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conspiracy among gillsellers. "Inflate prices
Just for accuracy sake I just want to point out to everyone that in nearly all cases the huge price spikes are not initiated by gillsellers selling the item at a high price, but by greedy legitimate players hoping to capitalize off of a gillbuyer who is not really concerned with what the item he wants costs. By and large, if you look at the AH histories, gillsellers are willing to sell their items for the history price (not a jacked up price) because their motivation is selling the item as fast as possible. They certainly don't want to lose money, but they don't seem to have an interest in risking their item sitting on AH for 3 days and not sell because they are just going to be getting more of the item anyway and will need the AH space to sell it.
Really, as far as raised prices are concerned that's gillbuyers more than gillsellers. Gillsellers selling gil to a internet company who will resell it to the public are removing gil from the economy and gillbuyers buying from that company put the gill back in circulation.
Basically Gillsellers can be perceived as causing deflation and gillbuyers causing inflation.
If people stopped buying gil then all of the gil owned by those internet companies selling it would remain out there in no man's land effectively removed from the economy causing massive DEFLATION.
But would this really help or hurt the average gamer? Not really. Prices on items you want would drop... But so would prices on items you want to sell... The exception would be if you are sitting on a massive amount of gil. In this case you would benefit. If you are sitting on a massive amount of valuable items you would really be hurt more. I have always felt that a steady reasonable amount of inflation was a harmless thing, mostly people's in game assets are in the form of their nice items and not so much in millions of gill stashed under their Mohagony Bed in the Mog House. As the reasonable inflation caused prices to rise on an item they intended to buy, so would the price of the item the player would sell to afford said item. The people hurt by inflation would be people hording their gil.
Lately however we are not experiecing a "steady and reasonable" inflation. Over the past weekend I was looking at a pair of Ochidos Kote I might buy and they were around 5-8 million. I originally bought a pair about 2 years ago for around 300k. There was really nothing harmful about that inflation that I could see, because 2 years is an eternity in a MMORPG. Well since I was moving irl I didn't get back on ffxi till thursday night, and went to go check the price on those kote... 13 million. That's just not healthy. That particular item had gone up more (in gil not %) in those 4 days than it had gone up in 2 years.
Inflation at the current speed means that if you have gil on you at all then really your losing gil.
Btw who is (potentially)the biggest loser in such rapid inflation?
IGE or any gillselling site.
Of course that's really based on the asssumption that they have gil overhead and they sit on it a few days before getting a buyer (I'm not sure how fast gil is really bought and sold)
Of course the way they would be hurt the most is if gillbuying stopped. I'd much rather see that.