100m for sale

[allen]

Well I didn't really wanna sell my coins, wanted to keep em for spitfire but due to the shortage I guess I'll sell em, $9 per mil...

[Drakefang]

$9 per mil? This is a joke, right?

What's sad is they will sell...

[allen]

all sold, no joke

[allen]

and why don't I see you posting in GSAuctions threads about their silver prices?

[WRoss]

$9 per mil? This is a joke, right?

What's sad is they will sell...

I had 50m at 8 per and they sold in less than a day. The market is crazy right now.

[Buckwheet]

GSAuctions only has 20m for sale. Its the lowest I have seen available from them in a long time.

And that means the most reliable source for coins is at $9 per. $10 if you need less than 20m.

So it doesn't surprise me in the least.

[Drakefang]

The market is crazy right now because of Droughtman's.

I don't need to post in the GSAuctions thread about their silver prices. Everyone knows they are absurd, yet they still sell, too. Is it fair to overcharge? Shit yeah, because the demand is there and people have cash to blow, even in this economy. Just because you are a smart seller doesn't make you an ethical one.

It's a great market currently to take advantage of people. Smart selling.

[Buckwheet]

How is selling silvers for what the market determines any less ethical than the stock exchange? The price of commodities changes all the time. Silvers are just another form of a commodity.

Unethical would be someone shorting the market to create a false impression of a shortage or a false demand.

Edit: Unethical is still a stretch for my example. But I think your statement would more apply to that scenario than the current one.

[AnticorRifling]

If it was unethical and overpriced it wouldn't move...

[WRoss]

The market is crazy right now because of Droughtman's.

I don't need to post in the GSAuctions thread about their silver prices. Everyone knows they are absurd, yet they still sell, too. Is it fair to overcharge? Shit yeah, because the demand is there and people have cash to blow, even in this economy. Just because you are a smart seller doesn't make you an ethical one.

It's a great market currently to take advantage of people. Smart selling.

Can you write my economics and ethics papers?

[AnticorRifling]

Can you write my economics and ethics papers?

Lookin to fail huh?

[WRoss]

Lookin to fail huh?

Excuse me. This post is gonna get pulled by a GM as soon as I tattle on you. This message board is a nice place where we let idiocy roam rampant. Throggs and Grendegs are allowed to graze upon the fruits of censored speech.

[Drakefang]

How is selling silvers for what the market determines any less ethical than the stock exchange? The price of commodities changes all the time. Silvers are just another form of a commodity.

Unethical would be someone shorting the market to create a false impression of a shortage or a false demand.

Edit: Unethical is still a stretch for my example. But I think your statement would more apply to that scenario than the current one.

Would you accept distasteful?

The point was that most folks have been selling for $7-7.5 per mil. I'm not saying that he shouldn't go make the $$ while he can. So far, he's the first I've seen take advantage of it. I indicated he was a smart seller for doing so. However, I would not buy them at that price nor would I charge that much even given the current market.

I just find it amusing how people give sellers a hard time in one thread about their pricing or sales methods then defend them in the next thread as fair business practices.

So, Allen, sorry for giving you shit. I simply don't find it tasteful to bump the silver price so much. That's all.

[Fallen]

The only aspect of selling silvers at a high price that is distasteful is if the seller has bitched about silver prices in the recent past.

Beyond that, this isn't a needed good. Buying silvers is total luxury territory. If people pay, it is ENTIRELY on them.

[AnticorRifling]

Excuse me. This post is gonna get pulled by a GM as soon as I tattle on you. This message board is a nice place where we let idiocy roam rampant. Throggs and Grendegs are allowed to graze upon the fruits of censored speech.

LOL I hate you.

[Buckwheet]

Adjusting pricing according to current market conditions is a simple fact of life. Prices don't stay static.

We aren't paying 15 cents for a loaf of bread like they were in 1945. Things change, prices change, demand changes.

How you conduct yourself in an non-live auction environment is more important than the price you put on said items.

You let the people pay what they want for the items they want, and you use a set of rules to govern the sale of said items. So you are being equally fair to everyone while you screw them out of their money.

Nobody likes the rug getting pulled out from under them.

[WRoss]

It is tasteless when you do it like Mogonis and have silver prices 2-3 dollars higher anyone else and sit there and bump it everyday. On top of that, he'd complain when someone else sold silvers or his silvers didn't sell. Allen posted them for sale, if people didn't want them, they would not have sold.

[Tumbadoo]

Get what you can now. By summer the prices will be back to $7. I'd argue that we might see silver sell for $6 per. Why, because the need for silver will drop and people will be pissed that it went so high that they won't buy at $7.

[crb]

the thing that is weird, to me, is that there hasn't been a big silver drain anytime recently in the game economy, in fact, quite the opposite. Droughtman's is like QE2 for gemstone, what with the, roughly, 20-25m maybe per run in rope coins, and the betting funds released early on.

A couple billion, with a b, extra silvers have been released the last couple months.

[AnticorRifling]

People stocking up for spitfire or to buy the loot from droughtman maybe?

[No Gnomes Is Good News]

the thing that is weird, to me, is that there hasn't been a big silver drain anytime recently in the game economy, in fact, quite the opposite. Droughtman's is like QE2 for gemstone, what with the, roughly, 20-25m maybe per run in rope coins, and the betting funds released early on.

A couple billion, with a b, extra silvers have been released the last couple months.

The issue is people who WANT coin, will pay an amount that is being sold to them.

They feel that instead of waiting for the right price, they are almost obligated to buy at current value.

Not knocking allen at all, since it's good business practice obviously.

But people just go in a frenzy the moment an event rolls around and feel the need to buy alot of coin for some reason, thus usually results in a small increase in coin. After the Spitfire, coin will come down as always.

I agree with you though V and never understood people, but the reason why the prices are what they are is because some people fail and buy them at the asking price. Thus causes everyone else who sells coin to increase their rate too.

And as Fallen stated, coins are a luxury at this point in time as I see it, because there are so many in this game and the economy is so screwed up more so now after this maze event, people don't have to buy coin so when they do, they'll be paying whatever it is someone will contact them with and say "I'll sell you coin at 9 per million."

Now, if you get 3 people contacting you with 3 seperate prices, that is another story. But if someone freaks out thinking they need a load of coin for this event which has no good auctions, just digging and raffles and only gets contacted by 1 sales person, odds are they will pay that amount.

Me personally, I felt coins are still worth 7 but the other day I paid 8 because no one would sell to me period. I didn't need the coin, but knew I could sway 80 bucks for 10mil so I can have a decent fund cushion.

All in all, the market is crazy and always will be with coin sadly as the rich get richer and the poor get poorer

[crb]

The thing about Spitfire is it isn't an auction event, it will likely not be a huge silver drain.

And Droughtman, buying those items is an exchange between players, so the coin doesn't leave the economy. I guess in the end it is that the buyers of droughtman items might not have the coins they need, and the sellers of droughtman items are hoarding their silvers.

The number of 100m+ bank accounts has surely risen.

[No Gnomes Is Good News]

The thing about Spitfire is it isn't an auction event, it will likely not be a huge silver drain.

And Droughtman, buying those items is an exchange between players, so the coin doesn't leave the economy. I guess in the end it is that the buyers of droughtman items might not have the coins they need, and the sellers of droughtman items are hoarding their silvers.

The number of 100m+ bank accounts has surely risen.

Yup. Which is why I think it's nuts for people to run around trying to buy coin for spitfire, as it's not a huge event that will require massive amounts of coins, and people holding off on coins thinking the value should/will go up because of it. But that is how gemstone goes, you mention the word merchant event and people get batty and think they'll need millions for some uber thing.

I have a feeling alot of people are going to complain about the Spitfire when it does come...And I agree, alot of people I've never heard of before tossing around large coins. It makes me sad :(

[Tumbadoo]

Also to be consider is your reputation. 6 months from now silver will be back to $7 per. If I'm in the market then I'll buy from the guy who is selling it now for 7$, not the guy selling now for $9. That's not to say the guy selling it for $9 now is wrong for doing so. You can ask what ever you want, I got no issue with that. But I think as a merchant you have to look at the big picture, not just the now picture.

Having said that, buy all your coins from Allen. He is a good guy, reliable and i've always found him to be trustworthy.

[Buckwheet]

I think there is a shortage because some of the items coming out may very well never move again.

So people are having to decide pay now with cash for coins or risk never getting some of their dream items.

You can only nab up so many 100m items before you start to run low. It also could be an issue of so much stuff coming out that friends you used to be able to borrow 1-200m from are tapped themselves.

Either way there is a hoarding/shortage going on, and I can tell you I am sitting on a pile of coins for no other reason than nothing in droughtmans has been released that I want.

That doesn't mean I am going to drop 200m into the market and risk loosing the opportunity to buy a item if it is released between now and the end of the event.

[Fallen]

I think there is a shortage because some of the items coming out may very well never move again.

So people are having to decide pay now with cash for coins or risk never getting some of their dream items.

You can only nab up so many 100m items before you start to run low. It also could be an issue of so much stuff coming out that friends you used to be able to borrow 1-200m from are tapped themselves.

Either way there is a hoarding/shortage going on, and I can tell you I am sitting on a pile of coins for no other reason than nothing in droughtmans has been released that I want.

That doesn't mean I am going to drop 200m into the market and risk loosing the opportunity to buy a item if it is released between now and the end of the event.

Indeed. Once Droughtman's is over, expect the coin market to be flooded, especially from all the ill-gotten gambling winnings.

[DCSL]

And I agree, alot of people I've never heard of before tossing around large coins. It makes me sad :(

That sounds wildly retarded. Oh noes, people you don't know are rich! SO SAD.

[Gelston]

I blame it all on hoarding, personally.

[No Gnomes Is Good News]

That sounds wildly retarded. Oh noes, people you don't know are rich! SO SAD.

It's sarcasm, shoulda put the italics in there for you then.

I'm far from rich, but I have enough coins to be happy with and I know people are richer, nor do I care for the most part since I have no urge to need any items that have come out from the maze and so on.

If i have to use plain old 4x crap, so be it. Granted I don't, I am just a bit old school in knowing I can get by without the need of nice gear

[allen]

I am just a bit old school in knowing I can get by without the need of nice gear

You sir are unique then

[Asha]

100m+ in the bank isn't that wild.
I'd say there are more people now with 200m - 300m+ in their bank.
Either that or no one really showed their cards before this event.

[WRoss]

The problem with the crash in silver value last year was that four people sold out over 300m each at the same time. That really crashed the value. I also noticed that earlier this year, there were four or five people selling 100m+ when there wasn't a demand for silvers. There is a large demand for silvers now because there are many mid range items (10-50m) that people are looking to get. I expect the value of silvers to keep climbing because items and silvers are getting shuffled around and there are very few large sources of silver left to sell. I'm sure there are a few people with 200m+, but not nearly as many as there used to be.

[No Gnomes Is Good News]

You sir are unique then

Probably. Likely stemmed from playing plat back in the day and having to rely on herbs and everything else to stay alive.

I felt like I was the Macgyver of Gemstone haha