Gold prices continue to drop

[OldManWalkin]

Has anyone worked out how long it takes for gold prices to go back up, currently sitting at $41.60 and still dropping i am 4 days into claim so how many days before prices go up?

[spitalen88]

In my experience it goes down til about mid summer, then slowly rises until permafrost. Not 100% shure thou.

[OldManWalkin]

Thnx thats a start atleast

[Explore]

Wouldn't it be better if it were completely random (within limits)? BTW I don't have the game, I'm thinking about getting.

[JackknifeRacing]

It makes sense economically, in the mining season more gold available to sell so a lower price as the season comes to an end / winter gold isn't mine able so supply doesn't meet demand hence a higher price

[Part_Time_Wolf]

Originally posted by Jackknife:

It makes sense economically, in the mining season more gold available to sell so a lower price as the season comes to an end / winter gold isn't mine able so supply doesn't meet demand hence a higher price

Yup it's simple supply and demand

[hawlk2004]

$41 i rarley sell if its at $1100

[Explore]

Originally posted by Jackknife:

It makes sense economically, in the mining season more gold available to sell so a lower price as the season comes to an end / winter gold isn't mine able so supply doesn't meet demand hence a higher price

I decided to look at this myself by going through graphs of gold prices month by month over a few years - there is no repeating pattern over the year. Some do argue that there are "seasonal" differences in prices, but how prices go month by month on average goes something like this:

January - High
February - Very low
March - Low
April - High
May - Low
June - Low
July - High
August - Very high
September - Very high
October - Low
November - Very high
December - Low

..but you'll probably find there will never be a year that works exactly in this fashion, because this is just based on averages. In reality, you cannot predict gold prices in this manner, and it's definitely not connected to the weather.

[Merck]

Explore - I wonder if you have factored in your own selling of gold to affect the gold prices. Since this is basically a "closed" market, & you (the player) are the only source of gold added to the market. So If you were to 'horde' your gold & sell at the highest price. Then, it might very well drop the gold prices for a while. But if you sell a little bit of gold here & there over time, then the fuctuations might not be as pronounced???

So even though there is a 'seasonal' fuctuation of the gold prices. Such as no gold sold during winter when not able to gather gold, then the corresponding prices would likely rise over time until the next 'gold season', & coresponding increase of mining going on once again.

Thus, the gold 'market', is very likely affected by a multitude of factors such as weather, players gold selling practices, etc..

[Explore]

Originally posted by Merck:

Explore - I wonder if you have factored in your own selling of gold to affect the gold prices. Since this is basically a "closed" market, & you (the player) are the only source of gold added to the market. So If you were to 'horde' your gold & sell at the highest price. Then, it might very well drop the gold prices for a while. But if you sell a little bit of gold here & there over time, then the fuctuations might not be as pronounced???

So even though there is a 'seasonal' fuctuation of the gold prices. Such as no gold sold during winter when not able to gather gold, then the corresponding prices would likely rise over time until the next 'gold season', & coresponding increase of mining going on once again.

Thus, the gold 'market', is very likely affected by a multitude of factors such as weather, players gold selling practices, etc..

Another imaginative explanation, but that's not how the real world works - nobody would choose to sell to this closed market if the prices were worse, or vice versa, and if the fluctuations were so predictable it would be too easy to exploit.

Don't anyone take this personally, and it's not confined to this game either, but it's irritating when you ask the question "Is this realistic", and you get replies that show how it would be realistic if the real world were completely different.

[Shaunsters]

im 7 days till winter, i dont have a complete graph but i have noticed that some items ive been watching in the store have gone down sense the season started.

kinda makes sense, start the season with high prices low prices on gold.

As the season goes on prices for gold goes up while prices on machines goes down.

end of season being optimal

[SavageOutlaw17]

How do you look at this gold graph in the game?

[spitalen88]

Originally posted by Truck Maniac 18:

How do you look at this gold graph in the game?

go to bank in the city or on the tablet and look at stock :)

[Merck]

Originally posted by Explore:

Another imaginative explanation, but that's not how the real world works - nobody would choose to sell to this closed market if the prices were worse, or vice versa, and if the fluctuations were so predictable it would be too easy to exploit.

Not exactly what I was saying. I was stating that you would likely sell you gold at the "very high" price ranges/times. August, September, & November in your listing above. So if you then sold your gold at one of these times, then I would expect that chart to change after your selling the gold. Pushing the gold prices down for a time.

My useage of the term "closed system" was due to the factor that we the player are the only source of gold selling going on in a single-player game. So yes this system is far from realistic, since there is a very limited set of factors influencing the gold prices.

Conclussion is that the chart will have a very limited changes according to whatever 'factors' that the developers programmed in to it. But I would still assume that the biggest factor may be our selling of gold, as we are the only source of gold in the game.

[Ruges]

Time of Year makes sense for a supply and demand system where prices go up during the winter when no gold is being mined in Alaaka. Until you think on a gobal scale. When its winter in alaska its summer in South America, South Africa, Austrailia.

[[ Col ] Chamberlain]

Originally posted by Ruges:

Time of Year makes sense for a supply and demand system where prices go up during the winter when no gold is being mined in Alaaka. Until you think on a gobal scale. When its winter in alaska its summer in South America, South Africa, Austrailia.

Yehr, we need other World Places for digging when in Alaska is Winter. I hope for a second Part of this Game and maybe, with the Quality like Farming Simulator. And it was nice, when we can buy other ( better ) Pickups and not only this old crap.