Gems to gold exchange rate

Gems to gold exchange rate

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Posted by: RaZaC.1963

RaZaC.1963

Q:

My Question regarding this topic is:
What is a decent/average gems for gold exchange rate? I’ve bought gems and when i hit 80 i want to get some armor. So i’ll want to trade some gems for gold in order to be able to purchase the armor.
Now i’ve not been paying attention at all to the exchange rates, so i’ve not idea what kind of impact halloween has had on the exchange rate.

TL:DR
What is a good exchange rate for Gems -> Gold

Gems to gold exchange rate

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Posted by: GreyWraith.8394

GreyWraith.8394

A:

At one point during the event it was well over 1 gold for 100 gems (5 day high). Last night it was 62 (5 day average). Before the event rush something in the 50s was pretty normal.

The currency exchange screen has a graph with date/time and exchange rate over the past few days. You can use that to get a feel for how it changes over time.

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Gems to gold exchange rate

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Posted by: hedition.7261

hedition.7261

As someone who monitor gem price daily and play abit of exchange, I would say investing in gem/gold exchange yields so little, you will need to throw in quite a huge amount of gold and wait for a long time before you can see a significant return.

Gems to gold exchange rate

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Posted by: zerospin.8604

zerospin.8604

Halloween made Gems-Gold rate very VERY lucrative. I bought 14k gems for about 60g few weeks before Halloween, and during the highest Halloween price spike, I sold all the gems back for around 120g, that’s around 60g pure profit.

- few weeks before H 1 gold could be traded for 185gems (that’s when I bought most of mine)
- during the gem price spike on first day, 1g could be traded for 81gems or so, and that’s when I sold my gems for the insane profit.
- later the worth of gems fell again, but not as low as they used to be before the event

Maybe this graph will help a bit. You can see the situation before the event, the spike when it began, and the falloff to more or less where things are now. The worth of gems will most likely fall once the special items are removed from BLC. But it will not fall as low as it was before the event.

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Gems to gold exchange rate

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Posted by: Morrar.1764

Morrar.1764

Hmm the scale of that graph seems to be missing some numbers

Anyway, a historical overview can also be found here:
http://www.gw2spidy.com/gem

Indeed prices have been going up steadily since launch, but peaked heavily during Halloween (BLTC keys I suppose). If you are in to buying and reselling gems, be aware of the 30% spread / tax between the two. Prices need to rise quite significantly (at least more than 30%) to make a profit. This may happen during events, but otherwise I would not count on it

Gems to gold exchange rate

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Posted by: Tallis.5607

Tallis.5607

The chart that you see in GW2 itself is very, ver misleading. You got to use the chart at http://www.gw2spidy.com/gem to see the exact price.

The highest amount to buy 100 was 1g20s, when Halloween hit.
The lowest since then was 74s.
If you need gems and can buy them under 80S, do it.
If you want to buy them as investement… well… I wish you the best of luck with that!

People say that they made a fortue with gems at Halloween. Well, when you look at the graphic, you will see that that is impossible unless they bought the gems way in advance.

If someone managed to sell their gems at the PERFECT moment, they would have gotten 87s for them.

If they doubled their money, they would have bought the gems at 43s. The last time that happened was October 8th…

Tallis – Perpetual newbie – Tarnished Coast.
Always carries a towel – Never panics – Eats cookies.