This discussion has veered so far off it's rail that it's fallen into a rabbit hole. Listen to this:
New players have no gold. How could a gold squish possibly hinder them? Not even the slightest pretence of usefulness or logic. Here I was thinking that we could get some sensible advice on reacting to the gold squish. Well, to be fair, we did. Well, I did, at least. What was it, you ask? Glad to share.
1. Spend as much gold as you can on items whose prices will not change. For example, I bought flying for all my characters, the 3 person mount, learned my prof recipes, bought Portable Holes, etc.
2. With your extra gold stock up on commodities that are commonly used and have moderate resell value eg: glyphs, feasts, herbs etc. If you can corner the market on these items, you can potentially make a huge profit within the first three or so days after the gold squish.
3. You do not have to spend all your gold. After the first three days or so, the 1000 gold you will have then will have (approximately) the same buying power as the 2000G you have now because PRICES WILL GO DOWN. This will happen because people will have less gold and so will be less willing to buy items at the same "ridiculous" prices for which they were being sold before the squish. (See the rowboat and apple example)
I hope this helps. See you in game guys and thanks to those who were trying to be helpful to the community. Till we meet again.
- Skaar