So all the gold making bloggers, all the hardy goblins hard at work making gold, heck even all the farmers out there, who are we and what is our role in the economy of World of Warcraft? The answer to this question is a very simple answer, yet so complicated as well. We are the life lines of the whole economy.
What was the reason behind this that made me think about this you might ask, well it's one of the whispers i got when i was trying to help a guy make some gold. The given whisper was that the guy/girl asked me what's the point of hoarding gold.
This made me think, and i came up with a rather weird conclusion. The reason why i, and many others like me were "hoarding" gold is simply because that is what we enjoyed in the game. Some people enjoy PvP, others enjoy raiding while we enjoy raiding the Auction House. But this was already known, so i gave it a further thought as in what effect do we have in the economy, and that is when it actually got interesting. The economy if left unchecked simply dwindles down and goes into a kind of recession. To clarify this i will use a few examples:
As a first example i will use the gathering markets. These markets will have their prices totally decimated to the point of getting to be at 5-10g per stack of herbs or ore, and even then there will be almost no demand because 95% of the raw materials are bought out by people that are gold hoarders, or auction house junkies. Another market that i noticed that requires a constant looking after is the jewelcrafting market. This was the market that i used to make all my gold in, and i was very much into maintaining it and keeping it at a decent level. Well lately i decided to get out of it and see what is going to happen with it. The findings were quite interesting as well. In a matter of a week the prices of the gems went from a 150-195g sales down to 10-20g sales. Now i though that this might be the case due to many people switching over to using epic gems, and that they weren't buying the rares as much, and boy was i wrong. True, the epics have taken a piece of the market for rare gems, but still people use the epics only for their best gear possible and not everyone takes the step to improve to the epic ones, so they look back to the rares. What i do is nothing complicated and everyone can do it, heck i have even posted it here how i keep the prices of gems up and my favorite late night shuffle tactic.
So in a matter of a day i managed to take the prices of gems from 10-20g back up to 195g and sell quite a bit of them. Here's a hint if you choose to do this. Red, Purple and Orange gems have the biggest sale rate while the greens have really went into a deep recession so you can prioritize which gems you want to reset first.
Behold this is what you are! And no, you are not a faucet, but more of a gold sink. What this means is that if it weren't for us hoarders the amount of gold that would be in circulation would totally ruin the economy to the point where gold is worthless. Just stop and think for a second. everyone reading this has anywhere from 50k to a few million gold, because let's face it if you are reading gold making blogs that means that you are interested in making gold, and if you are doing any of the things that are mentioned here you are already in possession of quite a good amount of gold. Now with the amounts of gold that we have gathered, we have effectively taken it out of circulation, of a better part of it because we still use a small amount to fund our raw material purchases. I for one have had a few discussions on the MMO-Champion and Blizzard forums about what needs to be done to make the economy better, in terms of introducing more gold sinks. The reason why the gold sinks are important is because they make it so the players actually need to have gold to be able to buy something, or pay for their repairs or anything else for that matter, and if you loose that you will end up with a crippled economy like Diablo 2 had in it's case where gold was so abundant that it was worthless.
So as a bottom line one could come up with a conclusion that we, as gold makers and hoarders are the life line of the economy, we are the life line of the professions and last we are the life line of the game because we make is so that the economy doesn't crash and drive people away, and in return break apart guilds, PvP groups and the community in general.
So when next time someone asks you what is the point of you having all that gold, you can freely go ahead and tell him that you are doing it just so he can continue to play the game, and enjoy it with his friends.
That is all for today, and like always, keep an eye out for good opportunities out there.