i found this thread to be hilarious. a lot of people seem to have a lot of misconceptions about economics
a good's value and price is based on its supply and demand. whatever elvenar says it's worth, doesn't matter. elvenar doesn't trade goods among players. it's the players that offer and accept goods that determine the supply and demand of those goods and therefore, the actual value of goods. elvenar just set meaningless guidelines that several of you seem concerned w/ because you have goofy fair trading only policies that are based on elvenar's meaningless guidelines.
surely, those of you who complained about the dumb 4 to 1 ratio understand how meaningless those guidelines were. they probably only took into account gold and supplies used for production and not the cost of land and people used. even if they did take all of those factors into account, production costs have very little to do w/ a good's value. if a manufacturer pays more for labor or the price of their factory than a competitor, does that make their good more valuable than an identical good made by a manufacturer that uses less expensive labor? no.
it made no sense to abide by elvenar's given standard of valuing goods in the 1st place. even though elvenar's new standard for valuing goods is probably more accurate than its previous standard, it doesn't make sense to strictly follow that standard either. it's you the players that determine a good's value based on your needs and supply collectively as a society. be smart and determine a good's value based on your own needs and how easily you can produce or trade for whichever good you are trying to value.
btw, when i stopped playing last fall, i felt that 2 for 1 was pretty fair for T2 for T3. T1 for T2 is a lot harder for me to guess because my 2 cities had different levels of supply and demand for those goods and i didn't trade them in large volumes like i did T3 for T2. but i'd guess 3 to 1 or maybe up to 4 to 1 is fair for T1 for T2 because the supply of T2 is often the lowest in relation to its demand and the supply of T1 and T3. also, the newest chapter upgraded T1 factories, increasing the supply and lowering the value of T1. to me, it seems foolish to have a consistent exchange rate in a world where supply and demand change often, especially when it comes to dust being valuable during a scroll tourney and going down in value when the silk tourney starts but that's pretty much a different subject. the value and supply of T2 will change again when the next new chapter comes out but elvenar probably won't adjust their guidelines on exchange rates a 3rd time when that happens.
I'M GOING TO RETIRE FROM THIS GAME SOON. i had a lotta fun but it's old to me now and i'm gonna move on to other things. some of you might be happy to hear that
before i do, i wanna share something w/ you i almost felt was a well kept secret that i kept within my fellowships. i'm also gonna sound full of myself but before i quit this game, i am very curious if any other player on this server ever made 300k in T3 NET profits just from trading T3 for T3 in a 24 hour period? honestly, i did that on 2 separate occasions
i'll bet most of my oldest fellows won't doubt this claim either. i often made over 100k in T3 from trading on tuesdays and fridays and saturdays when goods that were highly demanded were tournament goods and i sold near a million of them in a single day. for a few years, i was always curious if any other player did this because, so far, i haven't met anyone who has even heard of another player that was trading as efficiently as i was. i was able to do this by exploiting many players' misconceptions about economics, the weaknesses of fair trading only policies, re-investing profits, and the very predictable changes in supply and demand due to tournaments.
i feel like that last paragraph DOES RELATE TO THE CHANGES IN VALUING GOODS. now that i'm starting to get off topic, i'm going to continue this subject in the lounge if anyone is interested. i am very interested to hear from anyone who traded similarly to the way i did or wants to discuss the ethics of trading this way.