Diablo® III

Price of Gold

Price of gold has risen 41% in the last 24 hours.
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piffle must be happy
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08/30/2013 02:54 PMPosted by scrapz
piffle must be happy


+1
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Fitz is probably sad.
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Wont last I'm sure. Maybe all the botters went on vacation or at a botters convention or some such thing.
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Prices on gems are even worse...rubies and emeralds doubled in the last 72 hours.
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There was a ban waved it took out most of the botters.
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Yeah on geeks it's 1.84

The bot thing must actually be true :D
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I just find it funny (this is why the "ban" thing is hard to believe) that blizzard made stack size potentially .25 cents for 50m, the next day gold prices went up, not down :P
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can't never get rid of the botters. they will simply buy more account and continue on. lol the prices will come down to the stable lvl again pretty soon. this happened numerous times before.
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MVP - Diablo III (Monk)
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saving my $ then. the small amount i have wont really make a difference if i convert now.
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I am calling BS on the banwave. Gold plummeted after the stack increase then has been steadily increasing in price since.

The price is being manipulated IMO.
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I am calling BS on the banwave. Gold plummeted after the stack increase then has been steadily increasing in price since.

The price is being manipulated IMO.


Sounds like tinfoil hats are back in style.

Maybe all the botters formed the Gold Cartel and have finally realized that if they cut back how much they sell prices will go up.

Offsite prices for 3 randomly selected googled sites are as follows
200million gold
site 1 $6.84
site 2 $6.77
site 3 $7.47
onsite is currently $8.80

Seems somewhat stable between the 3 of them. Looks like its about $2 less per 200mil offsite
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The more likely reason is everyone heard about xpac and is buying up gold to stockpile or just buying gold to gear their character. .

Also a bunch of people are buying up gold on d2jsp to flip it. Market is being manipulated, but not by botters.
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08/30/2013 06:18 PMPosted by BumblyWumbly
Sounds like tinfoil hats are back in style.


It isn't really tinfoil hat to think that people attempt to manipulate the game's market for profit. You do know that sort of thing happens in unregulated markets right?
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Buyz my goldz plz! http://imgur.com/SsI1lukl

:-D
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Sounds like tinfoil hats are back in style.


It isn't really tinfoil hat to think that people attempt to manipulate the game's market for profit. You do know that sort of thing happens in unregulated markets right?


Oh I completely understood what you meant.

Just sounded very conspiracy like, thats all. Nothing wrong with that.
Its highly probable the market is being manipulated but is it by an outside source?

Howabout this idea then.
People are offloading high end items due to upcoming expansion but the only safe way is IGG. Paypal is too high a risk of chargebacks. A majority of players are afraid to use off site gold sellers therefore to get the gold they need for these items they go to the auction house to buy it. People who are selling the items are holding onto the gold they receive for said items for the new expansion so supply is down some and gold prices are up.

I have seen a ton of people cleaning out their stashes of some pretty nice stuff that they were not using and flipping it into gold.
Edited by BumblyWumbly#1542 on 8/30/2013 6:57 PM PDT
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Yeah I think that lead to the current price increase since the announcement. Gold price has been going up since before the expac announcement. That was more of what I was referring to.
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It's been going up slowly, then about yesterday (or the day before) it jumped like 30-40%.

If it were due to expansion, we should have saw the gold jump a few days earlier than it did. I bought gold nearly every day off the RMAH for the past week since I'm constantly flipping crap (and slightly adjusting my gear) to get my bnet balance back to $250, lol.
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08/30/2013 05:45 PMPosted by Fitz
The price is being manipulated IMO.
That's what I was thinking too.

I don't know if the whole ban wave thing is bs but 3rd parties have definitely be manipulating gold prices, I feel like if you payed attention to the prices it was pretty d*mning evidence.

I feel like once someone, like blizzard, does something like raising the stack to "compete with third party gold sellers" they are giving in, it's pretty solid that they aren't having success on banning them. And the gold sellers took advantage of this and raised prices, unless someone can give me a reasonable explanation as to why they raised gold stack and then sending a ban wave, which potentially caused the gold inflation to completely 180.

the xpac coming out doesn't really have to do with this "naturally" happening, I think it would actually be a clever move by third parties to make the value of gold go up after people have flipped and sold gear for money assuming gold would keep going down in value (which it will, at least in the next six months, even if prices are being "manipulated".)

And now they have potentially doubled their gold value for anyone buying it, or re-buying it. Especially if they could manage to keep gold prices upward till the xpac (highly unlikely imo.). So i'm more in-favor of conspiracy for this, but I'm not ruling out being reasonable :P
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