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those black market gold spams kinda saddend me, it shows current gold value as 0.11 usd per million.
Massive oversupply of gold has depreciate gold value severely, and the items gold price inflate badly.
something need to be done before gold worth 0.05 usd per million.
blizzard need to remove the number one source of oversupply gold, the paragon level Gold Find.
Actually, the current market value of gold is $0.25 per million, and I know because in the last 3 months I have bought $425 worth of gold, all at $25 per G100,000,000.Sorry to have to tell you this but people have been buying 1 billion for about 88-110 bucks for some time now.
Edited by speedforce#1637 on 3/5/2013 6:21 PM PST
That isn't the current value, the gold sellers are panicking and keep dropping price because no one is buying them from them anymore, gold is cheap enough to buy on the rmah and its safer and you wont risk an account ban or being scammed.
Yes that is the current value. Because I have 560 million right now trying to pawn it off and nobody will buy. How to find the true value of gold is through the price of gems. I bought 82 dollars worth of gems, sold it on the AH for the cash and I'm supposed to reap the profits due to the difference in price, but nobody will buy my gold because it is not selling at .25 per mil. People buy from black market more than legit.
just a fyi, here's how it went down
82.90 = 22 Radiant Star Emeralds
22 RSE's on GAH = ~638m, 542m after fees
combining it with what I already had, I put up 560m for sale @ .25 per mil, 140 bucks list price.
Still hasn't sold yet. As you can see, I was supposed to make a clean profit off of the difference in price of RSE's and gold but gold will not sell b/c .25 is not the true price of gold.
Edited by speedforce#1637 on 3/5/2013 6:42 PM PST
Plus I wouldn't buy any at that price either. If a game can't be played and won without pay2win, then I won't play it.
Did you ever wonder if blizzard just "mints" their own gold and then just puts it on the AH? I sure did. After all, 100% revenue is better than 20% (or whatever it is - I don't even remember anymore - and that's a good thing).
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