EQ Economy

[MasterCS]

As most people have noticed, the economy on the server has taken a huge dip over the last 3-4 months. I was just curious as to what people think this is attributed to. Is the server just getting that saturated with items, due to a dip in server population since Agnarr, combination?

[Baler]

The prices on items actually took a dip like a year ago now.
Fat cats try to keep it high though.

And yes the server is saturated with items, many of which are over priced. Part of the reason items havn't plummeted in price is many are rotting on lowbie alts and in bank boxes. But much of that eventually makes it's way to market just not all at once.
I wish the staff would release the statistics for some of the most sought after items. Like the absurd number of fungi tunics on blue.

[Izmael]

They will probably never release any even remotely useful or relevant statistics because that would be non-classic.

I would love, however, to see some vanity stats such as
- number of fungis destroyed
- number of green scales given to a wrong NPC
- number of earth staffs given to pets

stuff like that.

[aaezil]

if people just straight up stopped paying those ridiculous inflated prices on very common items then prices would have to drop. You can blame the fat cats (some of them were caught spamming WTB in tunnel then switching to their seller who had that item to fix prices and continue) but also blame yourselves.

[fadetree]

It's true, no matter how hard they try, if no-one will pay what's being asked then that's not the 'price'. The actual problem is there's no alternative 'camp it yourself' for a lot of these, at least for people not willing to really obsess. It's more of a hostage system than an economy.

[mattydef]

I think the most recent hits to the economy is the nerf to seafuries and rogues finally getting rid of their haste items since they changed the Ragebringer. By far the most common price drops have been haste items lately. I still find it funny how AoN somehow went up in price by 100k or so recently, even with a dozen for sale at the same time. It's almost like the owners of these try to one up each other in price, but instead of going lower they go higher.

[jakerees]

Supply and demand my friend. If the supply is high, then the people of Colorado are happy. If the demand is high then we are all in trouble like my cousin Jeff who puts too many bets down on the boat races, but they aren't even like speed boats, we're talking like big freighters going across the ocean. I don't know how he even does it but one day he's all cigars and women and the next he's looking over his shoulder so "Ramon" doesn't find him.

[Necrostoner]

Pretty simple. The items are constantly popping. There is no slowing this. Supply is really high which makes demand low.

[citizen1080]

I think the most recent hits to the economy is the nerf to seafuries and rogues finally getting rid of their haste items since they changed the Ragebringer. By far the most common price drops have been haste items lately. I still find it funny how AoN somehow went up in price by 100k or so recently, even with a dozen for sale at the same time. It's almost like the owners of these try to one up each other in price, but instead of going lower they go higher.

I am 99% sure the AoN price is artificially inflated. Guessing the same group is farming golems with 2-3 guys and keeping price up. AoN shoulda plummeted with increased drops after revamp.

[jolanar]

Yup supply and demand. Just means there is more supply than demand. My guess is many new players go to Agnarr instead of P99.

[Twochain]

There's also a lot less plat being generated from people farming Seafuries

[plasma1010]

A lot of it has to do with the Trade Deficits between Antonica and Kunark, Kunark is producing a lot more raw goods then Antonica. While there is more money flowing and valuable goods in Antonica overall, it is largely subsisting off of imports. It would in theory add inflation to the PP, which in some cases it would, but according to the CPI (Consumer Price Index), the overall cost of goods and services is seeing a deflation. Many think this is because of the way the PP is rigged, and confidence is high for consumer goods and services.

The real problem is that back around late 2000 the labor which kept Antonica financially stable and producing raw goods for the East Commonlands was essentially outsourced to Kunark. The EC market traders realized they could get not only a higher price for goods out of Kunark, but for half the cost. Why pay someone from Antonica to travel BOTH ways to sell back in EC, when they could just get an Iksar to farm the goods and it would only cost half the price since they only need to go from Kunark to Antonica, not back and forth ?

Of course while things APPEAR to be better in Antonica for the PP and price of goods and services, it's all smoke and mirrors and it's only a matter of time until the confidence falls and Gold takes the reins as the historical and practical means of holding your wealth.

In short, BUY GOLD NOW !

[silo32]

also came in to post supply and demand

life is suffering so is desire

be happy with your cracked staff peasant

[Kaino]

ive been mining pitcoin from the hole, you know they say it's the future

[skarlorn]

A lot of it has to do with the Trade Deficits between Antonica and Kunark, Kunark is producing a lot more raw goods then Antonica. While there is more money flowing and valuable goods in Antonica overall, it is largely subsisting off of imports. It would in theory add inflation to the PP, which in some cases it would, but according to the CPI (Consumer Price Index), the overall cost of goods and services is seeing a deflation. Many think this is because of the way the PP is rigged, and confidence is high for consumer goods and services.

The real problem is that back around late 2000 the labor which kept Antonica financially stable and producing raw goods for the East Commonlands was essentially outsourced to Kunark. The EC market traders realized they could get not only a higher price for goods out of Kunark, but for half the cost. Why pay someone from Antonica to travel BOTH ways to sell back in EC, when they could just get an Iksar to farm the goods and it would only cost half the price since they only need to go from Kunark to Antonica, not back and forth ?

Of course while things APPEAR to be better in Antonica for the PP and price of goods and services, it's all smoke and mirrors and it's only a matter of time until the confidence falls and Gold takes the reins as the historical and practical means of holding your wealth.

In short, BUY GOLD NOW !

Brilliant let's bring the heat to this post

[fadetree]

I thought we cleared it up a while back - EQ is not supply and demand, and you're an idiot if you think so. There was no further explanation.

[Visual]

I am 99% sure the AoN price is artificially inflated. Guessing the same group is farming golems with 2-3 guys and keeping price up. AoN shoulda plummeted with increased drops after revamp.

Combination of GM raid ban, plat depletion, and the sheer abundance of them now due to golems as you mentioned.

[supermonk]

resellers do not like me because I keep fungi prices low. best I've done is reduced from 45k to 38k for a small period last year...was great tasting all their tears.

[jakerees]

EQ is most definitely supply and demand let me break it down for you. Say you are Joe Q. Nobody driving across the United States from California to New York and when you are in Kansas you realized that you left your briefcase at your house so you have to go all the way back but when you are in Colorado you blow a tire and that takes a while to fix and its late at night so you get a room at the nearest Holiday Inn to get some sleep, then at the paltry continental breakfast the next morning a fair maiden catches your eye. She' gorgeous and you get to talking and turns out she is on the way to California but she totaled her car and is stranded so you give her a lift. Well come to find out this girl has been secretly sent to this hotel to scam unsuspecting travelers out of their hard earned money but here's the kicker, she can't go through with the scam because she is falling for you but you don't know if you can trust her so you tell her off somewhere in San Diego and go to get your briefcase but when you go to leave you're shocked. She's standing outside by your car, she can't give you up. The next thing you know you are on the way to New York with this girl and the briefcase and then when you are rolling through Illinois you get chased by this biker gang because they mistake you for some guy that owes them money or something and they are trying to shoot out your tires or something but you get away. Unfortunately they hit the gas tank so you are stranded again. But in the end you decide to just marry that girl in Peoria and you settle down near Normal. I hope that clears things up.

[lctucker2999]

EQ is most definitely supply and demand let me break it down for you. Say you are Joe Q. Nobody driving across the United States from California to New York and when you are in Kansas you realized that you left your briefcase at your house so you have to go all the way back but when you are in Colorado you blow a tire and that takes a while to fix and its late at night so you get a room at the nearest Holiday Inn to get some sleep, then at the paltry continental breakfast the next morning a fair maiden catches your eye. She' gorgeous and you get to talking and turns out she is on the way to California but she totaled her car and is stranded so you give her a lift. Well come to find out this girl has been secretly sent to this hotel to scam unsuspecting travelers out of their hard earned money but here's the kicker, she can't go through with the scam because she is falling for you but you don't know if you can trust her so you tell her off somewhere in San Diego and go to get your briefcase but when you go to leave you're shocked. She's standing outside by your car, she can't give you up. The next thing you know you are on the way to New York with this girl and the briefcase and then when you are rolling through Illinois you get chased by this biker gang because they mistake you for some guy that owes them money or something and they are trying to shoot out your tires or something but you get away. Unfortunately they hit the gas tank so you are stranded again. But in the end you decide to just marry that girl in Peoria and you settle down near Normal. I hope that clears things up.

I couldn't have summed it up any better myself. *applause*

[Kesselring]

supply and demand and also the amount of platinum going into players pockets from actually farming mobs and selling gems counts. If youre constantly giving plat back to NPC's for reagents/recharges then there is going to be very little plat that actually stays floating around. Ever since the gem pinata's have been nerfed people not really sure where to farm money other than hill giants and a few other places.

[fastboy21]

its a virtual economy on a perma-classic server...the only thing that is changing is the players.

sure, time has a factor to play but only in as much that time changes players and how they play. time doesn't change the game itself.

the amount of plat in "circulation" is also something to consider, but aside from a general price level changes of some goods (enhanced by shifting player supply and demands) its generally not a game changer imo.

players on p99 have changed.

[Bones]

I am 99% sure the AoN price is artificially inflated. Guessing the same group is farming golems with 2-3 guys and keeping price up. AoN shoulda plummeted with increased drops after revamp.

The value of platinum has been directly linked to the AoN by the Norrath World Bank much like the gold standard of old America. The value is held steady to make sure our fiat economy doesn't collapse and the next thing you know fungis are used as toilet paper for ogres. This is why AoNs have been worth like 300kpp since basically forever and the price has almost never changed

[skarlorn]

Sadly, all of you are wrong.

The basis of p99 economy is based on currently unobtainable items. These items, such as the Circlet of Shadows, are the gold bullion against which platinum is weighed. However gold can only be made with iron or in this case steel and so you will find that the macro economy is forged in the Fine Steel. West Freeport is a Fine Steel City-state and sir Lucan dlere is secretly supported by the Dwarven Insurrection Brigade and their shipments of dwarf forged fine steel. This is why you see two fine steel weps on West Freeport guardd but it also is tied into the reason they have two eyes. We won't get into that atm because you need to understand that fine steel is the backbone of thus economy. The rarest and most desirable item is the unobtainable Evil Eye lens currently in my possession. I accidentally clicked one charge off if it while chained to t2 in EC in my slave elf whore but it's still in pretty good shape. You see, mama stone and beads are actually very common, heavily farmed items whereas my evil eye lens is the rarest item in the game and is usable to all classes and races and although there is another evil ey lens (2 eyes, 2 eyes in wfp guards, 2 FS wep,, do you get it now? So if you need to complete your eye set I am telling you I have got the other lens. I have received numerous offers from Gnomish Rebel forces to trade this Evil Eye Lens for shipments of 5000 Fine Steel weapons. These are most likely Kaladim Forged due to the Geotechnical map of Faydwer, of course. However Misty Thicket is actually pretty anti gnome and I can't be sure if these gnomes are really agents of king akanon, who I will not empower further. Though I could use those 5000 steel weapons to finally outfit a large army of halflings to reclaim Kithicor it would not be worth it due to the impact of my Evil Eye lens in the corrupt continent of elves. Would you have the gnomes take felwithe I would not and so I am now entertaining offers from any and all weapon dealers who are interested in the most valuable item in the world and can help me to arm the greatest coalition of halflings fighters Antonica has ever seen. The gorge will be ours. The Eastern Karanas next. And we will sweep like a furry footed plague across the hinterlands until we sack the. Economic capital of the world, the giants of Rathe. Vote Filbus Now to Reclaim Antonica!!

[Evia]

The drugs in this thread are really good.
<eats popcorn>

[jakerees]

Sadly, all of you are wrong.

The basis of p99 economy is based on currently unobtainable items. These items, such as the Circlet of Shadows, are the gold bullion against which platinum is weighed. However gold can only be made with iron or in this case steel and so you will find that the macro economy is forged in the Fine Steel. West Freeport is a Fine Steel City-state and sir Lucan dlere is secretly supported by the Dwarven Insurrection Brigade and their shipments of dwarf forged fine steel. This is why you see two fine steel weps on West Freeport guardd but it also is tied into the reason they have two eyes. We won't get into that atm because you need to understand that fine steel is the backbone of thus economy. The rarest and most desirable item is the unobtainable Evil Eye lens currently in my possession. I accidentally clicked one charge off if it while chained to t2 in EC in my slave elf whore but it's still in pretty good shape. You see, mama stone and beads are actually very common, heavily farmed items whereas my evil eye lens is the rarest item in the game and is usable to all classes and races and although there is another evil ey lens (2 eyes, 2 eyes in wfp guards, 2 FS wep,, do you get it now? So if you need to complete your eye set I am telling you I have got the other lens. I have received numerous offers from Gnomish Rebel forces to trade this Evil Eye Lens for shipments of 5000 Fine Steel weapons. These are most likely Kaladim Forged due to the Geotechnical map of Faydwer, of course. However Misty Thicket is actually pretty anti gnome and I can't be sure if these gnomes are really agents of king akanon, who I will not empower further. Though I could use those 5000 steel weapons to finally outfit a large army of halflings to reclaim Kithicor it would not be worth it due to the impact of my Evil Eye lens in the corrupt continent of elves. Would you have the gnomes take felwithe I would not and so I am now entertaining offers from any and all weapon dealers who are interested in the most valuable item in the world and can help me to arm the greatest coalition of halflings fighters Antonica has ever seen. The gorge will be ours. The Eastern Karanas next. And we will sweep like a furry footed plague across the hinterlands until we sack the. Economic capital of the world, the giants of Rathe. Vote Filbus Now to Reclaim Antonica!!

Now I hope you all see what is going on here and it is pretty obvious to me. Many many years ago, like in the 1950s they made these Lord of the Rings movies with the guy that played Magneto in X-Men being a wizard so pretty much the same character but it was based off books written in the 1400s and they had to destroy this evil ring but what has happened here on p99 is that the evil eye lense is the much like the one ring of power and has been sought after by many because it corrupts in its power and skarlorn has been corrupted like Gollum as he has held onto this evil eye lens for many moons and it has changed him so unfortunately it needs to be taken from him and destroyed. It needs to be destroyed by the very optometrist that created it so really we need to figure out where in this game there is an optometrist because I haven't noticed one ever so probably in Qeynos because I'm not sure I've ever stepped foot in that city on any character because come on its Qeynos and is a completely unnecessary place to be but lets get on this and make sure we do it right we are going to need a wizard, a human ranger and a human warrior, a dwarf warrior, an elf ranger, and 4 random halflings, doesn't matter which class because they will be mostly useless, but not filbus obviously because he is the guy that we have to shank first. WTB Jaundiced Bone Bracer 3k

[Izmael]

I'll sell you a keyboard with an Enter key for 1 pp.

[jakerees]

I'll sell you a keyboard with an Enter key for 1 pp.

I'm
sorry
I
will
try
to
use
the
enter
key
from
now
on
Izmael.
That
reminds
me
of
the
time
my
brother
was
writing
a
paper
for
one
of
his
college
classes
and
had
a
lot
of
formatting
problems
but
was
able
to
talk
his
way
to
a
B.
I
won't
bore
you
with
the
details
but
that
is
how
I
learned
the
true
art
of
blackmail.
Forwards

[mattydef]

The value of platinum has been directly linked to the AoN by the Norrath World Bank much like the gold standard of old America. The value is held steady to make sure our fiat economy doesn't collapse and the next thing you know fungis are used as toilet paper for ogres. This is why AoNs have been worth like 300kpp since basically forever and the price has almost never changed

Except the last couple months everyone has been trying to get 400k, look it up.

[Transylvania]

There's also a lot less plat being generated from people farming Seafuries

Hit the nail on the head. Less available platinum from time spent (barring extreme luck on ultra rare drops) = more revenue for the RMT'ers. Hence the reason they were unclassically nerfed. Why am I the only one who can see this. You fill in the blanks.

[Ravager]

I want to hear what schnick thinks.

[eudaimonia_etc]

My guess:

Game has become even more top heavy. The increase in demand for the top end drops has not been matched by an increase in supply, and the decreased demand for the mid to low end drops has been met with an increase in supply farmed by the higher level server population. Therefore, prices are going down for most everything but your AoN's, Flayed Barbarian Skin Leggings, Coldain Ring 9 MQ's, etc. There has been years and years of plat farming on this server; the nerf to sea furies is a drop in the plat pool of the overall economy.

[Pokesan]

I'm
sorry
I
will
try
to
use
the
enter
key
from
now
on
Izmael.
That
reminds
me
of
the
time
my
brother
was
writing
a
paper
for
one
of
his
college
classes
and
had
a
lot
of
formatting
problems
but
was
able
to
talk
his
way
to
a
B.
I
won't
bore
you
with
the
details
but
that
is
how
I
learned
the
true
art
of
blackmail.
Forwards

how big is he?

[jakerees]

how big is he?

Yes