I'm an economist and I'll give you tips on how to protect yourself against in-game inflation. Inflation is directly related to money supply and money supply is the most important factor in inflation. If you want to know more about Real Life inflation check out Milton Friedman. If you want to know about in-game inflation keep reading...
In WoW the money supply (Total money owned by everyone) is constantly changed. It usually goes UP, causing inflated prices over time. For example, most items will be cheaper in the first months of the game than later times.
HOW DOES MONEY SUPPLY INCREASE?
1- Players looting gold
2- Players selling items to NPC's and recieving gold (Brings in more money than number 1)
3- Players recieving gold from quests
HHOW DOES MONEY SUPPLY DECREASE?
1- Players quitting the game for eternity (their gold stock is lost)
2- Players spending money on NPC's (buying food, repairs etc)
3- AH posting fee (The fee paid before posting your item)
4- AH earning tax (Paid when your item is sold, %5 cut in faction AHs and %15 in neutral AHs)
The factors moving money supply UP is more effective in the long run than the factors moving it down. In classic WoW money supply will be constantly increased after most people buy their epic mount and get over the biggest money sink. Those who are rich will be paying more for whatever they want, moving the prices up.
WHAT CAN YOU DO TO PROTECT AGAINST INFLATION?
- BE SMART WITH YOUR MONEY
Don’t be a sucker and become an early investor! Check the AH like a shark! If you don't invest your money you will LOSE some money because of the inflation! You need to buy stuff in the early months of the game, and sell them couple weeks/months later. Buy LOW sell HIGH! These opportunity windows will be open for a short period of time and you'll need to plan ahead. Make your list. If your investment gains more value than the inflation rate then it’s a good investment. But what are good investments?
TIP: Don't give away your investment ideas on public forums!
If you let everyone know the items that are gonna gain value over time, their price will be inflated from the start!
I'll tell one item to the first fella who PM's me! (Congrats Escalotes!)
If you want to know more about my investment decisions, you'll need to send me a good investment tip. Write the name of the item and when and why it's gonna gain value. If it's reasonable you'll get one tip from me. 1 to 1 ratio.
Cheers!
pssssssstt!!!!
Can you please not tell people that the items they put in the AH the first week will be double when not even triple the price a week later and after the first month it will be around 10 times that price.
I played the AH since MOP (even played Legion just for the AH) and hope that i do not get adicted again in Classic because Flipping the market is so much fun and with AH just for one Server it will even be easier to controll a market ;)
Nymis Thanks did not saw any rules and just wanted to post i read for months. As i mentioned i have lurcked the forum for months but never made an account. So sorry for that.
PS:
Also i have no Problem if my level get resettet because i posted because i wanted to post not to raise my level or so
Great tips there - inflation is definitely a sap on gold in the long term and advice re: buying up stock early is a good one.
centurion perhaps we can add this as a section to your gold guide if Muhip agrees too?
I'm an economist and I'll give you tips
By the https://classic.wowhead.com/object=268458/false-orders of https://classic.wowhead.com/npc=6767/garona , I say ! Stopped reading right there !!
Which one of you https://classic.wowhead.com/npc=8553/necromancer scumbags brought this https://classic.wowhead.com/npc=8545/abomination back from the Underworld ?!? Nice try, you bunch of https://classic.wowhead.com/npc=16375/sewage-slime !!!
What a change of heart.. :lol:
Great tips there - inflation is definitely a sap on gold in the long term and advice re: buying up stock early is a good one.
@centurion perhaps we can add this as a section to your gold guide if @Muhip agrees too?
Yeah, that'd be a great addition to the guide! :mrgreen:
@Uncle Ganus McAnus
Sorry for my provacative ways. It was a mistake! Even the thought of picking horde's side makes a sane man act like a sorry animal. What a circus of a faction, I say!
I won't have to https://classic.wowhead.com/spell=6238/speak-with-animals anymore and hopefully drink a beer with you in Khranos!
For the Alliance!
Purified by the light of Ganus
For the Alliance!
By the https://classic.wowhead.com/item=3786/shiny-dirk of https://classic.wowhead.com/npc=1073/ashlan-stonesmirk , I say ! Your https://classic.wowhead.com/item=1973/orb-of-deception fools no one here, you poor excuse for a https://classic.wowhead.com/npc=16030/maggot !!!
It's clearly not easy to win the heart of Azeroth's toughest paladin :oops:
It's clearly not easy to win the heart of Azeroth's toughest paladin :oops:
That's like saying the world's tallest gnome.
It's clearly not easy to win the heart of Azeroth's toughest paladin :oops:
That's like saying the world's tallest gnome.
you absolute king of a man
Ohhh there are so many nice farm tricks you can do early game and after a few patches you will make so much money with it - but I wont share it :p
Small hint: Something everyone love do to with the family :p (yeiks :p)