Economic Stupidity

[Rezantis]

The price on cloth has gotten insane lately and it's pretty much entirely because some -very- few people are trying to price fix.  I want to throw a spanner in their works, because I don't approve of linen going for 40 silver per stack.  It's horrifically newbie unfriendly.

The basic plan I was thinking of was (and I'm guaging interest in this outside the guild at the moment) simply everyone take a little time out to pick up 20-40 linen . . . then we all just flood the market (without buyout prices, and at varying times) at a much lower price over the course of a day or so.  

If nothing else it'll upset the market something -chronic-.  It's not going to really cost us much of anything, but then it won't gain us anything either . . . but I do think this needs to stop.  

Opinions are requested.

[Itarien]

I agree with Rez. 40s a stack of linen is ridiculous and greedy.

[Brian]

I happen to have 10 stacks of 20 linen on Shaya.

[CyMage]

I'll help out.  

Ah, the joy of fighting kobolds and such for their linen.  :)

[Huitzil]

Wait, how come no buyout prices? Or is that how the other guys are price-fixing, buy buying out lower auctions and reselling for 40s?

I am not usually anywhere near guys that drop linen, but I suppose I can make some time for the sake of economy.

[Brian]

To coordinate, since we've gots so many people doing this ... Shaya will put 10 stacks of 20 linen up for auction in IF when I get home today (expect this to be around, oh, 4:00 PM PST).

[Rezantis]

Exactly.

The price is down a bit today, but 25-30 is still ludicrous.

And these bastards are hiding behind level 4-5 alts. ;.;

[Rezantis]

Don't do it just yet; I was thinking friday or saturday . . .

. . . and I haven't recruited enough people on board yet.  If you guys are game I have ten or so.  I wants more, and I want everyone pretty much synched. :)

[Brian]

Yarr.  Belaying fire-pattern, field-commander.

Reverting to stand-by mode.

[Trunkyboy]

Imma game.  I have to mine copper anyway, I can get linen while I'm at it.

[Music-chan]

Sounds good to me. I could even do this with some of my lower-level alts if needs be.