battles, and concentrates on specific markets, 1 million can still go a long way to stabilizing (or destablizing) prices for a while.
    Author of "T'was the Night Before Glyphmas"...google it. Yes...~I~ came up with the name "Glyphmas".

    2k-02/2009 Goldcap-06/2009 1000k-Dec 22, 2009

  8. #8
    Diablo 3
    Wind Trader
    Reverb's Avatar
    Posts
    919
    Reputation
    102
    Tagged in
    304 Posts
    Add to this user's reputation
    Quote Originally Posted by Huntom View Post
    .....

    tumblr_lfp2hoS7xu1qc9f5v.jpg

    Followup question on this would be at what critical mass a goblin can turn it all over and start to take more money out the economy then what's being put in at a given time.
    We would need to know at what rate inflation is increasing (player dailies, guild dailies, mob loot, vendor sales) and what rate deflation is occurring (goblins hoarding gold, repairs, players closing accounts and never returning, vendor purchases). Whenever those two sum to zero as much gold will be entering as will be leaving the economy, and it's merely necessary that the inflation rate be somewhat less than the deflation after that.

  9. #9
    Entrepreneur
    Ohnekase's Avatar
    Posts
    23
    Reputation
    7
    Tagged in
    8 Posts
    Add to this user's reputation
    An interesting idea. I hadn't thought about some of this. I love it.

    That and seriously, Huntom, taking gold out of the economy faster than it is being put it. I would be both impressed and terrified to see that.
    -Ohnekase

    Meet Ohnekase: WoW Low Level Goldmaking Tips: wowohnekase.blogspot.com
    Twitter: @Wowohnekase

    Those who fear the darkness have never seen what the light can do. - Selenia, Dark Angel.

  10. #10
    Aeg
    Rewind Trader Emeritus
    Aeg's Avatar
    Posts
    1,039
    Reputation
    59
    Tagged in
    230 Posts
    Add to this user's reputation
    @Stede and I had a fun conversation about this a couple months back where we calculated the effect of people just doing the MF dailies and how much that was adding in.

    I have been out of the game for a bit so I am going to use conservative numbers here just for the sake of pointing out how much is actually being created in any given raid reset.

    Each Daily - 12g x 10 Dailies average per person = 120g per person that does dailies.
    Lets assume on the low end of a low pop server you have 2k people doing dailies per day (2k is ridiculously low for a high pop server) 120g per day x 2k people = 240k Gold.

    THIS is one days take conservatively for just dailies alone. 240k - I made around that in one/two days only around patch times and that was in sales not profit.

    240k x 7 Days = 1.68M per week

    Now add in heroics and leveling loot, guild perks and whatever else I can't remember and the numbers are staggering. I don't even want to do the math on what a high pop server would bring in per week.
    Experience for mining/herbing - Making farming tolerable and leveling painful.
    There can only be one Rewind Trader

 

 
Page 1 of 2 12 Last

Similar Threads

  1. Gold blogs for low level gold making
    By Ohnekase in forum Archive (General)
    Replies: 3
    Last Post: September 26th, 2011, 05:14 PM