Guild Wars 2

if this has been asked before I could not find it on the forums. Has anyone from Anet ever explained why BUY/SELL price for GEMS is not equivalent? If someone is willing to pay 8 gold for 100 GEMS then, shouldn’t I be able to sell 100 GEMS for 8 gold?

Gold to gem exchanges usually spike when new items are added to the gem store. If the rates were identical, a player could buy gems with gold on Monday, then sell them back on Tuesday at a much higher rate and make tons of gold for nothing. The 30% difference in rates prevents this from being a trick to get free money.

Presumably they don’t want people speculating on gems and/or trying to manipulate the gem market.

/sigh

The difference in the rates is meant to curb day traders like me from treating Gold and Gems like a real world exchange. In a small, close economy like GW2, it would be too easy to manipulate a currency market without these barriers in place.

Good lord, did I just say that out loud?

Smooth Penguin.5294:

/sigh

The difference in the rates is meant to curb day traders like me from treating Gold and Gems like a real world exchange. In a small, close economy like GW2, it would be too easy to manipulate a currency market without these barriers in place.

Good lord, did I just say that out loud?

Could you imagine how rich we could be right now? Oh my…. It would be a fun ride.

Gaviston Hawkington.9647:

if this has been asked before I could not find it on the forums. Has anyone from Anet ever explained why BUY/SELL price for GEMS is not equivalent? If someone is willing to pay 8 gold for 100 GEMS then, shouldn’t I be able to sell 100 GEMS for 8 gold?

this is to prevent gems market manipulation.

everytime you purchase gems using gold, their immediate resale value is at 70% ofthat price. so if you’re stocking gems with a view to resell, you’ll have to wait a loooong time, for the resale price to go beyond the price you purchased….

i hope you understand what i explain. english no mamatounge.

Omnitek.3876:

Smooth Penguin.5294:

/sigh

The difference in the rates is meant to curb day traders like me from treating Gold and Gems like a real world exchange. In a small, close economy like GW2, it would be too easy to manipulate a currency market without these barriers in place.

Good lord, did I just say that out loud?

Could you imagine how rich we could be right now? Oh my…. It would be a fun ride.

At least until everybody catches on and the resulting inflation drives the economy straight into the gutter.

Zaxares.5419:

Omnitek.3876:

Smooth Penguin.5294:

/sigh

The difference in the rates is meant to curb day traders like me from treating Gold and Gems like a real world exchange. In a small, close economy like GW2, it would be too easy to manipulate a currency market without these barriers in place.

Good lord, did I just say that out loud?

Could you imagine how rich we could be right now? Oh my…. It would be a fun ride.

At least until everybody catches on and the resulting inflation drives the economy straight into the gutter.

By then, I would have cashed out and be living large on my own island, sleeping on a bed of legendaries!