Lindens at 308 per U.S. Dollar --- Who's the Idiot?

He can just as easily give advice to hold for more as you can to get out while you can.

It looks to me it would be wise to hold for a while and sell when it gets back into the 280s which it looks like it headed that way. Don't listen to some who think that it will go back up into the 300s again otherwise you'll lose money. Given what supply and demand is now, it will go back into the 280s easily.

260even 250.

yer playin the price is right and you lost, someone else could just as easily sell at 309, as 303 if you set it 302... its a bone headed move, unless you have somethin to gain by lowerin the linden's value, which is generally what the people involved in doin that *EVERY DAY* do, despite what they say about 'selling faster'

Ok how about this little idea I have been kicking around for a while.

What if the major Linden sellers formed a coalition to control the exchange rate? There are a number of major merchants who I am pretty sure provide the majority of lindens for sale. If they all banded together and agreed not to sell their lindens for anything more than, say 250 lindens to the dollar, then the exchange rate would go down. Sure, there would always be the "small guys" who sell at a higher rate, but the volume they would be offering wouldn't be enough to have that big an effect.

The members of the coalition would all benefit by banding together, and the "small guys" would benefit from the favourable changes in the exchange rate as well.

I just wonder what the Lindens would have to say about that.

Maybe the Coalition can take on the name:
National Socialist German Workers Party


Band together, control markets with fixed pricing
to try and create an artifical price dictated by the few.
Good thinking Vares... Maybe the same could apply to
new land sales.. Somebody with deep pockets wins every
new land sale auction and puts up new land for L$50/m2.
That'll boost land sales..

Calling people that disagree with you NAZI's(for those who don't know what RBD said) unacceptable - reported.

I believe you are mistaken. I used no such word and
you are seeing words that do not exist.

I'll let the mods decide that but I think a Sus scrofa by any other name is still a Sus scrofa. No?

For all the work you do, you should get a job policing the forums.

There is an old Chinese proverb that says:

Begin to dig a well only when one feels thirsty.

Figure out the meaning and you will have bettered yourself.

sorry i just need to comment, we're treating this like the stock market. no point their just kinda funny, buy low sell high!

Nonsense.

I was thinking more along the lines of OPEC, or the diamond cartels in South Africa. Obviously the price of lindens has to be such that people will buy them. If the Consortium set their exchange rate too low, no one would buy lindens and therefore no one would buy their products and therefore they would not have lindens to sell.

It would be a vested self interest of said Consortium to set the price that they sell their lindens at to a level that the market will tolerate. At which point everyone would benefit. Sellers would be able to plan their economic future based on a stable exchange rate. Buyers would also easily be able to plan future purchases, knowing roughly how much those purchases would cost. This is the sole reason the commodities market was created in real life.

Historically it's been shown that an exchange rate of around 240 to 250 lindens to the US $ is an acceptable level. When I first started coming into second life that is what the rate was, and plenty of people bought lindens, so I used it in my example as what seemed like a reasonable level.

Think in terms of a farmer’s co-op. Small producers band together to get a FAIR price for their product. Stress the word FAIR. There are too many suppliers for them to directly control the price of this product, but they CAN influence it so that they are not forced to sell at a loss. (Which is what makes your land purchase idea unworkable. Although Anshe Chung HAS had an influence on the general price of land in SL, she doesn’t directly control that price.)

Last time I checked, it was called a free market. Ultimately, supply and demand will dictate what the price of lindens will be. Since no one person, or group, can totally control the linden supply, no single entity can dictate the price.

This is all basic economics, and frankly I am surprised that the major merchants in SL haven't tried this already, given the enormous economic and business benefits it would bring to them.

Hhhmmmm....maybe I should IM a few and see if I can't set up a meeting (insert Dr. Evil laugh here)