RMAH Gold price floor lowered to .25/mill

[SJones11]

Source: https://us.battle.net/d3/en/forum/topic/6369407745#1

The title says it all, stack size for gold is being increased to 1mill while min price stays the same. This means the new floor price for gold is now .25c/mill. Good news is all of your gold will sell, unfortunately at a much lower price.

I don't expect it to drop all the way to the floor, but it will certainly contend with the 3rd party sites price which is currently around .90/mill. Because of the perceived safety, I would imagine RMAH price per million will hover just slightly above 3rd party sites prices.

Thoughts?

 

[MnogoDobarACC]

I think that we have no clue how much gold is there, and that by doing this, price will drop down to 0.25e/1mil pretty soon, and 3rd party sites will offer even less obviously.

 

[EpicG]

this will pretty much cut my profit by about 80% overall... o well...

 

[shaliuno]

(removed)

 

[mephuser1000]

Source: https://us.battle.net/d3/en/forum/topic/6369407745#1

The title says it all, stack size for gold is being increased to 1mill while min price stays the same. This means the new floor price for gold is now .25c/mill. Good news is all of your gold will sell, unfortunately at a much lower price.

I don't expect it to drop all the way to the floor, but it will certainly contend with the 3rd party sites price which is currently around .90/mill. Because of the perceived safety, I would imagine RMAH price per million will hover just slightly above 3rd party sites prices.

Thoughts?

I think that we have no clue how much gold is there, and that by doing this, price will drop down to 0.25e/1mil pretty soon, and 3rd party sites will offer even less obviously.

this will pretty much cut my profit by about 80% overall... o well...

this shit is getting serious....

Short answer: GF Runs, GF Gear and Gold will be useless. Time to stock up on SOJs. Blizzard has finally decided to sell gold to everyone directly.

 

[shaliuno]

(removed)

 

[Eisenberg]

Lets not make rush assumptions, this statement could also be understood as if they increasing maximum number of 100k "packs" which can be included in single auction (1 out of 10 you can have max) from 100.000x100.000 gold to 1.000.000x100.000 gold

Edit: Please notice that they are saying about "maximum" not "minimum" stack size, so considering that we dont have any possiblities to manipulate that "100000 gold" count, and only what we can do is to determine how much of "100000 gold" we put into current auction, i think that my interpretation is correct.

 

[SJones11]

Lets not make rush assumptions, this statement could also be understood as if they increasing maximum number of 100k "packs" which can be included in single auction (1 out of 10 you can have max) from 100.000x100.000 gold to 1.000.000x100.000 gold

Edit: Please notice that they are saying about "maximum" not "minimum" stack size, so considering that we dont have any possiblities to manipulate that "100000 gold" count, and only what we can do is to determine how much of "100000 gold" we put into current auction, i think that my interpretation is correct.

They are saying that you can, in fact, manipulate that "100000 gold" count, you can now put it as high as 1 million.

 

[Eisenberg]

They are saying that you can, in fact, manipulate that "100000 gold" count, you can now put it as high as 1 million.

Where ? I only see one statement regarding our issue :

We've increased the maximum stack size of gold per listing from 100,000 to 1,000,000. The current minimum listing price will remain the same per stack.

Because we cannot as of now manipulate that "100000 gold" theres simply no maximum or minimum regarding this position. I think that usage of "stack" word is misleading here, i guess patch note author mean by it total amount of gold which is put onto single auction, not that "100000 go9ld" which in his understanding is like a gem, which can be sold in stacks from 1 gem to many thousands.

 

[SJones11]

Where ? I only see one statement regarding our issue :

We've increased the maximum stack size of gold per listing from 100,000 to 1,000,000. The current minimum listing price will remain the same per stack.

Because we cannot as of now manipulate that "100000 gold" theres simply no maximum or minimum regarding this position. I think that usage of "stack" word is misleading here, i guess patch note author mean by it total amount of gold which is put onto single auction, not that "100000 go9ld" which in his understanding is like a gem, which can be sold in stacks from 1 gem to many thousands.

Are you suggesting the current maximum amount of gold you are able to list in 1 auction is 100K*100K = 10billion??

 

[Eisenberg]

Yes

 

[SJones11]

Have you tried it? Right now the current maximum amount of gold you can list in 1 auction is 1000*100k = 100mill = 250$ = maximum price for ANY auction on RMAH

 

[Eisenberg]

Hmm, that would refute my theory indeed.

 

[Athena]

As said, they are increasing the "maximum stack size"

Pre 1.04 the most you could sell per listing was 100,000 stacks of gold at 100k per stack.
Post 1.04 the most you can sell per listing is 1,000,000 stacks of gold at 100k per stack.

Each 100k stack will still be .25, but now you can sell more per listing. They're upping the amount of gold you can sell per listing, not changing the price.

 

[SJones11]

As said, they are increasing the "maximum stack size"

Pre 1.04 the most you could sell per listing was 100,000 stacks of gold at 100k per stack.
Post 1.04 the most you can sell per listing is 1,000,000 stacks of gold at 100k per stack.

Each 100k stack will still be .25, but now you can sell more per listing. They're upping the amount of gold you can sell per listing, not changing the price.

No, currently you cannot post "100,000 stacks of gold at 100k per stack" You can post 1000 stacks of gold at 100k per stack / per auction. Even if you were talking about all 10 auctions total that is still a max of 10000 stacks at 100k per stack!

 

[ManBearPig]

That line of thought honestly is a little absurd. They mean gold can drop down to as low as $.25 per million. Yes you could MAYBE interpret it that way, but if that's how you are interpreting it you would be wrong. People have been asking Blizzard to lower the minimum for a long time now because gold isn't really selling well, and this is a way for Blizzard to do just that. I haven't seen a single thread on the Blizzard forums on people asking if they can post more stacks of gold. Honestly if you are wanting to post more than the maximum amount of gold you are a botter, plain and simple. Nobody can farm enough gold to hit the gold limit on AH items. This 1.04 AH update is from all the requests of users wanting to tweak the AH. Now I could be wrong, but I really doubt it.

 

[Gingerbread]

They mean gold can drop down to as low as $.25 per million. [...] People have been asking Blizzard to lower the minimum for a long time now because gold isn't really selling well, and this is a way for Blizzard to do just that. I haven't seen a single thread on the Blizzard forums on people asking if they can post more stacks of gold.

I really doubt Blizz are going to lower the floor price of gold. It would put items out of the reach of legit players unless they bought gold. People who are asking for cheaper gold don't seem to understand that items in the auction house have a value. That value is regulated by the RMAH. A decent helm for example will sell for $20. On the GAH that same helm will sell for around about $20 worth of gold. If gold is suddenly worth a tenth of it's present value then the same helm will sell on the GAH for $20 ish worth of gold. Normal players will baulk at having to farm 80 million gold for a mid range helm and more people will quit playing.

I think this is a way for Blizzard CS to get less tickets from idiots who thought they were buying 10million and all they got was 1million.

I might be wrong, but Blizzard actively trying to vastly inflate the economy strikes me as really, really stupid, and I don't think Blizzard are stupid.

[For any nit pickers out there, no lowering the floor price doesn't of itself cause inflation, but it will cause much more gold from Gold Farmer stockpiles to suddenly get put into circulation, and THAT will inflate the economy]

 

[baldbrah]

Posted by Beregond
I don't understand this point, what does it mean? "maximum stack"="minimum stack" does make sense, is that a typo? :| And if that's true does the second part mean 1m = 0.25? ?

Only the stack size has changed for gold listings (increased from 100,000 to 1,000,000); all other numbers have stayed the same. The minimum price per stack is still the same, and you will still be limited to 100 total stacks. I've updated the main post slightly to make that bullet more clear.

This will only apply to gold auctions made after the patch, by the way. Gold auctions that already exist when 1.0.4 hits will only be valued at 100,000 gold per stack.

just saying. response by a blue on bnet forums

 

[Gentoo]

ManBearPig!

 

[SJones11]

A decent helm for example will sell for $20. On the GAH that same helm will sell for around about $20 worth of gold. If gold is suddenly worth a tenth of it's present value then the same helm will sell on the GAH for $20 ish worth of gold. Normal players will baulk at having to farm 80 million gold for a mid range helm and more people will quit playing.

It will be much easier to reach 80 million gold when all your auctions on the GAH sell for 10 times the price they are selling now. Gold value will always be relative to items, items drive the market, not the gold. They are trying to inflate the gold value to give more value to items and less value to gold. This effectively eliminates the threat of pure gold farming. This only leaves item farming as a viable farming/botting option, and since it takes time look through stacks of items to post on the AH, many botters will be deterred from botting D3.

The only thing that will change is the gold value of items on the GAH will increase by the same factor as to how much $2.50 worth of gold will increase. The amount of money spent on the RMAH will not change, thus not changing Blizzards profits.

The smartest thing to do right now is to put all of your gold into items asap. Yes your gold will lose drastic value in 1.0.4, but your item value will always stay the same (This does not take into account Legendary buffs)