Question regarding the actual Gold\Gems status

[west79]

Hello, everyone I am a little confused. First of all I don't use bots but I found the discussions here most interesting.

I just AH flip and until mid February I was able to sell my gold in EU for 0.25 (last transaction was 1 piece of 500m all together).

Now I'm sitting with some billions without no one buying them and as far as I understand it is because the actual price of gems in RMAH is so low and people can actually buy them for 1.31 euro (ATM) and then resell them for around 28-30m in the GAH.

One thing I don't understand is why then the prices of gems in GAH aren't going down. Shouldn't it be a natural consequence? If their actual price will decrease, for people it won't make difference if buy gems instead of gold in RMAH.

Can someone enlighten me? Do we have any hope?

 

[Eisenberg]

Hello, everyone I am a little confused. First of all I don't use bots but I found the discussions here most interesting.

I just AH flip and until mid February I was able to sell my gold in EU for 0.25 (last transaction was 1 piece of 500m all together).

Now I'm sitting with some billions without no one buying them and as far as I understand it is because the actual price of gems in RMAH is so low and people can actually buy them for 1.31 euro (ATM) and then resell them for around 28-30m in the GAH.

One thing I don't understand is why then the prices of gems in GAH aren't going down. Shouldn't it be a natural consequence? If their actual price will decrease, for people it won't make difference if buy gems instead of gold in RMAH.

Can someone enlighten me? Do we have any hope?

There is no hope for gold market, because tens if not hundred of thousands chineese bots are flooding market with billions of gold each minute. Seems that there was a banwave 2 weeks ago when gem prices rised a bit and floated at 1.9 Eur for few days, but now they are dropping again 10 cents per day becasue chineese are cashing their botted gold via gems again. As with diablo 2, the future of this game is barter or rmah transactions with exceptional items.

 

[skmoonlight]

Hello, everyone I am a little confused. First of all I don't use bots but I found the discussions here most interesting.

I just AH flip and until mid February I was able to sell my gold in EU for 0.25 (last transaction was 1 piece of 500m all together).

Now I'm sitting with some billions without no one buying them and as far as I understand it is because the actual price of gems in RMAH is so low and people can actually buy them for 1.31 euro (ATM) and then resell them for around 28-30m in the GAH.

One thing I don't understand is why then the prices of gems in GAH aren't going down. Shouldn't it be a natural consequence? If their actual price will decrease, for people it won't make difference if buy gems instead of gold in RMAH.

Can someone enlighten me? Do we have any hope?

gold is only worth 5 cents a mil atm, not 25
without the gold floor price, it would sell for 5 cent a mil on rmah aswell.

gems got certain cost to make, so they will never drop below a certain price (when no duping is going on)
the gem market is actually reflecting the actuall value of gold

 

[west79]

ok thank you, so unless many idiots start buying gold we will never sell ours.

I would go with the "epic items" route but I wonder if people are willing to spend 100+euro on items alone, especially in EU.

 

[kork09]

It's simple . one hand you have the people that buy gems instead of gold and sell those gems on gah for gold for their personal interest buy better gear or whatever
on the other hand you have the people that want to sell gold for real money and buy gems on gah to sell on rmah (because they sell) - it is a loop
if gold will ever raise again instead of just steadily dropping i doubt it because all they do is add small and useless fixes while at this point there is a need for new content not to mention fixing the core issues that pissed people off to begin with

 

[Cocaine]

Real Failure Auction House

 

[AngelsHalo]

items might start being valued in terms of Radiant star emeralds, ie you find some super elite EF 1300 dps 100% CD + socket 0.25 AS, maybe worth 984 rad star emeralds. gold will be completely useless in itself, just like it was in d2

 

[west79]

Gems are 1.10 now in EU....

I think the only way for Blizz to save the gold value is to totally decrease of a good 70% the whole cost of crafting gems.

I see no other options beside doom of course.

 

[Soullinker]

If i was blizzard i would simply reduce the amount of gold that drops...while keeping everything the same.
So 1 mill will still cost 0.25 but would take 5xtime to get it. Seems a simple fix, since blizzard does not want to go all the way and fix the core we might as way plosih the turd.

 

[JoshYoJoshYo]

The prices on GAH aren't going down because the cost to make the gems at the combiner hasn't changed..