Gems going down??
You’re looking at the gold for gems numbers. But yes it’s down sharply once the sale was over and gold buyers decided it was the time to cash out. It was over 17g for 100 gemes and now is between 12 and 13g.
Don’t blame you, the TP defaults with the gold for gem numbers.
RIP City of Heroes
Prices spiked to an all-time high thanks to the 2nd Anniversary Sale. Now that the sales are over, prices are falling again. (I didn’t expect it to drop by THIS much though. There must be a lot more players selling gems for gold than I thought.)
If you’re waiting to sell gems for gold for a good price like I did, your best bet is to wait for another big sale, probably around Halloween or Christmas.
But honestly, that was the time if you every thought about buying gems to convert into gold, this was a good time to do it, 9-10g per $1.
RIP City of Heroes
I sold 8000 gems for 10.5g/100 gems during one of the early peaks. I wish I’d sold during a 13g/100 gems spike. XD My fault for not anticipating demand would go that high.
I sold 8000 gems for 10.5g/100 gems during one of the early peaks. I wish I’d sold during a 13g/100 gems spike. XD My fault for not anticipating demand would go that high.
So far, I’ve never “lost” money by assuming the gold:gems ratio would go up. Now, I try to buy whenever I have the coin, as soon as I can see there’s a local minimum price. I have frequently wished I converted more when I had the chance.
The stuff I bought during the recent sale was using gems purchased at 11g/100 gems, instead of the 17g/100 then-current market value.
My gem buying habits is similar but it’s difficult to time local minimum without constantly watching the exchange rate. And with the rate listed on GW2Spidy being wrong for nearly a month the other external source is gw2tp which only updates hourly.
I took a page out of 401K retirement by doing cost averaging, sort of. I use 1% of my bank every day and convert into gems. Also Mondays and Thursdays I convert 5% instead of 1%, in the off chance some highly desired item gets posted the next day and the ensuing rush to buy gems cranks the exchange rate up.
Yes that means I convert 15% of my bank weekly into gems. Roughly 65% a month yet the actual amount in my bank is still going up week to week, month to month.
RIP City of Heroes
(edited by Behellagh.1468)
I buy gem buying habits is similar but it’s difficult to time local minimum without constantly watching the exchange rate. And with the rate listed on GW2Spidy being wrong for nearly a month the other external source is gw2tp which only updates hourly.
I took a page out of 401K retirement by doing cost averaging, sort of. I use 1% of my bank every day and convert into gems. Also Mondays and Thursdays I convert 5% instead of 1%, in the off chance some highly desired item gets posted the next day and the ensuing rush to buy gems cranks the exchange rate up.
Yes that means I convert 15% of my bank weekly into gems. Roughly 65% a month yet the actual amount in my bank is still going up week to week, month to month.
Clever idea. I’m going to steal it and suggest it to my guildies. (with attribution, of course) Have an upvote.
Thanks and excuse the lack of grammar. Much too often my brain gets ahead of my typing ability.
This works because I’m not driven to buy everything new that goes up weekly but pick and choose my battles. I did “cheat” during this sale and bought gems for the first time, a $25 gem card, my first post purchase support of the game since I bought it 21 months ago. While I enjoy this game and don’t see the cash shop as “Evil”, my anger at NCSOFT still runs deep and wide.
RIP City of Heroes
I buy gem buying habits is similar but it’s difficult to time local minimum without constantly watching the exchange rate. And with the rate listed on GW2Spidy being wrong for nearly a month the other external source is gw2tp which only updates hourly.
I took a page out of 401K retirement by doing cost averaging, sort of. I use 1% of my bank every day and convert into gems. Also Mondays and Thursdays I convert 5% instead of 1%, in the off chance some highly desired item gets posted the next day and the ensuing rush to buy gems cranks the exchange rate up.
Yes that means I convert 15% of my bank weekly into gems. Roughly 65% a month yet the actual amount in my bank is still going up week to week, month to month.
Clever idea. I’m going to steal it and suggest it to my guildies. (with attribution, of course) Have an upvote.
agreed – good idea. I have done something similar just not that regular of buying
Monday should prove interesting – we have some limited time items expiring (although they have been available for weeks now) vs gems to gold conversion for the last minute rush on commander tags…I think commander tags will win and gem prices will remain relatively flat through the big patch Tues. I could be wrong, but it is always entertaining to watch