Guild Wars 2

hi guys I need help I think ive made a big mistake, so I’ve 456 gold, I decide to buy 400 gold worth of gems for just under 8 gold per 100 gems.

I already had 1000 gems so now I have 5885 gems, heres my problem. I was testing and tried to see if my gems would return the same gold and to my horror I would only get a return of 370 gold, so an instant loss of 30 gold even though I already had 1000 gems.

so the question is, why is gold/gem sold at the value of 7g 97s, if its not really worth that and instantly worth 2 gold less.

Ive read of a a lot of people making money this way but I just don’t get it after this episode

Taxes.
Simple as that.

Gold to gems conversion rate is different from gems to gold conversion rate for exactly this purpose. You are not supposed to be able to make money by juggling gems and gold back and forth like that. You lose 15% or so with every conversion, so changing X gold to Y gems and immediately back again gives you 30% less gold.

What people have done is bought gems with gold back when the exchange rate was more favorable, say 5 gold per 100 gems, then sold the gems back for gold when the rate was much higher, making a profit even after the fees. This is not a great way to make money, however, since it means holding on to the gems for weeks or months waiting for a favorable exchange rate. Don’t do it.

The gem to gold conversion rate is 72.25% of the gold to gem rate (0.85 × .085). This is to discourage players from playing the exchange for short term profit and use it for it’s attended purpose. Either as a means to exchange in game currency for gem store currency or exchanging gem store currency bought with real world currency for in game currency.

I haven’t heard of anyone making coin off the gold/gem conversion.
If someone wanted to, and they were selling the gems now, they would of had to of bought them in earlier october. early october to now could of seen a 1.6g profit per 100 gems. That’s a long time to make very little profit (it’s only 37.2% profit).
There are many things that can give that much profit after 1 week, many other things that can give 100% profit after 1 month, and even more things that can give 200% profit after 4 months.

Mystic.5934:

I haven’t heard of anyone making coin off the gold/gem conversion.
If someone wanted to, and they were selling the gems now, they would of had to of bought them in earlier october. early october to now could of seen a 1.6g profit per 100 gems. That’s a long time to make very little profit (it’s only 37.2% profit).
There are many things that can give that much profit after 1 week, many other things that can give 100% profit after 1 month, and even more things that can give 200% profit after 4 months.

In the early days of the game, gems were selling at 20s for 100.