Your point is incorrect. In stating that "...people will sell less
credits when the price goes up because...they don't need to sell off
that many credits to get the gold they need," you assume that sellers
are entering their credits into the market specifically to purchase
subsistance items/goods/services. This is not true.

When buyers are willing to pay more gold for credits, as has been
pointed out, the prices increase. However, unlike your statement, the
amount of credits placed on the market does not decrease. It increases
because there is now more profit for the seller, thus more incentive to
sell. Currently, the lower end of the credit market hovers at
approximately 3750 gold. This is 150% of the cost of most city and guild
credits, which are generally considered to be priced at base for this
commodity. It does not require a mathematician to see that there is
profit to be made. Even though it is 'bad form' to buy city/guild
credits and sell them on the market, just as it is 'bad form' to sell
credits on the market and purchase city/guild credits with the proceeds,
it must be noted that both credits and sovereigns are unmarked. Who can
truly say whether or not you are doing this?

Additionally, there is the consideration of wealth. Gold is good to
have. As you can obtain more and more gold by selling credits, it
becomes an increasingly viable option for those seeking to amass large
quantities of it for whatever reason. To return to your statement
regarding sellers desiring to move credits simply to cover the costs of
living (new gear, food, inks, herbs, clothes, etc.), it should be
considered that these expenses are actually quite low. A day spent
ratting can cover nearly any 'maintenance' cost to living here, and
several will allow for 'upgrades'. Once you are able to bash and quest
for gold more productively than merely ratting, the temptation to sell
credits for mutton decreases even more.









Penned by my hand on the 15th of Daedalan, in the year 343 AF.