Im sure some of you know what im talking about but just to enlighten others, id like to start off by saying dont purchase gold until the rest of the market catches up with what im about to say. An 1H item like:
800 life on hit
Currently going for like 12 mill or so. This is probably close to what this item is actually worth in terms of "value". However the very large disconnect comes in when people are trying to sell gold for 18-20$/mill. They are in for a rude awakening when they realize that albeit a great item, it is not worth nor will it ever be worth ~220$. You would be VERY hard pressed to find someone to pay this amount for this item. So Yes to current market value of the item but no on the current value of gold. I expect gold to be trading at around 5$/mill VERY quickly and this items Real money value to be about 65$ or less. And of course decreasing as gold and these items become more accessible.