My economy question (A)

[Inari No Jutsu]

As someone who hasn't been active since around 2011, I've noticed the market prices have skyrocketed (Ex. my Inari's Beads were under a mill, now they're around 20 mill.)

Can anyone explain to me what happened so I might try to understand the market economy again?

(P.S. sorry if this is a bad place for this question. It seemed like a bit of a grey area to me sweatdrop )

 

[Astra the Fae]

People claim that its because of the gold giving CIs are to blame because they make gold more available. However I dont think its the case.

The inflation is more so the cause of people overpricing their items. Because they're getting more greedy. Thats not to say inflation is a new thing. Its been here since 2010, people are just noticing now.  

[siophaooo]

but you can't deny the fact that RIG items (Random Item Generator or in this case, Gold Generators) have contributed much to the inflation of most items. These Gold Generators introduced millions, if not, billions of gold into the economy making most of "luxury" items easier to be bought. In that case, owners of these "luxury" (ancient katana, OMG, Steel-plated ninja band etc) items have overpriced said items to garner more gold. That move have initiated the inflation in the market even for those *cheap* thousand worth items crawling their prices into steady millions.  

[pig_girl]

Both are factors - if it was just people being greedy and looking for a profit, there would be no buyers except since they introduced the gold generators, there is enough gold to justify people placing prices so high (e.g. a person is willing to spend 50% of thier gold on a high priced item, pre- god generators, that number was much lower)  

[r a i n i i_d a i s]

Inari No Jutsu

The inflation is due to gold generators. Everyone here gave a good explanation of what they are and how they affect the economy, but the guild has a thread that thoroughly explains the situation:



I hope that helps!  

[Luna Azume]

It's a really heated topic, but the main cause is the gold generators causing hyper inflation coupled with the greed of some users.  

[IchigoNeko23]

gold generators and cash are the main problems  

[Charlotte Eliana Leontine]

help?  

[fuccboidotcom]

Astra the Fae

People claim that its because of the gold giving CIs are to blame because they make gold more available. However I dont think its the case.

The inflation is more so the cause of people overpricing their items. Because they're getting more greedy. Thats not to say inflation is a new thing. Its been here since 2010, people are just noticing now.

The inflation wouldn't be because of people overpricing their items- that would just make things more expensive, not literally decrease the value of gold. Things cost more now because 1g is worth less than it was say 5 years ago. That's because of the gold generators releasing more gold into the economy. the more gold there is, the less scarce it is, so the less it's worth. and when gold is worth less, prices are jacked up to compensate.