Monday, August 6, 2012

The Market is Shrinking Your Coins

Market update for August 7th, GMT/UDT

by Nanakins

Wood is near low today, and Woven Fur is below average. Fur is around average. That said, today's mostly average prices at market need a bit of perspective.

What's it called when 1,000 coins does not buy as much today as it did 30 days ago? The technical term, my friends, is inflation. Yes, that dirty word, inflation, is at work on our very own Stone Street Market. If it continues unchecked, more and more shops will become nonviable because they spend more time losing money than they do making money for any shop keepers who are forced to buy their raw goods at market.

Rock is at 610, that's above average, but nowhere near high enough to be considered in the top 15% of prices anymore.

Stone is at 4,000. A month ago, that would have been nearly the highest price ever paid for stones (the record price was 4,090 before the July Jack-Up). 4,000 is not even in the top 30% of pricing now. It's become an utterly not noteworthy price. It still feels high to me, though! I work just as hard, for those 4,000 coins as I did a month ago.

Lumber is at 5,310, the exact median price for the past 90 days. A month ago, the median price was just under 5,000 though.

Woven fur is at 4,950, below the current 90-day median of 5,310. A month ago, that median price was over 300 coins smaller.

Here's how the prices chalk up for the next 24 hours:

Today's Market Price Board
Price per 1,000Buying Position
Rock610Above Average
Stones4,000Above Average
Wood530Very, very low
Woven Fur4,950Below Average

The Red Ink Report for the Next 24 Hour Period

The following basic stores will lose money if you purchase your resources from the market at today's prices. The number in parenthesis is how many items in the shop's stock are affected.
Sculpture Store (3)
Furniture Store (1)
Art Series Stores (3)
Tux Series Stores (3)
Hiking Store (3)
Canoe Store (3)
Fine China (2)

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