price of gold went up?

[Diabloguy69]

I laugh at the euro nerds that are getting things in order to farm USA. USA gold price is .38 per million and once it hits .25 it would be less than .25 euros... oh the irony and stupidity.

 

[Eisenberg]

the gold buyers are dumb, but not THAT dumb...
Trust me, for the normal gold buyer it does not matter if the gold is 29 cent or 39 cent...

Only he will buy less gold if he has to pay 0.39 no 0.29, and while gold amount on the market is steadily increasing, it will become harder for each seller to sell entire his own stock, genius.

 

[IGG]

Dbuddy, I'm truly scared of your stupidity.

Imagine DB forum with 20-50 members who run 15-20 bots and after that imagine fkn chinese farms with HUNDREDS of bots farming gold 24\7 in your region. You want to fight them? How many bots do you run? Do you know the true gold sales numbers to know what % of gold do you produce to influence the gold prices? I think you have to produce at least 50% of your region gold to influence the price and even then you will have to undercut your profits by ALOT because you'll need to stop selling gold to affect the price

 

[qwerq]

the gold buyers are dumb, but not THAT dumb...

i never said it is possible to raise the gold price to the level it was in Mai/June 2012...
why is everyone trying to twist my words? to look "cool" in forums?

Trust me, for the normal gold buyer it does not matter if the gold is 29 cent or 39 cent...



@Elmo: instead of flaming around like a 10year old boy you could even "try" to collect any argumentation, but i guess thats too much afford?

Just stop it and face the fact that you are wrong. YOU DONT UNDERSTAND HOW A MARKET WORKS. Learn it or gtfo of this thread cause you are just making a fool of yourself. I'm not trying to twist your words, you said it yourself: "it will definitely be sold. and it HAS already been sold at such prices a few months ago ;D". I just took your incredibly stupid sentence and made it even MORE stupid so you might understand it. But no, you keep on being clueless.

You have got one thing straight and it's this: "Trust me, for the normal gold buyer it does not matter if the gold is 29 cent or 39 cent...". That IS true, but that doesent mean that you understand the consequences of that statement. I will try and explain it for you. The average gold buyer does not care about the gold price, what he is concerned about is how much money he wants to spend on gold. So a price of 39 cents instead of 29 will make him spend the same amount of money, but get less gold for it. When they buy less gold, we won't be able to sell it all.

 

[harleystcool]

the average worker in china makes shit compared to the us, they work long terrible hours and they can get cheap electronics, they have to the drive and the materials to run 100 plus bots, why the hell are you guys (a few ppl) whining about everyone undercutting everyone, we should be undercutting and trying to get as much as we can cause our numbers prob don't make a dent to the actual king pins someone in china, or even in another country where the dollar goes far there

 

[Dbuddy]

Dbuddy, I'm truly scared of your stupidity.

Imagine DB forum with 20-50 members who run 15-20 bots and after that imagine fkn chinese farms with HUNDREDS of bots farming gold 24\7 in your region. You want to fight them?

Ask Tony how many customers/sales Demonbuddy got ....
20-50 members? are you kidding me?

Demonbuddy Users are a big player in the gold-business. Believe me or not.
If you want to keep everything small and on low profit it's ok - but no reason to insult me.

I agree when it comes to the point "forum activity" - this is a huge problem. But nothing that cannot be solved with some action...

@qwerq: only few people buy gold with a special limit, like 20€ or something like this.
most people will relate the amount to the item(s) they want to buy and gladly accept if it's 1 or 2 € more...
what's the sense of buying just 9,5M gold when i need 10M for Item XY? Just to regard the limit on mommys credit card? the customers brain doesn't work this way.

 

[smurg]

the average worker in china makes shit compared to the us, they work long terrible hours and they can get cheap electronics, they have to the drive and the materials to run 100 plus bots, why the hell are you guys (a few ppl) whining about everyone undercutting everyone, we should be undercutting and trying to get as much as we can cause our numbers prob don't make a dent to the actual king pins someone in china, or even in another country where the dollar goes far there

I don't think it's the average chinamen botting.

It's more of operations like WoW farming, internet cafe's with open PCs, backrooms, etc. People with money running these things.

 

[qwerq]

Ask Tony how many customers/sales Demonbuddy got ....
20-50 members? are you kidding me?

Demonbuddy Users are a big player in the gold-business. Believe me or not.
If you want to keep everything small and on low profit it's ok - but no reason to insult me.

I agree when it comes to the point "forum activity" - this is a huge problem. But nothing that cannot be solved with some action...

@qwerq: only few people buy gold with a special limit, like 20€ or something like this.
most people will relate the amount to the item(s) they want to buy and gladly accept if it's 1 or 2 € more...
what's the sense of buying just 9,5M gold when i need 10M for Item XY? Just to regard the limit on mommys credit card? the customers brain doesn't work this way.

This will be my last contribution to this thread, you simply will not listen to what I have to say and just continue to live in your dream world no matter what people say. So, it's basically a waste of my time.

EVERYONE that buy stuff first of all consider its price, its just basic economic theory (I'm currently well on my way to a master in economics). They might not set up a EXACT limit on what to buy but the price is the first and most important thing people consider when they buy stuff.

With the way you are thinking everyone would just simply buy the best item available at AH. Cause what does it matter if its more expensive? Nobody cares about the price. The reason for choosing this extreme example is to try and make you understand that almost everyone puts a limit on how much they are going to spend. It might not be EXACTLY 20€, but it might be within, say, 10-30€. (The ones who don't are either stupid as fuck, borrowing money that they can't repay or so rich they don't have to care).

The fact is that this is EXACTLY how consumers brains work, atleast it is how economic and marketing theory thinks the brain works. But hey, you might be well on your way to the Nobel price with your theories!