Gold > Gems

Gold > Gems

in Black Lion Trading Co

Posted by: Joshmans.8937

Joshmans.8937

Could someone possibly explain the reasoning on gem prices please?

Ive read a few posts a few times but still dont completely understand.

Gold > Gems price of gems to buy will increase if more people are buying gems?

Is that right? Makes so little sense. (to me)

Gold > Gems

in Black Lion Trading Co

Posted by: Shahotinaro.9250

Shahotinaro.9250

If more people are buying gold with gems then real money the price will go up because the demand is higher. If more people are buying gems with real money then gold then the price will go down.

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Gold > Gems

in Black Lion Trading Co

Posted by: Joshmans.8937

Joshmans.8937

Ok, so, if i understand..

The price of gems increases relative to gold from gold to gem purchases, in order to get more gold out of the ‘economy’ for good, acting as a massive sink.

So as time goes on, there will be more gold on everyone, which means more gold spent on gems, which means higher gem prices for silver/gold cost.. rite?

Dunno why but i never fully understand anything untill i find out the reasons why something acts the way it does, lol.

Gold > Gems

in Black Lion Trading Co

Posted by: Shahotinaro.9250

Shahotinaro.9250

Yes that is correct, now I’m sure there will be a cap eventually on the Gold → Gem conversion. Right now with the huge spike in prices has a few factors, being that more people are have extra gold on hand to spend on items, being lvl 80 and able to produce gold faster and all of the people buying to invest which is spiking gems faster then normal.

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