Originally posted by Emelio Lizardo:

Seems it will be a long while until I have the skills to play with them that way.

What is all that coin and jewelry good for? I can't find the buyer.

There are 10 locations on the map for a merchant to spawn. When you come across the first one on your seed then that becomes your spawn for him on your seed and the other ones just disappear.

The merchant is always in a black forest, rarely on the starting island. He will sell you a few ingredients you need for good items to make in the game along with a belt that increases carry capacity and other things. That is who you spend the gold on.

When you get close enough a bag icon will appear on your map.