#16 - March 20, 2014, 1:20 p.m.
Well…thats basically a “never use this place again.”
Seriously this is insane, the only salvage you can get from this thing is a copper ore, and the item itself is the single most common salvage item I have gotten in this game(I’ve been to four started areas now,) how an item can be worth three times the cost of what you get from salvaging it is beyond me.
But yeah, I am not going to use a system where I am forced to sell for some insane overinflated BS price just because, thats both a terrible economy, and something I don’t plan on participating in.
Hey Videogamermike, not sure if you know me, but I’m John Smith and I’m the Economist here at Guild Wars 2. I think I may be able to explain some of your confusion.
It sounds like what you’re thinking about is the Labor Theory of Value, which is essentially an item’s value is defined by how long it takes to make or get. This is not an invalid theory, but it usually only holds up when the item in question doesn’t have substitutes or alternatives. In GW2, many of the items can be converted into another item and many of the items have multiple conversion into themselves. This means that there a many alternative ways to obtain a single item. This means that the value of all these items will be determined by the market, not by the value of labor since there isn’t a single value of labor involved.
