Virtual Economy In The World of Warcraft

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World of Warcraft is a popular multiplayer computer game in which you go around killing dragons and pretending you're a wizard in a fantasy game land. World of Warcraft is one of those games that has an ongoing virtual universe built around it for its players. In the life of your fantasy character you will need to make money to buy weapons and armor and things you'll need to survive and win the game. One of the ways you can get money is through "farming" for gold.

Farming isn't quite as fun as duelling or casting spells and all that; it's really quite a time-consuming task, but if done right can be very profitable.

Gold and other items are transferrable from one player to another player. You could do alot of work to get some loot and then give it...or better yet sell it, for real money, to a lazy player who just wants to have more toys for his character.

Now the amount of money someone will be willing to pay for this virtual gold isn't gonna be worth your time and effort. You will be better off working at White Castle than pulling shifts on Warcraft, so the farmer-for-hire thing hasn't taken off in American suburbia.

But there are some industrious entrepeneurs that are making a few calculations and learned a very valuable fact. The amount an American kid is willing to pay for this imaginary gold is well worth the time of a Chinese peasant. So the Warcraft sweatshop was thus born.

As you are reading this, there are literally rooms of rural Chinese sitting at computer terminals, farming computer gold in 12-hour shifts (each character has 2 people working it 24 hours a day), carefully staying out of the watchfull view of the game's administrators, and trying not to bother the real players as they collect their gold. Real farming on planet earth won't provide them with the $150 (equivalent) check they recieve a month for doing Warcraft farming.

That comes to 42 cents an hour, and thats low enough so that the white middle aged man can make a sweet profit when he then resells these "goods" to his playing customers over here.

This process is the same as the clothing manufacture, and a million other tangible items. And you know what happens when a flood of cheap foreign goods suddenly becomes available on the market? The value of the products plummet to almost nothing.

In the game World of Warcraft, it's the currency itself that's being overproduced, not just any paticular product. This means it'll take more units of that currency to exchange for any product in the game. Inflation. The price of everything goes up. Everything you worked so hard to save suddenly becomes so much less.

The World of Warcraft economy appears to be on the lip of this plunge and administrators are taking steps to try and curb its inflation. When they find a career farmer, they will ban that character. Now the farming company has to re-buy the game and set up a brand new account. This makes the process of creating these goods overseas more expensive, and functions similar to a tariff (which is a protective tax).

With these tariffs, the price of overseas goods rises, and it becomes more worth the time of Americans to well farm their own gold.

There are ways of getting around this barrier though. One of them is through the black market. Another way is to increase productivity per dollar on the supply side. When a farmer was getting $150 a month (42 cents/hour), but now he will only get $100 and will have to work 14 hour shifts, to counteract the effect of the tariff.

However it happens, water will find its way to the ocean, and cheap foreign goods will find their way to the American market you can bet on that. If it gets really out of control then gold, and anything that can be produced through time and effort--anything that's not finite in amount will then become worthless, and trade will occur among things that are finite, or require a much greater skill to acquire or everyone will turn off the game and just read a book. I'd say don't hold your breath on that one.

If that happens, it'll be just like a factory shutting down. It'll put a bunch of rural Chinese out of work all at once.

There is a balance, which in the real world, the Treasury, and the Federal Reserve, and a bunch of International Organizations try to maintain on our behalf. And by maintain, I mean getting as much cheap shit for themselves as possible without throwing the system completely out of whack.

What lies ahead for the Warcraft economy? Let's keep watching it in the near future.

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Thing To Check Before You Buy Any Gold From Online Sellers

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Players buying gold for the game World of Warcraft has become so popular in the last year or so. With over 9 million players and still growing each day, gold farming has become a multi-million dollar business that is not going away anytime soon.

Here are some tips to help you find a good gold seller for you based on your needs,

Always check the sellers PayPal account:

When you are buying items through PayPal, just before you purchase, you get to see the sellers rating and how many verified customers they have actually sold to. This will tell you if the seller is big or not. While there are some small gold sellers who are legitimate, it is typically to your advantage to go with an already established seller. At least then you know they'll deliver your gold on time. There are just way too many scam merchants around for it to be worth the risk.

Always do some research on the seller's domain:

It is possible to see how long a domain has been registered online, as well as the owner and his address (unless the domain is guarded). If the domain has been registered for somne time, then the seller is more likely to be an legitimate gold seller. You could also see older versions of their site at archive.org

Read jsut what other people are saying about the seller:

You should always do a Google search on the company's name if you want to find out more about them. Also, try to read reviews of what other websites have to say about them and their selling practices. You can also check world of warcraft forums as well if you still want more information on the seller. Maybe someone has used them in the past.

Find out if their customer service is any good:

Always check out their customer support before buying anyhing. Just send them an email about anything, or talk to a sales representative with live chat if they have that option. Then if they respond quickly, they could possably be a good seller who is worth dealing with.


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Read This Now If You Want More Gold In World of Warcraft !

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The World of Warcraft game that you need much more gold is an addiction for many of its players, but just as many people it is also brand new and still a mystery. If you decide to give this game a try, you will get hooked. One of the main things you do in World of Warcraft is to gather as much gold as you can. Some of you are thinking, why do I need gold? Also what do I do once I have the much needed more gold? Read on to learn more why you need more gold in the world of warcraft game.

So just why do you need more gold in this game? You could look at it as if warcraft was just like the real world. If you had no money, what would you do? You probably would'nt do much of anything. Well in the game world of warcraft, you need as much gold as you can get to barter and do basically anything else in the game. So if you have no gold, you then have nothing. And just as in the real world, you want the highest paying job as possible (meaning you need as much gold as possible more than anyone else).

Now that you know why you need much more gold, what are you going to do with this knowledge? You could use it to move up in the game, essentially. You could pay your trainer in order to get better in the game world of warcraft. Or you can use the needed much more gold to barter with your other players. If you can improve yourself in the game of world of warcraft, you can overcome your opponents. And winning is the name of the game. So get as much more needed gold as you can!

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Secrets of World of Warcraft Gold Farming

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Gold farming in world of warcraft is one of the more difficult aspects in the game of WoW and is always a little hard to have to fall back to gold farming to be capable to acquire your own mount, or an exceptional enchant!

Whenever you know how farm gold in world of waracraft the right way you'll then feel that you will come to love the game so much more! I'm going to tell you a couple of the best places in the game of world of warcraft for gold farming so you can then stop troubling about being stone-broke all the time!

This is a quick list of some of the spots that are the better for world of warcraft gold farming:


Azshara – there are a couple of ways you can do this one if you don't want to involve dangers and are quite pleased doing hours of world of warcraft gold farming you ought to belt down as many blood elves here as you can find. They will cast off cash and rune cloth that you can always trade at the auctioneer house or a seller for a respectable profit.

If you do not mind accepting danger in world of warcraft gold farming then you can grind demons as they will cast off more gold then the elves will only they are more difficult to defeat. Some of these monsters are the better in the game and cast off epic items from time to time making more gold for you in world of warcraft!

Next point is also beneficial in world of warcraft gold farming is at the Eastern Plaguelands. Here you will find undercroft and a great deal of zombies for world of warcraft gold farming and they are not that tough and besides they drop a fair amount of uncommon items and gold.

An effective place also for gold farming in world of warcraft is at Dire Maul Tribute. There you will in all likelihood need a group with you for this one because it's really tough to beat alone. You could always discover guides on the internet for doing tribute runs in DM. You should not have any troulbe if there's a group of you and will find that it is a first-class world of warcraft gold farming area!

Another good gold farming spot in world of warcraft is at Stratholme. This one you'll need a group also to conquer. The most beneficial thing is if you have a group this could can be done in about half an hour and you all could make lots of gold there for yourselves.

The final world of warcraft gold farming spot is Uldaman. For this one you will need to be able to disenchant the items you collect. Head into Uldamann then make your way to Dig Three. Once your there you should discover Galgann Firehammer. Just defeat him and he will cast off a few items you can disenchant easy making for more gold in world of warcraft gold hunting!

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