Originally Posted by
Fleugen
If gold isn't being spent, it's not part of the economy at this moment.
If that gold is then spent, it is now part of the economy.
It doesn't need to generate gold to make changes towards inflation. It just needs to inject it into the economy. I mean hell, if I did a carry run and just held the gold with no intention of spending it, I'm effectively removing that gold from the equation just as much as someone is adding it by spending it after hoarding it for a long time.
Ex.: If I logged in today, and bought the entire supply of raid potions out, you'd suddenly see the price of potions go up. I didn't generate gold, but I directly influenced the economy by injecting a sum of gold I generated a very long time ago. Alternatively, the price of potions didn't really move when I first earned that gold, since it just sat on my character never moving.
This is effectively what happens when someone buys a token for gold. Someone who has plenty of gold has just given it to someone who bought a token with money to make gold. Presumably, if someone is spending real money for gold, they intend to spend it - So that gold is then spent on goods which it otherwise would not have been spent on. Now those goods at that price are no longer available, and the next lowest price is all that's available - Which is higher than the previous price. Thus, inflating the price.