I feel this topic has not been discussed enough. I think I know the reason why. The players who understand how the gold market works
Albion Online: How the Gold Market Works and Profit
I feel this topic has not been discussed enough. I think I know the reason why. The players who understand how the gold market works and profit from it keep it to theirselves and the people who do not understand, well... they just don't care?
I must admit I do not understand all this as well as I probably should by now so instead of writing what I understand I play stupid and ask this as a set of questions :D
I hope both Players and Devs explain it to me like I was a ten year old (I wish) ;)
1) Is it true that us players ultimately decide the price of gold? If people think it is worth it to pay 500+ silver per gold that will be the market price? There is no regulation?
2) Is there any safety mechanism from a small group of players taking over the gold market and monopolising the gold value?
This needs more explanation. I see people selling 12.000+ gold at a time and buying 10.000+ worth of gold at the same time at a small margin. These guys are not your average grinders buying gold to get premium or what ever. This is playing gold market for profit. I must admit I joined in it for week or two just to see if it works. It is quite profitable.
Lets assume that after release there will be 10-30 players whose main purpose will be playing the gold market. They buy as much gold as they can in the first 2 weeks when the price is relatively low and once they feel they have enough to start playing with it they start to manipulate the market. Selling high when there is not much competition. Buying low when the need for silver is highest (land auction for example). So year after release these guys will have gathered a fair sum in gold. I would say tens of millions in gold might not be far fetched...?
3) The gold market guys will know each other after a while. What if they start co-operating and monopolising the value of gold?
With their millions of gold combined they can decide the market price at any time. Remember they are always selling at slightly higher price and buying so they would not lose much if anything. They could even decide to lower the price from 600 where it is now to 100 silver per gold for longer duration of time if they really wish. Selling and buying masses. Sure they would take a hit but think of the benefits. They could temporarily set the Premium price bought by silver to ultimate low? They could be like Robin Hoods of the playerbase and make lots of friends :D
Or Lets say one of them decides to quit Albion. He starts selling his gold at crazy cheap 1000 gold at a time. Giving it away to his friends and so on. Collapsing the market value briefly. It is game after all and selling the gold for money would get the buyer in trouble.
4) What would be a healthy gold value for a healthy playerbase?
This is the most important question. What would be in your opinion a healthy price for gold? So that active players in the community can keep their premium without paying too much? *cough*nothing*cough* assuming the silver drop rate will be the same it is now.
5) Am I delusional and there is no worries? After all, the Wallstreet has proved that these things just work, right?
My Thoughts For Albion Online
I was extremely disappointed when I noticed they were “Normal”. Come On! If I call my “Volkswagen” – “Porsche” that doesn’t make it the same quality as a real “Porsche”.
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