MazingerZ, on 04 December 2012 - 09:53 PM, said:
I'm well aware of how an economy works. You're quoting a video from March from someone who's credentials seem to be "I am a GW2 Video Caster."
You need to explain how cash->gems->gold does not add money to the economy.
Yes, it does. But there are controls in there to create the semblance of a closed system. Since wealth is generated by just killing and looting. Furthermore, wealth is generated through cash->gems-gold. So there needs to be sinks put in, otherwise inflation arises. That shows itself in the gold taxes on repairs, transportation and Trading Posts, for people who do not engage in the Gem<->Gold market. For those who participate in the Gem<->Gold market, wealth is removed in items acquired on the Gem Store (some of which assist in the generation of gold via better salvage kit RNG, boosters, etc) and inequitable conversion of Gold->Gems and Gems<-Gold.
Yes, there are systems in place to control inflation.
The issue you're sidestepping is that cash->gems->gold is a system ArenaNet actively encourages. It adds to the economy. Just because, due to ArenaNet's controls, it doesn't add to inflation really doesn't matter.
Yeah they are just random GW2 videocasters called Tales of Tyria that have been posted multiple times by Anet themselves on their facebook,...
If you understand how economics work, it shouldn't be to hard to understand how trading gems doesn't add value.
It's not like Anet lets you sell the gems to a merchant.
You buy the gems with cash, and then you sell the gems to another player.
Theoretically, if no single player would want to buy gems, prices would fall dramatically.
If I sell you 10 globs of ectoplasm, for 3g via the TP, then I will get 2g70s.
If you buy those 10 globs of ectoplasm from me via the TP for 3g, then you'll lose 3g.
Again, there is a wealth loss of 30s.
It is exactly the same with gems.
Gilles VI, on 04 December 2012 - 09:25 PM, said:
Example: (using current prices)
Player A sells 100 gems for 1g40s58c
Player B buys those 100 gems for 1g95s
This results in a net wealth loss of 54s42c.
Edited by Gilles VI, 04 December 2012 - 10:00 PM.